We know what you’re going through. A debt collector has contacted you with a debt that you are not sure is legitimate. You’re on a tight budget so paying right away is not an option. A debt validation letter might just be what you need.
First, you have the right to request debt validation.
You are not alone. The FDCPA (Fair Debt Collections Practices Act) is a Federal Law that regulates debt collections and grants you the right to request debt validation, in other words, as a consumer the Federal Government has your back.
You are not against facing your obligations, however, it’s reasonable to exhaust all options available and a debt validation letter is one of them.
It’s trending. Debt validation is drawing interest from people all over the country, especially in the states of California, Texas, New York, Florida and Georgia.
Here are 4 ways a debt validation letter can help you right now:
- A debt validation letter buys you time.
Once the debt validation letter is sent, the collector must refrain from contacting you and all collection efforts must stop until sufficient evidence is presented to you. They cannot call you, email you, send you letters or list your debt on your credit report. Use this time to prepare a defense strategy.
- Avoid paying a debt that is not yours.
Mistakes happen, database errors, identity theft. Sometimes other people rack up the bills and you don’t want to be the one left holding the bag. Ask for proof, it’s your right.
- It can keep you from paying a debt you already paid.
Collection bookeeping leaves plenty of room for error. The burden is on the collector to prove that the debt remains outstanding.
- Make sure you pay the authorized collection company.
The collection agency must provide proof that they are truly acting on behalf of the original creditor. This will protect you from outdated or fraudulent claims.
Debt validation is a time sensitive matter.
The law grants you 30 days to prepare and send your debt validation letter via certified mail. If you fail to do so, your validation request might not be protected under the debt validation laws.
Making a debt validation request over the phone might not fully protect you.
What happens after the debt validation letter is sent?
If the debt collector does not respond with evidence, further collection efforts would be a violation of the Fair Debt Collection Practices Act.
Get organized: Put together a defense strategy and a find a good partner to execute it. We can help, we can provide dispute services and access to consumer protection attorneys.
Contact us, no obligation.