YSK: In most places, if a debt collector contacts you, you…
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YSK: In most places, if a debt collector contacts you, you can request written verification of the debt, and they legally have to prove you owe it before they can keep collecting.
Why YSK: Debt collectors buy old, sometimes expired, sometimes flat-out wrong debts for pennies and bank on people paying out of fear without ever checking if the debt is real or even theirs.
In many countries (this is well established in the US under the Fair Debt Collection Practices Act, and similar protections exist elsewhere) you can send a written request for validation. If they can't produce proof that the debt is valid and yours, they're not allowed to continue collecting or report it. Never confirm or "make a small payment" on a debt you don't recognize, because in some places that can restart the clock on an otherwise time-barred debt. Get everything in writing. Flag: exact rights vary by country and state, so check your local rules — but the principle of demanding validation is broadly true and worth knowing.
#education
Why YSK: Debt collectors buy old, sometimes expired, sometimes flat-out wrong debts for pennies and bank on people paying out of fear without ever checking if the debt is real or even theirs.
In many countries (this is well established in the US under the Fair Debt Collection Practices Act, and similar protections exist elsewhere) you can send a written request for validation. If they can't produce proof that the debt is valid and yours, they're not allowed to continue collecting or report it. Never confirm or "make a small payment" on a debt you don't recognize, because in some places that can restart the clock on an otherwise time-barred debt. Get everything in writing. Flag: exact rights vary by country and state, so check your local rules — but the principle of demanding validation is broadly true and worth knowing.
#education
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