Understanding how to use the validation of debt letter is crucial for anyone who is trying to eliminate his or her credit card debt in a timely manner. Validation of debt letters is helpful when used properly when dealing with original creditors or third party debt collectors. To be sure that you are protected from any unwarranted collection efforts, you need to send validation of debt letters to every creditor or debt collector you are dealing with.
Some consumers will attempt to get validation information from their creditor or third party debt collector over the phone. This never works. For a creditor or debt collector to be legally bound into validating all information on your account, there must be proof of your request for validation in writing. Without written proof it will be easy for the creditor or debt collector to say that they were not notified of the request for validation.
Validation of debt letters needs to be adjusted to each specific situation in order to get the best results. For example, sending a validation of debt letter to an original creditor will be quite different from sending a validation of debt letter to a third party debt collector.
There are two more important considerations to make when drafting your validation of debt letters. First, be sure to research under the FDCPA or Fair Debt Collection Practices Act to know everything you are legally entitled to request. Second, ask for more information than you are required because the worst answer you will get is no answer.
In the previous paragraphs I might have made it seem like you can draft up a validation of debt letter without much thought. This is not entirely true. If you have not had experience successfully drafting these letters before, I strongly suggest getting some expert help or purchasing some template letters online.
Here is one final word of advice when it comes to writing and sending validation of debt letters. Be sure you take into account what stage of the credit card debt collection process you are in when sending your letter because the formatting and composure of the letters can be quite different depending on where you are in the collections process.
Some consumers will attempt to get validation information from their creditor or third party debt collector over the phone. This never works. For a creditor or debt collector to be legally bound into validating all information on your account, there must be proof of your request for validation in writing. Without written proof it will be easy for the creditor or debt collector to say that they were not notified of the request for validation.
Validation of debt letters needs to be adjusted to each specific situation in order to get the best results. For example, sending a validation of debt letter to an original creditor will be quite different from sending a validation of debt letter to a third party debt collector.
There are two more important considerations to make when drafting your validation of debt letters. First, be sure to research under the FDCPA or Fair Debt Collection Practices Act to know everything you are legally entitled to request. Second, ask for more information than you are required because the worst answer you will get is no answer.
In the previous paragraphs I might have made it seem like you can draft up a validation of debt letter without much thought. This is not entirely true. If you have not had experience successfully drafting these letters before, I strongly suggest getting some expert help or purchasing some template letters online.
Here is one final word of advice when it comes to writing and sending validation of debt letters. Be sure you take into account what stage of the credit card debt collection process you are in when sending your letter because the formatting and composure of the letters can be quite different depending on where you are in the collections process.
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