How To Avoid A Debt Collector Nightmare

Los Angeles Times:

Debt collectors calling? You have rights.

-- The debt collector must tell you -- within five days of initial contact -- the amount you owe, the name of the creditor and how you should proceed if you think you don't owe the money. If you dispute the debt, send the collection agency a letter within 30 days saying so. Once the debt collection company receives your letter, it must stop trying to collect until it sends you written proof of the amount you owe.

Read the whole story at Los Angeles Times

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Comments

[Godweiser]

04:03 PM on 04/23/2012

A friend of mine got one of these, and she didn't actually owe the bill they claimed. These people ought to be hit with B-52's. Just erase their offices.

[mdsman]

10:39 AM on 04/23/2012

Or, just pay your bills, on time

[TMS3100]

10:41 AM on 04/23/2012

Or don't bite up more then you can chew.

[lofttypeofaview]

03:43 PM on 04/23/2012

Most people obtain debt because of some unforeseen circumstance. No one has 100% control over their fate. There are people whom did everything right, yet still lost everything.

[mdsman]

06:40 PM on 04/23/2012

that would be the minoriity
Most just over spend and then can't pay