Best Bankruptcy Lawyers in Newport Beach, CA

Dispute Letter From Collection Agency The first thing you should be aware of is that collection agencies have a tendency to lie, they lie a lot. I have had people call me, and say they just got off the phone with collection agency and that they are reporting them to the police, and they are going to be arrested. Aah, no! Collection agencies are not supposed to threaten. Consumers are taking on an increasing amount of debt. The collection agency either buys debt for pennies on the dollar, or the creditor assigns the debt to them to collect the debt. The Collection Agency sends you a letter with required information, including the fact that you can dispute the debt. Dispute the debt via certified mail return receipt requested. This forces the collection agency to do some work and provide you with information such as original agreement. In my opinion if they do have this information, they are more legit than most. Most agencies will try to collect on debts which have been discharged in bankruptcy. They will just lie and say that this certain debt was excepted from discharge. They will not inform you that a debt that has not been collected within 4 years is uncollectable. (This is not true if the creditor has obtained a judgment against you). If the debt is legit and the agency is legit, then you may very well be sued in court. If your communication with the agency seems hinky check out the Consumer Financial Protection Bureau website.