Top 5 Rules when: Getting a collection letter
1. Don't get fooled by words like "Firm or Group" etc. Check if the “firm” (Smith, Jones & Thompson) is really a law firm – or just a collection firm with a tricky name to fool you. You can search for their license to practice law in your state by going to: www.llrx.com/features/lawyerlicenses.htm
2. If they are a law firm – see if they are even licensed to practice law in your state. If not, the letter might as well be from Joe Nobody.
3. Check your local court online and see if this law firm and their client has current court filings filed against consumers. If they don’t sue – they don’t sue.
4. If they are actually suing people in your own back yard, consider moving, prepare to settle, or prepare to intelligently, legally defend yourself.
5. The smartest negotiating tactic thing to do before settling a “Recent” debt is to document (certified mail or email) a “dispute” as to the total amount of monies owed. Be precisely this general with this wording of specifics. Independently, a summary judgment (automatic/no trial verdict) requires that the defendant not had a previous dispute as to the alleged amount of monies owed prior to the inception of the lawsuit.
If you would like more advice, visit us at creditcrb.com. We are happy to help.
Legal disclaimer: This content is not formally asserted as legal advice, cannot be construed as legal advice, and only an attorney within your state is authorized to give legal advice.
About the Author
The Credit CRB team has been caring for people's credit and solving their debt situations for the past 15 years. Our advice helps with having more powerful credit, knowing when and how to get it, settling dispute debt for pennies on the dollar, business credit building and funding, are all invaluable tools to strengthen everyone's financial situation
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