Debt Collection Rights Explained

Summary

If you believe a debt collector is overcharging you, you can dispute the debt under the Fair Debt Collection Practices Act. In Michigan, the statute of limitations for debt is 6 years. If the debt is from 2008, it might be beyond this limit. Request a detailed account statement and, if unsatisfied, file a complaint with the Michigan Department of Insurance and Financial Services. Entering a repayment agreement may reset the statute of limitations. You have the right to request repayment information, and if your request goes unanswered, consider filing a complaint or consulting a lawyer.

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I am dealing with a debt collector who i believe is overcharging me. I think the debt has been paid
Hello ****, it's important to know your rights in this situation:
- Under the Fair Debt Collection Practices Act, you can dispute the debt if you believe it's not yours.
- In Michigan, the statute of limitations for debt is 6 years.

Could you provide more details about the debt? For example, when it was incurred and any payment history?
it is from * and has been sold to this company. I have been garnished many times and the company willnot provide record of how much has been received against the debt
Hello ****, if the debt is from *, it might be beyond the statute of limitations in Michigan. Here are a few steps you can take:
*. Request a detailed account statement.
*. If unsatisfied, file a complaint with the Michigan Department of Insurance and Financial Services.
*. Consult a lawyer for further assistance.
Remember, this is general advice and might not fully apply to your situation.
what if i entered a repayment agreement
If you entered a repayment agreement, it may reset the statute of limitations depending on the terms. It's important to:
- Review the agreement carefully
- Consult a lawyer to understand its impact
- Remember, any payment towards the debt can also reset the statute.
Do i have a right to the repayment informastion
Yes, ****, you have the right to request repayment information from your debt collector. They are legally obligated to provide a detailed account of your debt payments under the Fair Debt Collection Practices Act. If they fail to do so, consider reaching out to legal authorities.
i have made a request without response
****, if your request for repayment information has gone unanswered, you can:
- File a complaint with the Michigan Department of Insurance and Financial Services
- Consult with a lawyer to discuss potential legal action.
Remember to keep all your correspondence as evidence.