Filed Under: Debt Validation
This sneaky strategy serves several different masters and can be VERY effective in keeping collectors off of your back, as well as facilitating the removal of negative items from your report. Essentially, it is the process of challenging the debt with the collector who is contacting you for the money. Oftentimes this is an OUTSIDE agency who has purchased the debt, or taken it on assignment for a percentage of the balance owed. This process is where you are challenging the veracity of the account with the collector, who must, according to the FDCPA (Fair Debt Collections Practices Act) go to the ORIGINAL source to verify the details as stated. There are some timing tricks that can be applied to this technique to make the creditor STOP in his or her tracks...as well as potentially having the item disappear from your report in reasonably short order as well. A technique that really packs a profitable punch for those who know!
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About the Author
Ian Hollander is transforming the lives of a new generation of internet marketers teaching the simple but immense power of Passion & Purpose preceeding Profit. Giving Up on the Gurus: 21 Days (And 21 Ways) "Marketing Magic for the Masses" will open your eyes to the opportunities you are missing in your life, and your business! Karmic Consulting: click here to join us!