How to Stop Collection Agencies and Remove Them From Your Credit Report



Collection business are businesses much like other, most purchase debt from the original lender for a fraction of the original amount owed and after that try and collect as much as possible from you.

For instance, If you had an unpaid credit card balance of $2000, a collection company may buy it from the creditor for $400 and will attempt to gather the total from you. This is in some cases the reason for the continuous harassment from collection agencies.

It is important to comprehend that you have individual rights in reference to how debt collection agency communicate with you in reference to any debt. If they do not, they should follow these laws and you also have the right to sue them.

A collection agency by law can not call you before 8.00 am and after 9.00 pm and should also stop calling you once you advise them to by putting it in composing. It is also possible to remove collection accounts from your credit report.

In order to do this it depends upon the stage of the collection account, if its older than 7 years then you can have it gotten rid of with an easy letter to the credit bureaus. You can work out a lower payment in exchange for them erasing it from your report if its an account where the collector is still calling you.

It is essential that you get this in writing BEFORE you pay them any loan. Bear in mind that they purchased the account for less and this will also permit them to settle the represent less than what you originally owe on it.

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