Creditors vs. debtors: Know your rights

In the field of creditors vs. debtors, creditors have the upper hand when it comes to getting information about you and using it to collect against you for your debts. Creditors are big companies that have at their fingertips a limitless amount of resources to gain as much information about you and the debt you allegedly owe. On the other hand, the average individual debtor has limited resources. This is when knowing your rights are crucial.You have the right to have access to all the information a company has about the alleged obligation. This is called a validation of the debt and is your right under Fair Debt Collection Practices Act. The creditor has to prove what they say you owe. Mistakes do happen and you should not pay what you do not legally owe.If you have been contacted by a debt collector about a debt, especially one that you are unfamiliar with, do not hesitate to contact the attorneys at the Rosenberg Law Group! We will be happy to review your credit report with you and consult about your options to settle or defend against the alleged debt.