To avoid making payments to creditors or debt collectors on accounts that you are not required to, I strongly suggest sending validation of debt letters. These letters require original creditors or third party debt collectors to provide you with accurate and legal proof that you do in fact owe them money. Without sending a validation of debt letter, you run the risk of being part of the abuse that is common in the credit card debt collection industry.
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.
If you think that you current credit card debt situation could benefit from sending a few validation of debt letters, which it most definitely could, you then need to get some help drafting the letters. You can do it on your own but unless you have had some experience writing these letters successfully you will most likely be disappointed with the results. Instead go online and purchase some template letters or enlist the help of a professional.
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.
If you think that you current credit card debt situation could benefit from sending a few validation of debt letters, which it most definitely could, you then need to get some help drafting the letters. You can do it on your own but unless you have had some experience writing these letters successfully you will most likely be disappointed with the results. Instead go online and purchase some template letters or enlist the help of a professional.
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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Want to discover more information about validation of debt letter, then visit Kenta Wallman's site on how to pick the best debt validation letter for your needs.
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