lesson-eleven
Lesson 11: Credit and Collections — What You Should Know
🎥 Watch the lesson video below. The quiz will unlock once 95% of the video has been watched.
📘 Read What You’ll Learn Before Watching The Lesson
When a debt isn’t paid for several months, the creditor may turn it over to a collection agency. This can hurt your credit score — but knowing your rights and how to respond can help minimize the damage.
In this module, you’ll learn what happens when a debt enters collections, how it affects your credit report, and the legal protections available under the **Fair Debt Collection Practices Act (FDCPA)**. You’ll also learn how to negotiate or settle debts the right way — without falling for scams.
- Understand what collections are and how they impact credit.
- Learn your legal rights when dealing with debt collectors.
- Discover how to handle or remove collection accounts responsibly.
🔒 The quiz will unlock once 95% of the video has been watched.