What to do when a bogus debt appears on your credit report?

Source: Sheryl Nance-Nash, Special to Newsday

The last thing you need is someone purposely sticking you with a bill that’s not yours. There’s a name for such shenanigans, debt parking, which are in fact illegal.

The Federal Trade Commission says it’s the practice of placing purported debts on consumers’ credit reports without first attempting to communicate with the consumer about the debt. You may not discover it until you apply for a loan or a job and your credit score comes into play.

 

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