economy
What happens if a debt collector refuses to prove that you owe a debt?
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TL;DR
- Federal law allows borrowers to request verification of a debt from collectors.
- If a debt collector fails to provide verification after a timely request, collection efforts may temporarily stop.
- The debt account might be returned to the original creditor or sold to another collection agency.
- A debt collector's inability to verify a debt can strengthen a borrower's position in disputes.
- Ignoring a lawsuit is not advisable, even if the debt collector lacks proof; always respond by the deadline.
- If a debt is verified and repayment is difficult, consider debt settlement, credit counseling, or bankruptcy.
- Keep records of all correspondence and requests when disputing a debt.