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Phoenix Credit Repair Service stops old debts
August 02, 2010
Credit Tips of the Month
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Old debts can find new life when sold. Are you being haunted by debt that 3 years, 6 years, 8 years and older? If so, you have rights that can stop such collection attempts and get the NEGATIVE CREDIT REMOVED. The statute of limitations governs the time frame in which a collector is legally able to collect previous debts. However, collection companies violate such statutes knowingly and willingly all the time in order to try and renew time the frame. The fact is, there are thousands of borrowers being pursued for a balance that has expired. Such claims are routinely sold on debt collection websites, where out-of-state debt is for sale for a penny or less on the dollar.In most states, it is legal for collectors to pursue out-of-state debt as long as they do not file a lawsuit or threaten to do so. But some lawsuits are filed anyway, and consumer groups and even some industry consultants argue that collectors routinely harass debtors for unpaid balances that have exceeded the statute of limitations. Further, in some cases, collectors have even added unlawful fees and interest to the alleged owed debt. Our CREDIT REPAIR TEAM that services the greater Phoenix area can help you exercise your rights and FIX YOUR CREDIT by legally removing such old debt from your credit reports and stop such unlawful practiices. Give Credit Team USA a call before you pay one penny on any of your older debts.
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Phoenix Credit Repair Service stops old debts
Aug.02, 2010
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