Are you sure you owe that collection agency?

Some consumers may easily believe banks have our backs and will always look out for our best interest. Then there are the consumers who are a tad more realistic and know banks can be trusted as far as we can spit.  In 2016, Wells Fargo was fined $185 million for fraudulently opening checking and saving […]

How soon can a collection agency sue a debtor?

Collection agencies can be a bit ambitious when they collect a debt. Especially when they act faster than they should and rush a lawsuit against a debtor without allowing the 30 day right to request validation to run out. When a collection agency receives an account to collect, they are to mail a dunning notice, […]

The Validation Notice – Conspicuous Disclosure

Collection agencies will try to get away with anything they can to collect a debt. One tactic commonly used by collection agencies are not to mail the required notice to the debtor advising them of their rights on the alleged debt. The first notice collection agencies are required by law to mail is called a […]

Statute of Limitations Per State

Below is a list of states with the amount of time that a creditor has to collect an unpaid; legitimate, debt. The statute of limitations goes according to either date of last payment or the date the account was opened – whichever is the most recent. Nothing more. Creditors and the credit reporting agencies often […]