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    Sample Debt Validation Letter For Debt Collectors

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    gabby maca
    This document provides information about disputing debts with collection agencies. It explains that consumers have the right to request validation of a debt within 30 days of initial contact from the collector. It includes a sample debt validation letter that requests details about the original creditor, amount owed, interest charges, and the collector's licensing information. It advises that collectors must stop collection efforts until providing proof of the debt. It notes consumers should determine if the debt is within the statute of limitations and decide how to proceed, which may include paying, negotiating a settlement, or ignoring the debt.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Sample Debt Validation Letter For Debt Collectors

    Uploaded by

    gabby maca
    273 views7 pages
    This document provides information about disputing debts with collection agencies. It explains that consumers have the right to request validation of a debt within 30 days of initial contact from the collector. It includes a sample debt validation letter that requests details about the original creditor, amount owed, interest charges, and the collector's licensing information. It advises that collectors must stop collection efforts until providing proof of the debt. It notes consumers should determine if the debt is within the statute of limitations and decide how to proceed, which may include paying, negotiating a settlement, or ignoring the debt.

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    Sample Debt Validation Letter for Debt Collectors

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    This document provides information about disputing debts with collection agencies. It explains that consumers have the right to request validation of a debt within 30 days of initial contact from the collector. It includes a sample debt validation letter that requests details about the original creditor, amount owed, interest charges, and the collector's licensing information. It advises that collectors must stop collection efforts until providing proof of the debt. It notes consumers should determine if the debt is within the statute of limitations and decide how to proceed, which may include paying, negotiating a settlement, or ignoring the debt.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    273 views7 pages

    Sample Debt Validation Letter For Debt Collectors

    Uploaded by

    gabby maca
    This document provides information about disputing debts with collection agencies. It explains that consumers have the right to request validation of a debt within 30 days of initial contact from the collector. It includes a sample debt validation letter that requests details about the original creditor, amount owed, interest charges, and the collector's licensing information. It advises that collectors must stop collection efforts until providing proof of the debt. It notes consumers should determine if the debt is within the statute of limitations and decide how to proceed, which may include paying, negotiating a settlement, or ignoring the debt.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7
    At a glance
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    The key takeaways are that consumers have the right to request validation of a debt within 30 days of contact by a debt collector. Sending a debt validation letter requires the collector to stop collection efforts until they provide proof of the debt.

    A consumer has the right to request validation of the debt within 30 days of contact. They must make this request in writing and the collector cannot contact the consumer until providing proof of the debt.

    A debt validation letter should reference the initial contact, request validation of the debt, and request specific information like the original creditor details, account number, amount owed and age of debt. It should not admit to owing the debt.

    BUDGETING MANAGING YOUR DEBT

    Sample Debt Validation


    Letter for Debt Collectors
    Use this letter to dispute a debt collection
    you're unsure of
    BY LATOYA IRBY REVIEWED BY SOMER G. ANDERSON

    Updated March 23, 2021

    Image by Theresa Chiechi © The Balance 2019

    Not every debt collector who contacts you is


    attempting to collect a legitimate debt. Sometimes
    debt collectors scam consumers into paying debts
    that aren't real or perhaps have already been paid. [1]
    The Right to Request Validation

    Federal law gives you the right to request a debt


    collector provide proof that you owe a debt. [2] It's
    the best way to ensure that you're not paying a debt
    you don't owe or a debt that the collector isn't
    authorized to collect on.

    The debt validation request is time sensitive. You


    must make your request in writing within 30 days of
    the debt collector's initial contact with you. If you
    wait more than 30 days, your validation request may
    not be covered under debt collection law.

    Your rights are not protected if you make your debt


    validation request over the phone. Don't worry if you
    don't know what to say in a letter; there's one below
    that you can use as a template.

    Once you send a request for proof, also called a debt


    validation letter, the collector must stop collection
    e orts until they've sent su cient proof of the debt.
    It means they cannot call you, send you letters, or
    list the debt on your credit report. [3]

    How to Write a Debt Validation Letter


    In the letter, reference the date of the initial contact
    and the method, for example, "a phone call received
    from your agency on April 25, 2019." You also need to
    provide a statement that you're requesting
    validation of the debt. Do not admit to owing the
    debt or make any reference to payment.

    Send your letter via certi ed mail, so you have proof


    of when the letter was mailed and received. [4]

    Re: Account Number

    Thi l tt i t i t [
    This letter is sent in response to [a
    letter/phone call] I received on [date
    you received the letter/call]. I am
    requesting that you provide verification
    of this debt.

    Please send the following information:

    The name and address of the original


    creditor, the account number, and the
    amount owed.

    Verification that there is a valid basis


    for claiming I am required to pay the
    current amount owed.

    Details about the age and amount of the


    debt including a copy of the last
    billing statement from the original
    creditor; a detailed explanation of any
    interest added or payments made since
    the last billing statement and the legal
    authorization for this interest; the
    date the original creditor claims this
    debt became delinquent.

    Please also note whether this debt is


    within the statute of limitations and
    how that was determined.

    Please also forward details about your


    authority to collect this debt: whether
    you are licensed in my state and if so
    provide the date of the license, name on
    the license, license number, and the
    license number, and the name, address
    and telephone number of the state agency
    and telephone number of the state agency
    issuing the license. If you are

    contacting me from outside my state,


    provide the licensing information from
    your state as well.

    Sincerely,

    Your Name

    The Debt Collector's Response to Your


    Validation Request
    If the debt collector does not send you proof of the
    debt, any future collection e orts are in violation of
    the Fair Debt Collection Practices Act. Note that your
    account may be assigned or sold to a new debt
    collection agency. In that case, your validation
    request from the previous collection agency does
    not apply. [2] [5]

    Otherwise, if the debt collector does send proof,


    determine whether or not the debt is within the
    statute of limitations, and then decide how you want
    to proceed. [6] Paying the debt, takes care of the
    obligation for good. You may be able to negotiate a
    settlement for less than the full balance due. [7]
    Finally, if the debt is outside the statute of
    limitations for your state, you can ignore the debt if
    you have no interest in paying it, but keep in mind
    that collection e orts can continue inde nitely.

    ARTICLE SOURCES
    MANAGING YOUR DEBT
    MANAGING YOUR DEBT
    What Is a Debt Collector?
    How Debt Collectors Try to Collect
    Nonexistent Debt

    MANAGING YOUR DEBT MANAGING YOUR DEBT

    Your Consumer Rights With Debt How to Handle Debt Collector Calls
    Collectors About a Paid Debt

    MANAGING YOUR DEBT

    Here Is a Look at the Debt Validation


    MANAGING YOUR DEBT
    Requirements for Collectors
    Who's Calling You? A Debt Buyer or a
    Debt Collector?

    MANAGING YOUR DEBT MANAGING YOUR DEBT

    3 Ways to Deal With Time-Barred Why is a Collector Calling on a Debt


    Debts That's Not On My Credit Report?
    MANAGING YOUR DEBT MANAGING YOUR DEBT
    How to Pay O a Debt in Collection You Sent a Cease and Desist, But the
    Collector Still Calls. What to do...

    MANAGING YOUR DEBT


    Why Collectors Can Call When You're
    MANAGING YOUR DEBT
    on the Do Not Call Registry
    What Is Zombie Debt?

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    CAREERS CALIFORNIA PRIVACY NOTICE

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    ALSO FROM THE BALANCE TEAM

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