21 What Is The Best Way

21. What is the best way to deal with collectors?
In 1977, a consumer law was passed by Congress called the Federal Fair Debt Collectors Practices Act to protect you from unfair collectors. The law technically only applies to collection agencies, but later court cases make most creditors also abide by the FFDCPA.
22. Explain the steps to take if you find an error on your credit report?
1. Keep an eye on your report
2. Document the error
3. Contact a third party for assistance
4. Take a deep breath
5. Remain aware
23. List some precautions to take to help safeguard against identity theft?
1. Tear all unnecissary mail into pieces.
2. Mess up anything with SSN and DL number.
24. Describes some common tactics used by collectors. Why do they use these?
1. Urgent letters and warning phone calls
2. Garnishment or liens
3. Threats about impending lawsuits
4. Law enforcement impersonation
5. Outright harassment
25. Refute the myth, “ I need to build my credit score.”
The FICO score is an “I love debt” score and is not a measaure of winning financially.