Verification can be Scary!

Most borrowers who have credit card debt feel abused and put out by creditors calling all day every day and the many letters they get in the mail.  Credit reporting is already punishing them and they feel the calls and mail is harassment.

They may be right!

There are stringent rules that govern collection practices and credit reporting and most major creditors violate them every day.  They call friends and family, they call you when you have asked for communication only by mail. They have many aspects that are blatantly out of line.

How do you fight back?  You owe the debt, what can you do?

Ask for verification.  Ask for how they are calculating fees and interest in writing.  Ask for verification that you originally signed for the credit and for the charges that make up the debts they are trying to get you to pay.  How about asking for proof they are even allowed to collect a debt in your state and what the statute of limitations are in your state?

There are tons of hoops that creditors are supposed to be jumping through, but unless you show them you know where they are the dog and pony show will go on will creditors simply marching around the obstructions.

Use the magic word, it’s not please, it’s Verify.