A few months ago,you sent a certified letter to a debt collector and requested verification of a debt the collector says you owe.You know the letter was received by the collector but you have not received a response to your request.Today,you received a letter threatening court action.What should you do?
A) Pay the debt and protect your credit rating
B) Insist that communications about the debt cease
C) Renegotiate payment terms with the creditor
D) Sue the collection agency
E) Pay half the outstanding balance
Correct Answer:
Verified
Q69: According to a consumer affairs columnist,the nation's
Q70: If you receive a phone call from
Q71: If you default on your automobile loan,most
Q72: What is the most common reason why
Q73: If creditors give you no credit for
Q75: The Federal Trade Commission enforces the:
A)Truth in
Q76: Excessive indebtedness can result in:
A)heavy drinking.
B)neglect of
Q77: The Consumer Credit Counseling Service is affiliated
Q78: Which of the following is/are a signal
Q79: Which formula dictates that you pay more
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents