When you try to beat the collections process, your knowledge on validation of debt letter has the largest role to play. You need to properly use an effective demand letter because it is very significant when you deal with your original creditors or any type of third party junk debt collectors.
Over and over innocent debtor falls prey to their creditor or debt collector who has been heaping collections even on old debts without giving valid authentication or validation. Unfortunately your creditor and collections agency will not properly validate the account they are collecting on unless you compel them to.
If you decide to do the validation and authenticate your debt over the telephone, you should not expect to receive the results that you want because it is very unlikely that your creditor or collections agency would pay attention to your request. On the contrary your creditor will rebut your contention and will keep coming after you confronting you with one lame excuse after another as to why they do not need to validate the debt and acknowledge your requests. That is why it is very important that you make a well written debt validation letter.
Sad to say that the powerful function that debt validation letters have is less known by most of the consumers. And because of this, there is a need to educate them on how to write an all inclusive demand letter so that the average consumer that is being collected on could invoke the power of Federal law under the Fair Debt Collection Practices Act (FDCPA).
Something that is extremely important to realize as a consumer is that the FDCPA allows sending out a demand for validation. Through debt validation letters, you can determine whether or not you are corresponding with your original creditor or to a third party junk debt collection company who has no rights to collect on the debt. This is helpful because the way that you will dispute the debt when drafting the letters can be rather different depending on whom you're sending the letters to.
Another very important detail to consider is what gives the collector the right to collect and what information is required by law. It is very necessary for you to request more information than is required by Federal law under the FDCPA because at the end of the day the worst answer you would get to such a request is a no.
You can make a validation of debt letter on your own or you may opt to seek professional help. Keep in mind that sending a properly presented validation letter can be the determining factor between thousands of dollars of debt that you may have to pay in the future, whether you settle or not. When sending debt validation letters, you need to send them at the right time during the collection process. When sent too late, debt validation letters can offer almost no protection. There are actually numerous types of validation letters that can be sent at varying times all through the collection process.
Validation of debt letter are given power by the FDCPA or the Fair Debt Collection Practices Act. This Act, or law, will require all debt collectors to supply validation on every account that they are attempting collection on but only if the consumer asks for it. This Act also prohibits debt collectors from ongoing harassment following a request for validation of debt letter, unless the collector can present lawfully demonstrable validation that prove you in fact owe them money or something of value.
Debt validation is moreover very dissimilar from debt verification. Some credit collection agencies and debt loan consolidation companies use the two terms interchangeably. This is incorrect and will lead you off track from the defense that a well put together debt validation letter can offer.
A request for verification of debt is simply requiring a debt collector to confirm your name and mailing address. This type of verification does not establish in any way whatsoever that you are obligated to pay the debt collector a dime of money. As you can see this is why it is so imperative to send a validation of debt letter that is properly written, requesting the precise information needed.
Over and over innocent debtor falls prey to their creditor or debt collector who has been heaping collections even on old debts without giving valid authentication or validation. Unfortunately your creditor and collections agency will not properly validate the account they are collecting on unless you compel them to.
If you decide to do the validation and authenticate your debt over the telephone, you should not expect to receive the results that you want because it is very unlikely that your creditor or collections agency would pay attention to your request. On the contrary your creditor will rebut your contention and will keep coming after you confronting you with one lame excuse after another as to why they do not need to validate the debt and acknowledge your requests. That is why it is very important that you make a well written debt validation letter.
Sad to say that the powerful function that debt validation letters have is less known by most of the consumers. And because of this, there is a need to educate them on how to write an all inclusive demand letter so that the average consumer that is being collected on could invoke the power of Federal law under the Fair Debt Collection Practices Act (FDCPA).
Something that is extremely important to realize as a consumer is that the FDCPA allows sending out a demand for validation. Through debt validation letters, you can determine whether or not you are corresponding with your original creditor or to a third party junk debt collection company who has no rights to collect on the debt. This is helpful because the way that you will dispute the debt when drafting the letters can be rather different depending on whom you're sending the letters to.
Another very important detail to consider is what gives the collector the right to collect and what information is required by law. It is very necessary for you to request more information than is required by Federal law under the FDCPA because at the end of the day the worst answer you would get to such a request is a no.
You can make a validation of debt letter on your own or you may opt to seek professional help. Keep in mind that sending a properly presented validation letter can be the determining factor between thousands of dollars of debt that you may have to pay in the future, whether you settle or not. When sending debt validation letters, you need to send them at the right time during the collection process. When sent too late, debt validation letters can offer almost no protection. There are actually numerous types of validation letters that can be sent at varying times all through the collection process.
Validation of debt letter are given power by the FDCPA or the Fair Debt Collection Practices Act. This Act, or law, will require all debt collectors to supply validation on every account that they are attempting collection on but only if the consumer asks for it. This Act also prohibits debt collectors from ongoing harassment following a request for validation of debt letter, unless the collector can present lawfully demonstrable validation that prove you in fact owe them money or something of value.
Debt validation is moreover very dissimilar from debt verification. Some credit collection agencies and debt loan consolidation companies use the two terms interchangeably. This is incorrect and will lead you off track from the defense that a well put together debt validation letter can offer.
A request for verification of debt is simply requiring a debt collector to confirm your name and mailing address. This type of verification does not establish in any way whatsoever that you are obligated to pay the debt collector a dime of money. As you can see this is why it is so imperative to send a validation of debt letter that is properly written, requesting the precise information needed.
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Want to find out more about validation of debt letter, then visit Kente Wallman's site on how to choose the best debt validation letter for your needs.
When a collection agency contacts you and asks you to pay off a certain debt, then the first thing you need to do is to ask them to validate the debt. The letter in which you request the CA to validate the debt is known as debt validation letter. The FDCPA gives the right to the consumer to ask the CA for validation of the debt. As a consumer, you can ask the CA to send you the copies of any documents that prove that you agreed to pay the alleged amount. You can even ask them to identify the original creditor.
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