🚨 STOP. Don’t Pay That Collection Yet. Read This First. 🚨

17d • Gems

Before you send a single dollar to a debt collector, you need to know this. Most people pay out of fear, not facts. Here’s what debt collection companies MUST prove before they can legally collect from you 👇

1️⃣ Proof you’re the correct debtor

They must verify that the debt actually belongs to you. Same name is not enough. If they cannot prove identity, the debt can be challenged.

2️⃣ Legal standing to collect

They must show they have the legal right to collect the debt. If they cannot prove ownership or assignment, they have no standing.

3️⃣ A valid contract exists

They must provide proof of a valid contract or agreement tied to you. No contract, no obligation.

4️⃣ Proper licensing in your state

Debt collectors must be licensed and authorized to collect in your state. Many are not, which makes the collection invalid.

5️⃣ Accurate amount owed

They must prove the balance is correct. Fees, interest, or inflated amounts without proof can invalidate the claim.

6️⃣ Within the statute of limitations

The debt must be within the legal time limit for collection. This varies by state. If it is expired, they cannot legally sue or enforce it.

⚠️ Paying a collection before verifying these things can restart the clock and hurt you. Smart disputes get results. Random disputes get ignored.

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