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Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. If you’re unable to pay your originalcreditor, your debt may pass to a debtrecovery agency, earning a collection letter and possibly a stain on your credit report.
The Fair Credit Reporting Act (FCRA) requires credit reporting agencies to show only accurate information about your credit history. If you can find inaccurate information, the creditbureau will have to fix the information. But when the agency buys your debt, it doesn’t pay the full amount.
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