MYTHS AND SCARE TACTICS USED BY DEBT COLLECTORS.

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Dealing with debt collectors can be scary, especially if you don’t know the rights you have with collection agencies. There’s a lot of misinformation about debt collectors, how to deal with them, and what they can and can’t do when collecting a debt. Unfortunately, believing the widespread myths about debt collectors can damage your credit, put you at risk of a lawsuit, or even lead you to pay a collection that you don’t owe. Get the facts about debt collectors and the truth behind these common debt collection myths.

Myth — Believe Everything You Are Told!

Insist that they send you a debt validation before you pay anything!

Once you receive the debt validation letter, you have thirty days to dispute the debt in writing. The debt collector cannot contact you within those thirty days.

CLICK HERE TO KNOW ABOUT- FACTS ABOUT DEBT COLLECTOR CALLS YOU NEED TO KNOW-

Myth — You Can Pay the Original Creditor

Myth — All Debt Collectors Work for Real Companies

Always ask for a debt validation before you do anything!

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Avoid Debt With a Cease and Desist Letter

The debt can still be listed on your credit report and will still affect your credit score and ability to get approved for credit cards and loans. The debt may even be assigned to a new collector. If that happens, your previous cease and desist letter does not apply.

Payment Removes Debt From Credit Reports

Debt Collectors Can Garnish Your Wages

You shouldn’t be blindsided by garnishment unless the debt collector has used the wrong address to have your legal notices served. If that happens, your attorney may be able to have the judgment overturned because you were not served at the right address.

FOR MORE ARTICLES AND INFORMATION VISIT OUR PAGE- www.bharatdebtrelief.com

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