2 ✌️ REASONS NOT TO PAY COLLECTIONS
1️⃣ 90% OF THE TIME THEY WONT REMOVE YOUR COLLECTION OFF YOUR CREDIT; THUS, N YOUR CREDIT SCORE DOESN'T CHANGE AND YOU'LL STILL GET DENIED FOR CREDIT OR LOANS.
2️⃣90% OF THE TIME THEY DON'T HAVE PHYSICAL
PROOF THE DEBT IS YOURS WHICH IS A VIOLATION OF YOUR CONSUMER RIGHTS!
• FDCPA 809 15 USC 1692 VALIDATION OF DEBT
• IF THEY CAN'T MAIL PROOF OF DEBT, THEY CAN'T COLLECT!
Instead, you can try to ask for Pay-To-Delete OR Dispute and remove it off your credit. This is when your score will sore!
Do it yourself or let me and my team do it for ya💪🏽
In today's financial landscape, understanding your rights when dealing with debt collectors is crucial. Many individuals are unaware that under the Fair Debt Collection Practices Act (FDCPA), specifically section 809 (15 USC 1692), consumers have the right to request debt validation. This means that debt collectors must provide proof that the debt is indeed yours. If they fail to do so, they cannot legally collect the debt. Furthermore, it's essential to recognize that a significant percentage of collectors often do not have the necessary documentation to back up their claims, which makes demanding proof a powerful tool in protecting your financial health. If a collector cannot mail proof, you are under no obligation to pay. Instead of simply paying the collection amount, consider negotiating a “Pay-To-Delete” agreement. This strategy involves offering payment in exchange for the removal of the collection entry from your credit report. Effectively, this can lead to a positive adjustment in your credit score, as having a collection account removed can have a considerable impact on your overall credit health. Remember to stay informed and proactive. Engaging a credit repair service can also help you navigate this complicated process, ensuring you make the best decisions for your financial future.
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