Credit Law Repair lifts your spirits against debt collectors, empowering you to fight back against creditors & debt collectors’ tricks and traps to keep your credit scores LOW!
Debt collectors are relentless! They call and call and call, sometimes using “Free Trip” on your Caller ID just to get you to pick up.
Sneaky bast*rds!
Some (it seems like all) debt collectors intentionally violate your rights…they try to scare, intimidate, annoy or even SUE to squeeze money out of you.
You CAN get sued for unpaid debt!
*NOTE* In case you aren’t aware, if you’re sued, always respond to the Summons. Please do not ignore it. I recommend contacting an attorney affiliated with the National Association of Consumer Advocates (@ www.naca.net) if you’re sued.
A Judgment Creditor who sues you and wins still must take additional court action to (garnish) your wages or (levy) your bank account or even (lien) your house.
Placing a lien on your home only works in a couple states, NOT including Florida where your primary home is protected under Homestead Exemption. However, there’s good news afterall….
THE GOOD NEWS
The GOOD news, after getting you all depressed, is that with just a bit of credit law, you can fight back against debt collectors.
Currently, 82 million people suffer from bad credit. Debt collectors know the odds are in their favor…that you don’t know a damn thing about your credit rights.
Therefore, debt collectors regularly violate your rights.
Yes, it’s true. Debt collectors violate your rights often enough to justify as chump change the large settlements they pay to the Federal Trade Commission for violating your rights as they go right back to business as usual.
Question 1: What is re-aging and is is bad?
Re-aging is the act of changing the Date of First Delinquency (often called the Date of Last Activity) to make a tradeline (account) appear more RECENT than it really is. Whether done intentionally or unintentionally, it’s illegal! Yes, it’s bad for you but good for the debt collector.
In Virginia (and other states) no such re-aging is legally permitted and when creditors, collection agencies or even credit bureaus re-age your account by FALSELY updating the date of last activity on your credit reports, you gain the upper hand.
A few consumer (UN)friendly states commence SOL on the date of last activity, yet most states use the Date of First Delinquency when determining SOL on collecting or reporting.
In Florida, for instance, the SOL on most types of accounts is 4 years, i.e. on “open” or credit card account.
| Creditors, Collection Agencies, or Credit Bureaus that ‘re-age’ your account by falsely updating the date of last activity on your credit report to keep negative information longer on your report | Consumer protection provided in the FCRA | FCRA § 605 (c) | Statutory damages of $1,000 for each proven violation |
For reporting this bad account that will go from inside collections to charge-off to outside collections to junk debt buyers, In 7 1/2 years this account, should you not get sued or settle it, will (or should) fall off your reports.
Paying on a collection or charge off should NOT reset the statute of limitations on reporting or collecting. Further, statute of limitations should not reset when you make a payment. You must confirm with (your) state’s statutes of limitations. Paying on a charge-off or collection should NOT reset the statute of Limitations for legal action.
The only legal method for resetting statute of limitations is with a NEWLY SIGNED (by both creditor and debtor) contract agreements, i.e. debt consolidation contracts.
In Virginia (and other states) no such re-aging is legally permitted and when creditors, collection agencies or even credit bureaus re-age your account by FALSELY updating the date of last activity on your credit reports, you gain the upper hand.
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Know the Statute of Limitations on each type of account you’re trying to improve.
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Confirm the account is within or outside statute of limitations.
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If within SOL, how much time before the SOL expires?
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If outside SOL, what proof do you have to confirm the account is time-barred (that is, SOL has expired)?
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Debt collector still can sue you, despite a time-barred (outside of SOL) account. You simply will need to respond to the Summons and show the judge this account is beyond the SOL.
You now have THEM in a documented violation under Fair Credit Reporting Act–statutory damages of $1,000 per proven violation.
Can you imagine what leverage this gives you when PROVING a violation?
*Note* A “FURNISHER” is defined as the the one reporting your bad credit account, i.e. Original Creditor, debt collector or junk debt buyer. Only ONE furnisher can report at a time. Got it? Good.
Here’s a little challenge for you: grab one of your credit reports and use credit law repair to find at least one account that’s been re-aged. Yep, I know it’s hard to believe, but that’s just how pervasive it is. Chances are, you have one or more re-aged accounts on your reports…great for you, bad for them.
Now you know why 1,000s have smiles from ear to ear after using my videos & book, “The Busy Person’s Credit Makeover,” to take control of their own credit situation and strategically “mine for deletions.”
Yes, you really CAN fight & win against re-aging and all other tricks and traps debt collectors commonly throw at you!
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