However, there is actually a federal law that protects you from abuse such as this. The Fair Debt Collections Practices Act FDCPA restricts the behavior of collection agencies by prohibiting tactics such as abusive or obscene language, harassment, or the use of false or misleading information to collect a debt.
Understanding your rights ahead of time will help keep them in line when they are communicating with you. One of the most important first steps when dealing with a debt collector is to verify that the debt belongs to you. In other words, do not ignore them! Debt collectors are required by law to provide documentation that proves they are authorized to collect on a debt.
If they fail to validate the debt, they must update the credit bureaus. This means that they will stop contacting you and entry will be deleted from your account. This is usually only granted if you have already paid the total balance of the debt and the collector can see that the debt is a one-off occurrence.
To request a goodwill deletion, you will need to write them a letter explaining your circumstances and why you would like the entry removed. It is best to be polite and courteous throughout your letter. The most common type of settlement that is worked out with debt collectors is a pay-for-delete agreement. The trick is that you must get the collections agency to agree to have the entry removed if you make a payment.
Start by offering to pay half and work from there. Couple that with a collection account on your credit report, and it can definitely impact your ability to qualify for new credit. Debt collectors often buy and sell debt from one another, so this can lead to multiple collections showing on your credit reports for the same account.
There are strict regulations about what a debt collector can and cannot do in the United States. For example, the Fair Debt Collection Practices Act prevents the use of abusive or deceptive tactics to collect any debt, whether or not you actually owe it. In particular:. Avoid the phone. NEVER talk to a debt collector on the phone. The less they know about you, the better.
Request a letter with the original debt information and then hang up. Record their phone calls. If you must deal with a collection agency on the phone, record them.
Thirty-five states and the District of Columbia allow you to record your phone conversations secretly. They will usually hang up. Debt collectors are known to make false threats, lie, and tell you whatever they need to tell you to try to get you to pay the debt. One of these complaints is something we see with many clients which is that they believe the collector violated HIPAA. This consumer complained, "I ask pmab to send me validation letter and they broke hipaa act by sending me my personal information as verification and not validation.
They simply cannot share the medical condition of the patient. If this consumer had worked with us, they wouldn't have wasted so much time going through improper channels to dispute this debt. This means working with a professional like Credit Glory to challenge your negative accounts has a good chance to get them deleted, improving your score and allowing you to qualify for the home, car, and credit cards you need.
We can help you, too! Before you do, make sure that RMP verifies the debt is yours. You can dispute an unverified debt, and the easiest way is with help from Credit Glory. Before agreeing to anything, be sure RMP verifies the debt is yours. If they can't, your best option is disputing it with help from Credit Glory. In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory.
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