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Dealing with Debt Collectors? Know Your Rights

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Uploaded on Jun 15, 2011

Credit.com's Gerri Detweiler shares tips on what you should and shouldn't say when a debt collector calls. Should you negotiate the debt? Should you provide your checking account or debit card information to a debt collector? Can a debt collector threaten to take you to jail? What if the debt is a 'zombie' debt, are you still legally liable? Is the debt collector breaking the law? How do you report a debt collector that has broken the law under the Fair Debt Collection Practices Act? Gerri answers these questions and more on ABC. For more information on this topic, check out http://www.credit.com/blog/2010/11/in... &
http://www.credit.com/blog/2011/04/el... at Credit.com.

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