In today’s episode, I discuss why paying a debt collector can destroy your credit, how to use the Fair Debt Collection Practices Act to protect yourself, and the exact steps you can take to erase invalid debt, stop harassment, and turn the tables on collectors for good.
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Paying a debt collector without knowing your rights can completely wreck your credit.
So if you’ve been dealing with debt collectors contacting you non-stop, sending you intimidating letters, and making you feel trapped with no way out, take a breath: there is a solution.
I’ve seen it happen too many times: someone thinks they’re doing the right thing by sending money on an old debt, and just like that, they restart the statute of limitations, kill their credit score, and lose all their legal leverage.
And the worst part?
A lot of that debt might be totally invalid, inaccurate, or straight-up fake.
In this episode, I discuss exactly what you should do when a debt collector calls. You’ll learn how to protect yourself using the Fair Debt Collection Practices Act, how to demand real proof before you ever consider paying, and how to spot the violations that could not only erase the debt but possibly put money in your pocket.
If you or your clients are getting those stressful calls and scary letters, take a deep breath.
You’ve got more power than you think, and this episode will show you how to use it.
Tune in now for more!
Key Takeaways:
00:00 Intro
01:56 Before we start
05:48 Validate the debt
06:14 Check the statute of limitations
06:41 Look for violations
08:22 Partner with an attorney
09:16 Negotiate smart
12:26 Outro
Additional Resources:
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