What does Debt Validation Mean?
So you opened your mail and seen a threatening letter from a collection agency or collection attorney telling you that you owe them or their client a certain amount of money. Your heart starts beating fast and your stomach feels sick because you know trouble is right around the corner. Or is it? Know your rights. Every single American is protect under the FDCPA in regards to Collection Agencies and Collection Attorneys. Think about this • Is this debt really yours? • Is it really old and you have no idea if it is yours or not? • Did you already pay it? • Has the state’s Statute of Limitations Run out? Statute of Limitations Explained Each State has a Statute of Limitations in regards to collecting a debt. Meaning how long a collector has to LEGALLY collect the debt. To use the courts and laws to file judgment against you. If this Statute of Limitations have run out well they are Shit out of Luck in trying to get a judgment against you. They may still try to collect the debt but if the
Related Questions
- A debt collection agency may sue you and if a judgement is granted against you, a collection agency may go into your bank account to collect the amount owed. Question: Can I go to jail for not paying the purported debt?
- What happens if the debt is with a collection agency?
- What does Debt Validation Mean?
