Collection Agencies

Collection agencies are known to be ruthless when attempting to collect debts. Many collection agencies have bad reputations and some have been known to break the law when trying to collect. Many people are scared of collection agencies because dealing with them can hurt their credit score and credit report. The fear of having tarnished credit report gives collection agencies power over people. And, quite a few debt collection agencies do abuse that power and use the credit reporting system to threaten the debtors to pay off, sometimes illegitimate debts.

Below are some resources when dealing with collection agencies. The first thing to remember is don't be afraid to deal with collection agencies. There are laws helping consumers and collection agencies will be in the wrong if those laws are violated. Even if the collection agencies manage to report your collection accounts to the credit bureaus, you can still get them erased and avoid ruining your credit report and reducing your credit score.

• How to deal with Debt Collectors? (what to do when debt collectors contact debtors and how to watch out if they violate any laws in dealing with debtors)
• Dealing with Collection Agencies (who are collection agencies, how they get paid, and how to deal with them)
• Credit Report and Debt Collection (how debt collection agencies use the credit system to threaten debtors)
• Collection Account Reduced My Score! (problems you can face with collection accounts)
• Re-Aging (Problem that many debt collection agencies do to hurt your credit report on purpose and example of how the FTC brought down a debt collection agency that practices re-aging.)
• Georgia Redd vs Arrow Financial Services (a class action lawsuit against debt collector who violated the Fair Debt Collection Practices Act)
• Performance Capital Management (How the Federal Trade Commission brought the CA debt collection agency down on various debt collection violation charges. This is a good example of what debt collectors cannot do)
• Letters disputing debt to collection agencies (what happens when you send letters to collection agencies)
• Disputing a Debt (how to dispute debt and what to expect when a debt dispute occurs)
• Disputing a Bill
• How to Deal with Collection Agencies
• How to Respond to Debt Collectors
• How Can I Stop Debt Collectors?
• Debt Collector Tactics