Facts About The Validation Of Debt Letter

by Kente Wallman on February 20, 2012

Validation of debt letters are very important to use when creditors or third party debt collectors are attempting to collect on your defaulted accounts. Creditors and third party debt collectors will not validate your account unless you send out high quality validation of debt letters. Without sending one of these letters you could end up making payments on an account that you are not legally bound to.

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.

Keep two additional principles in mind when requesting information using validation of debt letters. You need to first request all the information that is legally required to be validated and then request for even more. Creditors and debt collectors have been known to provide additional information so as to avoid any potential future lawsuits.

After learning about validation of debt letters some over eager consumers go out and whip up what they think will work as a validation of debt letter and send it to their creditor or debt collector. A few weeks later they are often found wondering why they did not get the same results as I have described. The answer is simple, these are fairly complex letters to compose, do not do it on your own if you do not have the proper experience.

As if validation of debt letters were not complex enough already, there are actually different types of letters for each stage of the collection process. When sent too late these letters can offer almost no protection. Do not delay your action especially when you have already received a notice from your creditor or collections agency on the debt that they are trying to claim. Otherwise you will get no benefit from sending validation of debt letters to them. Once again consult with someone who has prior knowledge in this field before drafting and sending these letters.

Need to get more about validation of debt letter, then visit Kenta Wallman’s site on how to choose the best debt validation letter for your needs.

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