This post originally appeared onReady For Zero.
So, before you do anything else, you’ll need to gather some more information.
As mentioned above, you should not immediately confirm ownership of the debt.
So before you do anything else, you might want to send arequest for validation of debt.
What’s a Request for Validation of Debt Letter?
Fraud such as a person putting down your social security number or identity when creating this debt.
It doesn’t have to be long, as you could see from thissample letter.
What if You Don’t Receive the Validation of Debt?
The other possibility is that the collector intends to send it, but just hasn’t yet.
Because of this, you’ll want to remain vigilant and keep tabs on the situation.
The Consumerist lists asample letterto help.
The entire dispute process can take from weeks to years so confirm you get started right away.
Ignoring the problem will only worsen yourcredit scoreand cost you money down the road.
Readthis articlefor more advice on how to confirm it.
ensure thestatute of limitationshasn’t expired on your debt.
If it has, then you’re able to send acease and desist letterto the collections agency.
c) If you truly can’t pay any amount, you might want to consult a bankruptcy attorney.
Photos byChris Potter,Andrew Wippler,Gene Han,Helga Weber.
