How Do I Erase Charge-Offs and Collections From My Credit File?
One of the many challenges that most people have with their credit report is that it contains collections and charge-offs. These accounts are registered against your profile if you have defaulted on a loan taken in the past to the extent that your non-cooperation forced the lender to sell off the right of debts collection to a third party interested in collecting the debt and making a profit on it. Usually the third party debt-buyers pay the creditor a fraction of the original monetary value of the debt. Once they have acquired the rights to demand payment of debts, collectors will employ several methods to ensure that you pay them and their methods will range from the acceptable to the outright illegal. The reality is that there is a regulatory act that determines how debt collectors should conduct their business when making demands from debtors. The Fair Debt Collections Act was passed into law to protect consumers from undue harassment from unruly collectors. For you to remove a col
