Debt collection and mistaken identity

It may seem exaggerated, but debt collectors chasing the wrong guy routine and devastate your personal finances. Since the original creditors often sell the debt for old debt buyers, who can then sell more, it is not surprising that misinformation creeps into the old files. Even when this happens, collectors often close enough to use an "approach", trying to collect what they can from people who have similar names to those who owe money, orToday you can live in an address or phone number of who owes money. The result? People who do not have a dime, you may find your credit history and "no, or worse, have their wages garnished or bank accounts frozen.

If you are a victim of this case is very common, there are steps you should take some common sense. First, you must request a verification of when and to whom the debt was incurred, and other documentation. Secondly, you should question the ' the debt in writing and explain why the debt collector has confused you with someone else. Includes a "cease and desist" letter, telling them they can not contact you again in debt. By sending these letters, you must do so via certified mail, return receipt requested. You should also keep a record of pointing out the dates and times of calls, along with a summary of what was said. If you receive voice messages from a debt a> collection agency, except. Similarly, keep any written communication can be displayed, as the building envelope.

Finally, it is important to review your credit reports. The practice of a collection agency go after the wrong person is known as "marking", and when added, it is likely that the debt collector has submitted a report to credit reporting agencies. If we have incorrect information about the debt, instruct ' > Collection agencies to remove the information. You can also contact credit reporting agencies directly and inform them about the incorrect information. Therefore, to maintain control of your credit report to ensure that false information was removed.

It can be frustrating to deal with collection agencies debt - especially when the debt is incurred - but it is important to defend your position. Furthermore, it should be noted that the Federal> Fair Debt Collection Practices Act protects your rights - even if they are the debtors. If an agency debt collection action on the course of action is to appeal. When this happens, it is best to have a debt attorney at his side. The hiring of a lawyer should not cost money, like the FDCPA mandates that the collection of debt agencies are in violation of the law must pay the Legal costs. Often, in case of mistaken identity, a collection agency can resolve with a consumer, rather than pass the cost of going to court.

The end result? If you've been tagged, so it is clear that the collection agency is the wrong person. Tell them in writing, but cover your bases to keep track of all communications. The law is on their side, to work for you. If not, it is possible that the debt> Collection Agency has a stranglehold on their credit reports, bank account, and even your paycheck.