It is very important you contact us if you are contacted by a collector regarding a disputed debt. Collection agencies are by definition third parties that have little to no knowledge of the agreement between you and the original creditor. None-the-less these agencies are allowed by law to report that you owe money. Worst of all, federal law protects these agencies even if they misreport information such as false or fraudulent debts. Moreover, this misreporting can have a huge impact on your personal finances and your ability to obtain credit.
For example, on April 1, 2012 borrowers in ongoing disputes with creditors over debts of $1,000 or more may no longer qualify for FHA-insured loans. Even borrowers with perfect credit scores can be denied home mortgages over a single $1,000 problem charge! See http://money.cnn.com/2012/03/30/real_estate/FHA-loans/index.htm for more information.
Our attorneys and staff can help you avoid this and other issues with disputed debts, however, it is important to contact us early in the process. Some of your rights may expire in as little as 60 days after you are notified of a disputed charge. When you contact us we will review your case and determine if we can help. If your case is accepted we will contact the collector and alleged creditor and determine if legal action is appropriate.