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Many times, a debt collector will demand payment for a bill, even if you have no idea what they are talking about. This bill can really be in existence, but may have fallen out of your memory. Or, the billing party may have either sent the bill to the wrong address or never sent it at all. However, this debt can also be prefabricated by a third party looking to collect on a non-existent bill.

What can I do if a bill is sent to them that I am unaware of?
Consumers have rights that protect them from certain debt collecting scenarios. According to the All debts must be the Fair Debt Collection Practices Act, Paragraph 809, all debts presented by bill collection companies must be validated according to the following guidelines:

  -- the total amount of money owed
  -- the name of the party/creditor looking to collect the debt
  -- a statement that affirms the debt as being valid if the consumer does not dispute any part of the debt within 30 days after receiving notice
  -- if requested by the consumer, a statement that will provide the name and address of the original creditor, if different from the current creditor, within 30 days of the consumers request

If the debt collector can not fulfill any of the obligations above, the collector must stop its quest of collecting the debt until they can provide the consumer with the name of the creditor and the total amount owed.

If you, the consumer, does not dispute the debt, then you are going to be required to pay it.

Read more about the basics of collection companies, the procedure they use for collecting debts and how you can negotiate with them.

Credit Fact:
Do you know how to properly dispute errors on your credit report? Knowing how to can help improve your credit score quickly!

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- Do you what information is on your credit? Make sure there are no errors or outdated info. You can get a free credit report copy and find out.

- Do you have excessive debt? We can help you eliminate debt quickly and hassle free!


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