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We'll go over how to make a payment to a debt collection agency in this article. If you want to skip ahead, here's a rough description of the steps. 1. Double-check that you owe the amount in the first place. Even if you're ready to handle your collection accounts, you might want to slow down. First and foremost, review your credit reports to gather some important information about your debt.Errors do occur. Allowing them to happen to you is not a good idea.Credit reports aren't perfect. Lenders sometimes make errors regarding how much you owe and report inaccurate information to credit bureaus.  Is it legal for you to be harassed by a debt collector? No! According to the Fair Debt Collection Practices Act, “a debt collector may not participate in any activity in connection with the collection of a debt that has the natural consequence of harassing, oppressing, or abusing any person.” 2. Figure out how much you can afford to spend. Assume you've determined that you ...

In some cases, there is no need to be alarmed or believe that something malevolent is at work. Here are some frequent issues caused by human error that result in information from two or more persons being mixed together,  resulting in what is appropriately referred to as "mixed files": 1.  Someone enters your information erroneously during the data entry procedure by misspelling your name or unintentionally swapping the numbers in your Social Security number. 2.  Some lenders may report a financial transaction under your name rather than the extremely similar name of the genuine applicant by mistake. 3.  If your name changes or has variants, be sure you're using your legal name consistently and that you tell the three credit bureaus as soon as feasible. 4.  Even if you paid your bill to a collection agency, they may still report it incorrectly. 5  .The same debt is stated twice, or the balances are wrong. Other things on your credit report necessitate addit...