Do you legally have to pay back debt collectors?
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Debt collection activity has been surging over the last year, and, perhaps unsurprisingly, this uptick is occurring at a time when many borrowers' finances are already stretched thin. Higher interest rates over the past few years have helped push credit card balances to record levels , making it tough for borrowers to keep up, and inflation is adding another layer of financial stress to the mix. But when your accounts become delinquent, collection activity tends to ramp up quickly, and the
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