Comments on: Sample Statute of Limitations Dispute Letter http://creditrepairanddebtsolutions.com/sample-statute-of-limitations-dispute-letter/ Bad Credit Repair | Debt Management Solutions Sun, 25 Jul 2010 13:37:36 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Nate http://creditrepairanddebtsolutions.com/sample-statute-of-limitations-dispute-letter/comment-page-1/#comment-750 Nate Tue, 11 May 2010 01:03:16 +0000 http://creditrepairanddebtsolutions.com/?p=83#comment-750 Bad debt collection is rapidly becoming a lucrative business for junk debt buyers (JDBs), also known as “zombie debt collectors”. Junk debt agencies have become very visible these days with the apparent profitability of this newly discovered trade. In fact, JDBs now range in size from small private business with sporadic clientele to huge million dollar concerns in Wall Street, no less. The general idea is for these junk debt buyers to buy debts that are often “out-of-statute” and no longer (legally) needs to be paid. You should be aware of your rights and the laws that can protect you, as a growing number of these debt buyers are hardly operating within lawful parameters. Typical unacceptable JDB practices in attempting to collect debts that have already passed the statute of limitations include harassment or verbal abuse; pursuing debts that the consumer in question isn’t liable for; multiple listing of the same debt. Also frequently done is the “re-aging” of accounts, which means that they report it as more current than it actually is. Bad debt collection is rapidly becoming a lucrative business for junk debt buyers (JDBs), also known as “zombie debt collectors”. Junk debt agencies have become very visible these days with the apparent profitability of this newly discovered trade. In fact, JDBs now range in size from small private business with sporadic clientele to huge million dollar concerns in Wall Street, no less.

The general idea is for these junk debt buyers to buy debts that are often “out-of-statute” and no longer (legally) needs to be paid. You should be aware of your rights and the laws that can protect you, as a growing number of these debt buyers are hardly operating within lawful parameters.

Typical unacceptable JDB practices in attempting to collect debts that have already passed the statute of limitations include harassment or verbal abuse; pursuing debts that the consumer in question isn’t liable for; multiple listing of the same debt. Also frequently done is the “re-aging” of accounts, which means that they report it as more current than it actually is.

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