04 July 2023 - 11:00Consumer expert Wendy Knowler breaks down debts you're protected by law not to settle, gives tips on what to do or not to do or say to debt collectors or creditors and the impact on your credit score.Consumer expert Wendy Knowler chats about how to handle debt collectors, as you may be paying debts you shouldn’t.She explained the law — the Prescription Act — that protects consumers from paying unnecessarily, but says not all old debts can be avoided.
She says the point of the act is to stop old debts being sold for little to debt collecting companies that add their own costs and interest and to get companies to act quickly on collecting the debts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: