Average personal loan debt: $8,018. Personal loans are unsecured debt governed by the original loan agreement and state law. If in collections, FDCPA applies. Many collection agencies lack original documentation.
Common Credit Corp Solutions Violations
Purchasing and collecting on debts beyond SOL
Inflating balances with unauthorized interest
Failing to provide complete debt validation
Personal Loan Debt Dispute Strategies
1
Demand debt validation under FDCPA
2
Check statute of limitations in your state
3
Verify the amount is correct
4
Negotiate settlement if valid
5
Dispute credit reporting errors under FCRA
Tips Against Credit Corp Solutions
Credit Corp is an Australian company operating in the US — verify they're licensed in your state
Demand the complete chain of assignment from original creditor
Check your state's debt buyer licensing requirements