How to Dispute a Debt in Collections and Improve Your Credit Score
Dealing with debt in collections can be a stressful and overwhelming experience. It’s not only frustrating to receive repeated calls and letters from debt collectors, but it can also take a toll on your credit score. When a debt goes into collections, it means that the original creditor has given up on collecting the debt and has sold it to a third-party debt collector. Once this happens, the debt collector has the right to take legal action against you to collect the debt.
However, just because a debt has gone into collections doesn’t mean that you’re stuck with it. You have the right to dispute the debt and potentially have it removed from your credit report. This process is known as debt validation, and it allows you to challenge the validity of the debt and ensure that the debt collector has the legal right to collect it.