Did you know that money you owe to the government can end up in collections just like credit card bills or medical debt? That’s right. Here, CNN has an exposé on the largest collector of government debt in the country.
Key Points:
- Debt collectors often get details wrong. That’s one of the reasons that 70% of people have errors on their credit reports. Combine lots of errors with an enormous bureaucracy that is difficult to deal with, and you have the recipe for prolonged battles to get errors rectified.
- Dealing with debt collectors is kind of like dealing with robots. So many processes are automated that there are few points in the process where human judgment can intervene to correct problems.
- Document everything. This may be your best defense.