bankruptcy by zip code

The phone rings 08.01 clock Sunday. The caller ID says "ABC Collection." Your blood is boiling. Before you enjoy the rest of your Sunday morning here are some tips what to do when debt collectors trouble you:

1. Know your rights outlined in the Fair Debt Collection Practices Act.

A. You have the right to not abused to be bullied, lied to or from collection agencies.

B. You have the right to limit when (8:00 a.m. to 9:00 p.m.), where (not at work, if desired) and how (by mail only if requested in writing) debt collectors can contact you.

C. You have the right to know when you experience a fault Collectors speak.

D. You have the right to obtain, within 5 days of a debt collector first call to inform a written notice how much you owe, which you owe and how to fix it or dispute has.

2. Be prepared.

A. Do your own research before you talk to the agency. Make sure the debt is yours and not someone with the same name as yours. Check that you have already paid, or perhaps she is declared bankrupt. Collection agencies are trying to accounts that have already settled collect notorious.

B. If your documentation shows the account settled or not sell it military. Send a dispute letter and your documents to the companies and agencies. Here is a sample dispute letter from the Federal Trade Commission href = "http://www.ftc.gov> http://www.ftc.gov:

Date
Your Name
Your address,
City, State, ZIP code
Complaint Department
Company Name
Address
City, State, ZIP code

Dear Sirs:
I am writing to the following information in my file dispute. I dispute the terms encircled on the attached copy of the report I received.This item (identify item (s) disputed by name of source, such as creditors or Tax Court, and identify type of item, such as credit account, Judgement, etc.) (inaccurate or incomplete), as described (what inaccurate or incomplete and why). I ask that the article is deleted (or request another specific change) to correct the information.

Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please investigate this (these) Question (s) and (delete or correct) the disputed item (s) as soon as possible.

Sincerely,
Your name

C. If you notice, the account is yours, and still owed, crunch numbers and are preparing to offer a settlement. According to a 2007 Federal Trade Commission study, the average Collection for 16 cents on the dollar settled! Propose one-time payment or monthly payment plan. Do what to fix it and carries from the back.

So The next time a debt collector to anger, that's what you do!

Paul Storm has facilitated the credit recovery of thousands of consumers during his decade in the finance industry, through his radio program “Credit 911″, national seminars/workshops, and as the author of “Finding Your Way Back: The Credit Recovery Road Map.” To learn more about Paul Storm go to http://www.credit911live.com

Bankruptcy Basics – Part 9: Legal Assistance