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Personal Debt Collection Attorney
If a third-party collection agency is calling you about a debt you did not manage to pay, you’re in good company. The Consumer Financial Protection Bureau reported that 28% of all American consumers have a third-party collection or two on their credit report. At least half of the delinquent accounts placed in collection are new, placed within the last few months. The collection agency can appear on your credit report for seven years. If your goal is to improve you financial health and save your reputation and credit score, our debt collection attorney may be able to help you.
If it seems unfair to you that your creditor did not contact you while you were recuperating from your accident but struck as soon as you went back to work, your creditor did not waste time calling while you were out of work, or considered you. Your creditor hopes to be first paid now that you’re back to work, but your creditor is bound by the Fair Credit Reporting Act. A debt collector can even sell your debt to another agency. The new collections agency can report your debt with the date that the debt was purchased, but the debt must be deleted from your credit report seven years after it was incurred.
If your unpaid debt is the result of a personal injury accident, any healthcare provider, hospital, or emergency care facility that offered you emergency medical treatment can put a medical lien on your personal property, your home, or your vehicle. Hospitals must file their lien in the land office of the county where the hospital is located within 180 days after the patient’s treatment.
Medical liens remain on your property until it is sold when the healthcare facility collects the amount of the lien from the proceeds of the sale. An individual doctor’s lien can be sold to a financial intermediary that makes your medical debt a finance company’s asset. Intermediaries look for an insurance policy with high limits and a staunch personal injury lawyer to work with. The intermediary holds your lien. The intermediary can demand two thirds or full payment for the debt from your personal injury settlement.
Massachusetts Debt Collection Attorney
Our Boston commercial collection lawyers have helped personal debt collection clients for more than 50 years. Our debt collection lawyer may accept your case on a contingency basis. Our Massachusetts commercial collection lawyer can usually negotiate an equitable settlement beneficial to you and your creditor. Our debt collection attorney can take your dispute into a Massachusetts small claims court if necessary to obtain an acceptable payoff figure for an outstanding debt. Our debt collection attorney can help you clear liens from the deed to your property and collect on judgments owed to you. Our debt collection attorney may be able to collect your personal injury judgment, even if the motorist who hit you was unemployed and uninsured.
Your Rights With the Collection Agency
You have 30 days from the initial date that you were notified that your debt is in collection to dispute the amount or demand an accounting. You can attempt to agree to a reasonable payment plan or ask that the bill be reduced so that you can pay it in full. You may be able to get interest and fees removed from the bill or find an error in the creditor’s accounting to get your debt reduced or to get reimbursed for fees erroneously added to your account. Debt has a statute of limitations. Our debt collection attorney can advise you of your rights. Typically, debts stay on your credit report for several years. Foreclosures, repossessions, and judgments stay on your credit report much longer.
Fair Debt Collections Practice Act
You can report unfair debt collection practices to the Federal Trade Commission (FTC). Unscrupulous debt collectors have harassed their customers with unfair demands, menacing phone calls, and deceptive practices. It’s easy for a collection agency to accept your payments and not apply a single penny to the principal loan balance. If the debt is not even your debt, you can send the collector a cease and desist letter in writing and report the collection agency to the FTC on a complaint form. Your creditor will generally add a paid in full note to your credit report as you pay the debt in full. Our highly-respected debt collections lawyer may be able to get the creditor to remove the item from your credit card completely.
Improve Your Credit Score
Remember, debt collectors and collection agencies hire well-trained well-qualified employees. Before you decide to call the collection agency, decide what to do. Try having all your bill payments automatically deducted from your account on a regular basis. If you can use a low limit credit card, pay it in full every month. You may be able to increase your credit limit on the card while paying on your other arrearages. You can report payment of your rent and utility bills to your credit bureau to bolster your credit rating. You can use a secured credit card to strengthen your credit and improve your spending habits.
Goldberg and Oriel
Call our Massachusetts debt collection attorney for a free consultation in our conveniently located Boston office. Our Massachusetts commercial collection law firm can help you solve your financial problems. Our law firm offers sage advice, negotiates equitable financial solutions, and relieves you of possibly overwhelming collection matters. Our attorneys are linked to a private investigator’s network. We can locate debtors in all 50 states, and we enjoy mentoring new clients. Our debt collection attorneys will bring you peace of mind while they preserve your rights.