Sentences with phrase «legally uncollectible»

If a debt collection company can't supply accurate information and complete documentation after a debt is disputed through debt validation — the debt becomes «legally uncollectible.»

If they fail to do so, the debt becomes legally uncollectible and invalidated.

Zombie debts include debts that are either legally uncollectible, already paid off, already discharged in bankruptcy, possibly no longer legally collectible due to the statue of limitations, etc....

The concept of how a lawyer can get a speeding ticket dismissed is similar to how debt validation can prove a debt to be legally uncollectible.

If the debt collection agency can't prove, they have the legal authority to collect on a debt — the debt becomes legally uncollectible.

Debt Validation Technicalities — «Get a Debt Dismissed» Vs. «Proving it to be Legally Uncollectible.»

A legally uncollectible debt is on that you DO N'T HAVE TO PAY.

Example of Debt Validation Proving a Debt to be «Legally Uncollectible» (Original Creditor: Citibank) & Getting the Debt Removed From the Consumer's Credit Report

If the debt collection company can't validate the debt, the debt becomes legally uncollectible.

If any information is inaccurate and any records or documents are missing — the debt becomes legally uncollectible.

With debt validation, your debt could be proven to be legally uncollectible — one that does nt have to be paid and it can no longer legally remain on your credit report.

If the debt elimination company tells you that you no longer have to pay your debts because they are legally uncollectible, this generally means one of two things.

Debt Validation — a way to dispute debts — proving a debt to be legally uncollectible (as a bi-product of debt validation, third - party debt collection companies can be forced to remove the debts from a person's credit report if they can not validate the debt)

You are disputing your debt with a debt validation program so that it becomes «legally uncollectible» — and you may not have to pay it.

Now with debt validation, the debt is not dismissed, but it is proven to be legally uncollectible in some cases, and a legally uncollectible debt is one that you don't have to pay and it can not be legally reported on your credit report.

Also, a debt collection company can not report a debt on your credit report once it becomes legally uncollectible.

-- To prove the debts to be legally uncollectible so that you don't have to pay them (the debts will still exist, but they will remain legally uncollectible)

Once a debt is proven to be «legally uncollectible» the creditors can no longer report the debt to the credit reporting agencies (legally anyway).

The debt becomes legally uncollectible.

A legally uncollectible debt is one that you don't have to pay, despite the empty threats that the debt collector may throw at you.

A legally uncollectible debt is one that you don't have to pay, and it can not legally be reported to the credit reporting agencies.

The debt becomes «legally uncollectible» if the debt collection company can't prove that they are abiding by all of the laws and maintaining accurate paperwork on your behalf.

Any law firm or third - party debt collection company must abide by these rules and provide the necessary documentation and accurate information to validate, verify and prove the validity of an alleged debt — and if they can not the debt may become legally uncollectible.

With private student loan debt you may settle these accounts, or utilize debt validation to prove the debts to be legally uncollectible.

The debt becomes «legally uncollectible», but it still exists.

Debt validation makes the debt legally uncollectible but it does not get dismissed.

The goal is to get the debt proven to be legally uncollectible — so you don't have to pay it!

They simply sell these debts at a reduced price (sometimes as low as 5 cents on the dollar), knowing that if challenged, the third - party debt collection company may lose money due to the debt being legally uncollectible.

Private student loan debt can be disputed through debt validation and often proven to be «legally uncollectible».

If the lender hasn't been to court and won a judgment by the end of the limitation period, the debt becomes legally uncollectible.

So when disputed, the private student loan lenders can't validate they own the loan and the debt becomes legally uncollectible — meaning you don't have to pay it.

D. Licensed to collect on debt; If they can't provide their license, the debt becomes legally uncollectible, meaning — you don't have to pay it!

Debt validation can dispute your debts, potentially turning them into legally uncollectible debts.

A legally uncollectible debt is one that you don't have to pay.

If they can't prove it or if they added in unauthorized charges to come up with that amount — the debt becomes legally uncollectible.

A legally uncollectible debt is one that you don't have to pay, and the debt collection company can no longer legally report the negative marks on your credit report.

When the debt collection agency is not able to prove that they have legal authority to collect on a particular debt — the debt becomes legally uncollectible.

Often, debt collection companies can't prove a debt to be valid and the debt becomes legally uncollectible.

If the debt collection agency can't prove they have the legal authority to collect on a particular debt — the debt becomes legally uncollectible.

A legally uncollectible debt is one — you may not have to pay.

Like a speeding ticket getting dismissed, third - party debt collection accounts can be proven to be legally uncollectible, meaning you don't have to pay it!

Therefore if they don't, or if they are in breach of contract, this could lead to a debt being legally uncollectible, in which you don't have to pay it.

When a debt collection company is asked to provide certain documentation and accurate information (examples: their debt collector license to collect on debt in a certain state or accounting statements) and they CA N'T PROVIDE the requested items or if they provide inaccurate information, the debt becomes legally uncollectible and you don't have to pay it!

Not exact matches

If the debt collection company fails to produce any of the items they are legally required to maintain after you request it, the debt becomes legally «uncollectible.»