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Why Do Debt Collectors Check Your Credit Report?

Taurus Collect

It’s important for debt collectors to check a person’s credit report because this information shows how reliable they are as a debtor. Additionally, debt collectors must also adhere to the Financial Conduct Authority’s regulations regarding data protection and privacy.

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Can a Debt Collector Collect After 10 Years?

Credit Corp

Contact a lawyer for your unique situation if you have questions. Each state has a law referred to as a statute of limitations that spells out the time period during which a creditor or collector may sue borrowers to collect debts. If you’re being contacted by a creditor about a time-barred debt, you can ask them to stop.