A collection is often ballooned into a larger sum than the original amount owed.

A single collection account, with just a few dollars owed, can reduce an otherwise excellent credit score by as much as 150 points. The impact of collections accounts is extremely negative.

As you probably know, a weak credit score, carries a high cost. You might not qualify for a mortgage or car loan – or if you do, you’ll be forced to spend thousands of dollars extra. Most landlords only want to rent to those with at least OK credit, which seriously limits your rental options. Few credit card issuers will work with you, and those who do often charge outrageous interest rates, and offer few rewards.

In this book, you will learn the best practices to resolve and remove a collection account from your credit reports. We’ll share legal insights and protection allotted by federal and state law. What you rights are and what debt collectors can do and can’t- even how to stop their advances.