You have 30 days after a collection agency has contacted you in writing to ask for proof of the debt, says John Ulzheimer, a contributor to CreditSesame.com.
Should that month have passed, try negotiating with the shipper.
No luck? Your best choice (albeit unfair) is to give in. If the company still owns the debt, paying it may keep the claim off your credit report. If the shipper has sold the debt, though, the claim will stay even if you pay.
Why worry about a collections claim? Having one could ding an 800-plus FICO score by 200 points, raising rates with lenders and maybe insurance premiums too.
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|30 yr fixed||4.36%||4.24%|
|15 yr fixed||3.39%||3.26%|
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|15 yr refi||3.38%||3.24%|
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