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A phantom debt collection scam duped consumers out of more than $1 million. Here are 5 ways you can avoid falling victim

Collection Industry News

Almost 2,000 consumers who were conned into paying debts they didn’t owe are in the process of getting their money returned to them. Request a debt validation letter. If you’re contacted by a credit collection agency, regardless of whether or not it sounds legitimate, you should request a debt validation letter, McClary said.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

They will likely review your financial obligations and the debt you’ve accrued before presenting you with a range of options according to your financial status. Credit counselors help create budgets, offer free educational workshops, and develop plans to repay debts. These may include: contact from a collections agency.