Better Credit Blog

OCTOBER 5, 2020

If that’s the case, debt validation should clear things up quickly. Even more good news: this approach can work even if the debt is legit. Since Penn is a third-party debt collector, it may not have the info on file that it needs to validate your debt. Repossessions. Bankruptcies. Government.

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Better Credit Blog

FEBRUARY 2, 2021

If they are unsuccessful, your debt will go into collections, which can have a significant impact on your credit report. Some companies sell their debts to third-party debt collectors , while others, like BGE, have their own collections department. Repossession. Foreclosure. Charge offs.

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Better Credit Blog

FEBRUARY 19, 2021

In light of these issues, it’s important to educate yourself on the Fair Debt Collection Practices Act. This law prevents debt collectors from treating you unethically or making baseless claims regarding debts. This strategy is worth a shot whether you believe the debt is legitimate or not. Repossessions.

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