#010 How to Handle Collection Accounts with Confidence

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In this episode, I dive into a topic that often causes stress and confusion: collection accounts. If you’ve ever received a call or letter from a debt collector, you know how overwhelming it can be. But knowledge isn’t just power—applied knowledge is power! Today, I will break down how collections work, your rights, and the steps you can take to handle collections confidently.

What You’ll Learn in This Episode:

✅ How accounts end up in collections

✅ The statute of limitations on debt

✅ Your rights under the Fair Debt Collection Practices Act (FDCPA)

✅ The debt validation process and how to dispute inaccurate collections

✅ Negotiation strategies to settle debts for less

✅ Common tactics collectors use (and how to avoid falling for them)

✅ Actionable steps, including communication templates and settlement tips

Resources Mentioned:

📌 ConsumerFinance.org – Know your rights under FDCPA

📌 Debt validation and cease-and-desist letter:  https://www.greenwealthlegacy.com/Collectionletter templates

📌 Check your state’s statute of limitations on debt

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