
How to spot debt collection scams: 8 signs to watch out for
Here’s how to find out if a debt collector is legit.
Beth Deyo has been a professional financial writer since 2019. She specializes in personal financial planning, credit repair, and insurance topics. Before her career change, she spent 14 years as a wealth manager and financial planner.
She has a Bachelor's Degree in Finance from the University of South Florida, where she graduated magna cum laude. Today, her passion lies in helping readers learn how to manage debt and credit issues and understand other complex financial topics.
Here’s how to find out if a debt collector is legit.
Consider the benefits and drawbacks of credit repair before starting a program.
Some credit repair experts suggest arranging for a pay-for-delete agreement.
Sometimes, you should keep a credit card, even if you don’t use it.
If you have poor credit and need cash fast, there are safer ways to borrow than predatory payday loans.
A credit sweep is a fraudulent credit repair tactic that disputes all negative items on a credit report at once.
A derogatory mark is a negative entry on a credit report.
Voluntary repossession won’t necessarily help your credit.