Some types of old debt are no longer collectible after a certain point. But collection agencies make money by scaring people ...

Debt in collections can take a toll on your finances and peace of mind, but you’re not powerless. By verifying the debt, ...

This letter should include your name, the debt amount, the delinquent account and your consumer rights regarding debt collection. It’s essential you pay close attention to the validation letter ...

A debt validation letter will also outline how much is owed, the type of debt owed, details about the creditor and other important information. If there are any errors, you have 30 days to dispute ...

Since you are reaching out to a debt collection agency, it's important to keep copies of all communications. Make sure to send the letter by certified mail with the return receipt requested.

Again, by not sending the letter within 30 days, the debt collector can assume it’s a valid debt and proceed with the collection attempt. » LEARN: How does debt consolidation work?

Receiving a call, email or letter from a company purporting to be a debt collector can spark alarm. Before disclosing any information, look for these eight signs of a fake debt collection scam.

Our rating: False A debt is not "invalidated" if a collector does not respond to a verification letter within 30 days. There is no time limit for collectors to respond to such a letter, experts say.

PHONE RINGING OFF THE HOOK?  You have rights when it comes to how and when debt collectors can call you — even if you owe ...

The debt collection legislation bills—S.B. 408 and H.B. 4900— referenced in Geraldine Buckles' opinion piece ("Debt collection bills will undermine civil litigation," Oct. 9) are aimed at ...

This is called “debt validation” and is regulated under the Fair Debt Collection Practices Act (FDCPA). A legitimate debt collector usually provides debt validation through a letter before ...