Reported 3 days ago
Dealing with a debt in collections can be challenging, but understanding your rights and verifying the debt's legitimacy is crucial. Follow these steps: confirm the debt is yours, know your rights under the Fair Debt Collection Practices Act, check the statute of limitations, determine if the debt is collectible, negotiate a reasonable repayment plan, and document all communications. By being strategic and cautious, you can effectively manage your debt while protecting your credit score.
Source: YAHOO