How do I dispute an incorrect debt amount?

If you believe that a debt collector or creditor has incorrectly placed an unfair amount of money in debt against you, you can dispute it. The laws for debt collection and defense in New Hampshire offer you Consumer Protection Rights. In order to dispute an incorrect debt amount, it is important to first gather all the documentation available about your debt. This includes any statements of debt or bills from the creditor, bank statements, or letters from the creditor. Once you have the documents, you can reach out to the creditor or debt collector directly to start the dispute process. When you contact the creditor or debt collector it is important to have proof that the amount stated is incorrect. The creditor must verify that the amount claimed is correct. If the debt is not correct, they must explain how they arrived at the amount and provide evidence that supports their claim. If the creditor or debt collector does not provide sufficient evidence to support the debt amount they are claiming, then you may file a dispute with the Consumer Financial Protection Bureau (CFPB). The CFPB is a government agency that provides consumer protection and regulates financial services. The CFPB will investigate the claim and help resolve the dispute. It is important to know that filing a dispute does not factor in your credit score. However, the dispute may remain on your credit report for up to seven years. If the dispute is successful, the resolution will be noted on your report.

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