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A debt collector may not use any false, deceptive, or misleading representation or means in connection with the collection of any debt.
What proof must a debt collector provide?
A copy of the original credit card agreement with your signature. Account statements showing the debt amount, including charges, payments and interest. Documentation showing the collectors right to pursue the debt. Records demonstrating the chain of ownership if the debt has been sold.
What must a debt collector provide?
Some common synonyms of repay are compensate, indemnify, pay, recompense, reimburse, remunerate, and satisfy.
What is a debt offering?
One advantage of debt financing is that it allows a business to leverage a small amount of money into a much larger sum, enabling more rapid growth than might otherwise be possible. Another advantage is that the payments on the debt can be tax-deductible.
What are the legal obligations of a debt collector?
The amount and age of the debt: Ask for a copy of the last billing statement sent by the original creditor, the amount owed when the collector purchased the debt, the date of last payment and whether the debt is past the statute of limitations.
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