How Long Does Debt Stay In Collections?

Stop Debt Collectors How Long Does Debt Stay In Collections?

How Long Does Debt Stay in Collections

Are you dealing with calls from debt collectors that aren't legal? If so, it might be adding financial stress to your life. Dealing with debt collectors and protecting yourself isn't an easy feat. And if you aren't experienced enough to deal with it, things might confuse you. The consumers are protected against the illegal practices of debt collection through FDCPA. If you are unaware of what to do, DoNotPay can help. We can help you walk through the hoops to determine "how does debt collection go away." If you wish to file a complaint against the company, DoNotPay can help. We will file a complaint on your behalf and ensure that you get the best help. Let's discuss more facts about debt collectors and how to stop them.

What is the FDCPA?

FDCPA is a federal law that stands for Fair Debt Collection Practices Act. It is made to ensure that third-party debt collectors follow the right technique. In case any debt collectors violate FDCPA, the debtor can sue them. Here are the few things that FDCPA says about debt collection.

  • Debt collectors cannot contact debtors at inconvenient times. The allowed timing hours are 8 a.m. - 9 p.m.
  • Debt collectors can reach debtors at offices and homes. But only at convenient hours.
  • If the debtors ask not to call during office hours, they must stop. If they continue to do so, it will lead to a violation.
  • Deceptive, unfair, or illegal means of debt collection are prohibited.

How to Deal With Debt Collectors on Your Own?

If you're dealing with a third-party debt collector, here are the ways to deal with them.

  1. Never ignore the debt collector agency when they contact you. Instead, ask them about the debt validation letter. This will help you to recheck the amount owed and authentic creditor. Ignoring the debt collection agency can lead to credit-score damage.
  2. Review the debt validation letter to check the statute of limitations. This will assist you in knowing whether the debt is about to expire or not. Know "how long does debt stay in collections." In case the debt is going to expire, just ignore it.
  3. Don't talk much on the phone and never share your personal information.
  4. Understand your rights in a better way to ensure that they are approached legally. If they aren't legal, you can file a complaint against the company.
  5. If they have violated FDCPA, you can file to FTC and CFPB.
CompanyConsumer Financial Protection Bureau (https://www.consumerfinance.gov/)
Mailing AddressPO Box 27170

Washington, DC 20038

Phone Number(855) 411-2372
Email or Contact Formhttps://www.consumerfinance.gov/complaint/
FaxN/A

However, filing a complaint isn't as easy as it seems. There are several things to consider and plenty of laws. To understand everything better, you can ask for expert help. DoNotPay is a platform that can help you to deal with such situations.

How to Stop Debt Collectors Using the DoNotPay Platform?

Have you been recently harassed by a debt collection agency for months? If so, you need to look for the best way to tackle this. First of all, you need to find out whether or not the debt collector meets your rights. Seems difficult? Fret no more; DoNotPay can help you to solve the problem. By knowing your needs and requirements, we will guide you through the process. What's more, we can even help you to create a demand letter. Thus, enabling you to save your time, money, and effort. Looking for how to get started with DoNotPay? Check out the simple steps. 

Here’s how it works:

  1. Search “debt collection” on DoNotPay.

     

  2. Answer a series of questions about the debt collectors, including when you were contacted and how you were contacted, so we can determine if they have violated any debt collection laws.

     

  3. Decide which course of action you want to take based on our guidance, such as filing a debt verification request, demanding for the collectors to stop contacting you, or reporting them to the CFPB.

     

And that’s it! Once you choose the course of action you want to take, DoNotPay will handle the rest. We’ll deliver your request directly to the debt collectors via first-class mail, or file your complaint automatically with the CFPB so that they’re no longer able to use unfair debt collection practices.

You can also check out our other credit products, including Credit Limit Increase and Clean Credit Report!

Why Choose DoNotPay to Stop Debt Collectors? 

Dealing with the unfair practices of debt collectors can be frustrating and challenging. If you're unaware of your rights, you might end up being harassed. Looking for how long does debt collection stay on a credit report? Or how can you stop the debt collectors? There is one solution, and that is DoNotPay. An online platform made to help millions of people across the globe. Have a look at the benefits that DoNotPay has covered for you. 

  1. DoNotPay can help you know whether or not the debt collector is legal. By reviewing the debt validation letter, we will help to verify everything beforehand.
  2. In case you feel the debt doesn't belong to you. We can help you file a debt verification request. All the work done is handled by the platform, so you can get the best help.
  3. Filing a complaint against debt collectors isn't an easy chore. This is where DoNotPay comes as the perfect solution. We will not only guide you through the process but also file complaints.

Wish to reap the benefits associated with DoNotPay? Sign up with DoNotPay right away!

Why Use DoNotPay to Know How Long Does Debt Stay in Debt Collection

When debt collectors come calling or threaten to bring you to court, don’t panic. DoNotPay can help you know if the debt you owe is still valid. It’s a fact because we are;

  • Fast: You don’t have to spend too much looking for information on how long a debt stays in collection until it expires.
  • Easy: All it takes are three steps to make sure that your rights are protected.
  • Successful: You can rest assured that we make the best case for you.

What Are the Other Things in Which DoNotPay Can Help You?

Dealing with how long does debt stay in collections is one task. There is a long list of other services that DoNotPay can help you with. To know more about the platform, feel free to create your DoNotPay account. Head on to our product page and choose the service that suits you.

Need Help? Get in touch with DoNotPay today & solve your queries!

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