Information is great. But taking small steps now can lead to big changes.
If a debt collector contacts you, don’t panic. Remember that you have rights.
Send a debt verification letter if you don’t recognize the debt, dispute the amount, or question the right of the debt collector to collect the debt. Do this within 30 days of getting the initial notice from the debt collector.
During the Next Few Months
If the debt is verified, consider setting up a debt payment plan with the debt collector.
Learn about the time limit on how long a debt collector can legally collect your debt. There is also a time limit on how long they can sue you for payment in court. This is the statute a limitations for debt in your state. Statutes of limitations vary from state to state.