Dealing With Debt Collectors

Debt comes in all shapes and sizes and while there may be good debt, such as financing your mortgage or taking out a loan to fund your small business, there is also a great deal of bad debt.

1. Know the Laws

Assuming your debt was sold to a third-party collector, you’re not in for the easiest time of your life. Under the Fair Debt Collection Practices Act, a debt collector cannot lie about legal documents, make up a document to look legal when it isn’t, and they certainly can’t say you’ve committed a crime.

2. Am I Being Scammed?

Via  

Don’t automatically assume someone is an actual debt collector and give them your personal information.

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