Does One Have To Be In Collections To Begin Process
An account that is CLOSED will have the easiest successes, but students can complete the process even for OPEN accounts and against the original creditor.
CLOSED ACCOUNT: Any credit line that is deactivated, no activity is allowed and has been sold to a third-party debt collector. When a derogatory mark appears on the credit report, damages have been sustained by one and a lawsuit against the debt collector is valid.
OPEN ACCOUNT: Any credit line that is active, open and not sold to a third-party debt collector. One can begin the process by being a good bookkeeper and asking for proof of the bills received by mail. When they are unable to VALIDATE and provide proof of the amount owed and the original contracts, then simply use the US Supreme Court rulings we show and file suit against the original creditor as usual.