Credit Repair: How to Stop a Collector
Have you been contacted by a collector? Credit repair expert Jim Kemish discusses some of the powerful legal rights you have under the Fair Debt Collection Practices Act to stop collectors and gain control of the situation.
Your Thirty-Day Window
Have you received a collection notice? Don0t ignore it! The first receipt of a collection notice contains an opportunity that you should not miss. If you dispute the debt in the thirty days after receiving notice the collector must stop all collection activities while investigating your dispute, and may not make any attempt to collect until he has provided you with verification of the debt. In addition, the debt may not be reported on your credit report during this period of time. If you do not respond within thirty days you have effectively waived your right to demand investigation under the Fair Debt Collection Practices Act (FDCPA). This is an important right and may serve you well if you have any question about the accuracy of the debt. Are you in a credit repair program? The more comprehensive credit repair programs provide debt validation as part of their service at no extra charge. Simply forward the […]

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