Tag: debt

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What happens when a debt is validated?

If a debt collector fails to verify the debt but continues to go after you for payment, you have the right to sue that debt collector in federal or state court. You might be able to get $1,000 per lawsuit, plus actual damages, attorneys' fees, and court costs. Click to see full answer Should I…
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How often does collection agency report to credit bureaus?

When are collections accounts reported to credit bureaus? There's no rule requiring debt collectors to report a collection account to the three major credit bureaus. A collections account can be reported when a debt collector acquires the debt, or not at all. Reporting is up to the collection agency's discretion. Click to see full answer…
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