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CFPB Debt Collection Rules: What You Need to Know

Credit Management Company

This rule limits how often a collector can contact a debtor while also establishing rules around social media and what information must be included in a voicemail. The act protects patients and makes it illegal for debt collectors to threaten consumers when trying to collect on medical accounts. Debt account number.

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Common Myths About Using a Collection Agency

Credit Management Company

Read on to discover all you need to know about debt collection agencies. Myths About Using a Collection Agency: Paying the Original Creditor to Bypass Agencies. Many people believe they can get around dealing with debt collection agencies by paying their original creditors directly.

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4 Ways To Remove Collections From Your Credit Report

Better Credit Blog

Don’t go into too many details, but let the debt collector know if you’re trying to buy a house but can’t because of the negative information on your credit report. Then kindly ask the debt collector to remove collections from your credit report out of goodwill.

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Consumer Rights in Debt Collection

Credit Management Company

The creditor collecting the debt. A notice informing the consumer they have 30 days to dispute the debt. A statement letting the consumer know if they request additional information about the debt or creditor it will be provided within 30 days.