Hey there, Yusheeka Gray here with DIY Credit, and I am back to talk to you about the second federal statute that can be used to add up to 200 plus points to your credit scores. Okay, so I've already talked about one in another video regarding the Fair Credit Recording Act, aka the FCRA. But in this video we're going to discuss the Fair Debt Collection Practices Act aka, the FDCPA, and this particular statute actually governs collection agencies. Okay, so there's two particular sections that I want to focus on in this video. One of them is section 809B. Which can be used against collection agencies when they refuse to send you validation of the debt, and yet they are still reporting it on your credit reports. The law says they can't do that. So that's one section that you can use. And then the other one is section 8078, which also requires, just like the FCRA does for the creditors. This particular statute requires the collection agencies to update your account to an “in dispute” status once you actually dispute an account.
And if they don't, then guess what? You have the right to require them to remove that account from your credit reports. So I hope this has been helpful to you. I hope you learn something new here that you can use in your future disputes. And of course, if you have any questions about your credit or about this video, please don't hesitate to reach out.
You can click the link below to request a free victory consultation or just to reach out to us to ask questions, or you can also give us a call at (803) 240-8344 or (803) 784-8100. Thank you so much for watching, and bye for now.
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