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A debtcollector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debtcollector? What Is a DebtCollector? Why Are They Contacting Me?
Illegal activities included harassing phone calls, bogus threats of arrest or lawsuit, and violations of other provisions of the Fair DebtCollection Practices Act. In many cases, consumers didn’t even owe the debts. The collectors threatened them with legal action unless they made an immediate credit or debit card payment.
Managing your debt and confronting various debtcollectors can be intimidating, but it becomes much simpler when you understand the rules everyone must follow. One of the most important things to know about any debt is that there comes a time when it is too old for anyone to harass you about it.
In order to legallycollect on your debt, they must first open a collection entry on your credit report. This account shows that you have had a bill move to collections and ACS Inc has a right to collect it. A goodwill deletion will not work for you if you have not already paid ACS Inc for the debt.
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