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Whether mail went missing or communication about medical debt got mixed up, it’s possible an account with your name on it is languishing somewhere in collections. Get some tips to find out all your debts so you can make educated decisions about how to clean up your credit history. Contact Creditors You Think You Owe.
In a new initiative called Operation Corrupt Collector, the FTC and more than 50 partner agencies announced nationwide enforcement and education efforts to protect consumers from illegal debt collection practices. The collectors threatened them with legal action unless they made an immediate credit or debit card payment.
Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legallycollect on it. One option is debt management plans, which allow you to make affordable monthly payments to your creditors.
Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legallycollectible debts. This move aims to prevent consumers from being harassed over debts they may no longer legally owe.
Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legallycollectible debts. This move aims to prevent consumers from being harassed over debts they may no longer legally owe.
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