debt validation

Fighting The Debt Collectors

April 28, 2010

If debt collectors are harassing you, you need to realize that there are laws to protect you from unscrupulous practices. The Fair Debt Collection Practices Act prohibits many of the most egregious infractions. Right now there are more and more people taking advantage of this law and actually suing and winning over debt collectors, especially [...]

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Why You Should Dispute Bad Credit

January 21, 2010

As young adults, we are taught many things. But one lesson most of us are not taught is something that will ultimately affect our entire lives. Unless we learn the importance of earning and maintaining a good credit score, life can end up really hard. Not all bad credit marks are necessarily your fault though. [...]

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Improve And Repair Bad Credit

December 17, 2009

For most people in life the major financial purchases like buying a house or a car require credit. Of course, in order to be approved for credit you must have a good credit score. Life and finances both tend to be less expensive and much easier when you have a good credit score. But what [...]

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Credit Repair Programs For Impaired Credit

December 10, 2009

If you are interested in improving or rebuilding your financial reputation with creditors you may want to look into a credit repair program. These programs help debtors repair their credit and also teach them how to change bad spending or payment habits in order to prevent future difficulties. There are credit repair programs that allow [...]

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Make The Collection Company Validate The Debt

December 2, 2009

A collection agency is a second party (rather than the original creditor) who has been authorized by the original creditor to try to collect the debt. There are various ways a collection agency may get the debt, however that goes off on a different tangent and should be in a different post. But think about [...]

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Questionable Debts And Debt Validation Letters

November 30, 2009

If a debt collector is hounding you about a questionable debt, under the Fair Debt Collection Practices Act, you can request the debt collector to send proof of the debt. This process is referred to as debt validation. See the sample debt validation letter at 724credit. Tweet

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Inaccuracies On Credit Reports

November 21, 2009

It is estimated that as high as 75% of all credit reports contain errors, mistakes and inaccuracies.  The FCRA is the Fair Credit Reporting Act and it was enacted back in 1979 to allow consumers the opportunity to dispute problems on their credit report and to promote the fairness, accuracy and privacy of personal information on credit reports.  [...]

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Three Crucial Laws To Be Aware Of When Doing Credit Repair

November 21, 2009

The basis of most credit repair is the Fair Credit Reporting Act or the FCRA.  This law was enacted back in 1970 to protect consumers from inaccuracies and inconsistencies on credit reports.  This law enables consumers to dispute untruthful or inaccurate listings on their credit report.  It also permits a consumer to receive one free [...]

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Debt Validation

October 17, 2009

Did you know that under the FDCPA or the Fair Debt Collections Practices Act you have the right to “debt validation”? What does that mean you ask? What this means is that you demand proof from the collection agency and the original creditor that the debt is really your responsibility and that the balances, terms [...]

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