<prompt> Human: So, theres a post going around my facebook friends claiming the following:If your original creditor sold your debt to a collection agency, they also wrote off your debt on their taxes which wrote off your obligation to pay. you can dispute the transaction via dispute.transunion.com along with any other collection agency owned items lingering on your report. Your dispute reason is contract was cancelled and write NO CONTRACT in the dispute comments. I have cleared THOUSANDS off my own report and have been working to help my friends and fmaily do the same! for FREE! Peace and love to all! Knowledge is power!Now, Im pretty sure this is not legit at all--otherwise there wouldnt be a debt collection industry. But can anyone point me to exactly why this is bad advice? Or, on the off chance Im wrong, explain to me why this isnt common knowledge?  <response>: Not a legitimate way to cancel debts. What is probably happening is the fact that they are disputing it regardless of whatever they write as the reason triggers the debt collector to have to prove they own this debt and you owe it. many debt collectors cant do that because of poor record keeping. They dont have the paperwork to prove it. So the debt gets cancelled. Disputing it got rid of the debt, but not for the reason they thought. 