Sentences with phrase «send debt validation letters»

I sent my debt validation letter and haven't heard from them in 5 months.

Whether you are in debt, recently out of debt or never had any debt, if a collector contacts you to say you owe an old credit card debt or some other unsecured debt and you aren't sure they are right, it's not a bad idea to consider sending a debt validation letter.

Under the Fair Debt Collection Act, you have the right to send a debt validation letter to this collector, and they are required to respond within five days to confirm that the amount they are collecting is what you actually owe to the creditor.

I sent a Debt Validation letter via certified mail and its status is «Notice Left (No Authorized Recipient Available)» It has been in this status for a week now.

A person can also challenge a debt collection company in writing, by sending a debt validation letter to the debt collection company.

Not exact matches

Should you receive collection notices, Legacy will send a Validation of Debt (VOD) letters to your collectors demanding them to verify the information on the account they are attempting to collect on.

Within five days of contacting you, a debt collector must send out a validation letter telling you how much you owe, the creditor you owe the money to, and steps you can take if you don't believe you owe the money.

That means no more calls or letters until they send the debt validation.

However, it should be noted that if you sent a debt collector your own validation letter, they just don't take you as seriously as they do when the validation letter comes in from a third party.

Send the collection agency a certified, return receipt letter requesting debt validation and disputing the debt in part or whole, if applicable.

Then this new collection agency called ABC Collection Agency sends you a collection letter but you either trash it, or don't respond to their 30 day validation notice to «validate the alleged debt», then ABC Collection Agency has the legal right to put a new negative listing called a «collection account» on your credit reports.

The beauty of Validation is that if you send a letter Certified Mail Return Receipt Requested and the collection ageny doesn't respond, or fails to provide adequate evidence that you are responsible for a debt, that debt must (under the law) be removed from your credit reports.

UPDATE: Debt Validation letter worked, Midland Funding notified the CRA to remove such account information from my credit file and also sent me an update letter.

If the collection agency has been harassing you with phone calls or sending threatening letters, a debt validation request is a good technique to stop ALL correspondence from them until the authenticity of the debt has been validated.

Then, once you have their name and address, you can send a letter, via certified mail, that requests debt validation.

Sending the letter certified mail return receipt requested will allow you to prove you sent the letter to the collection agency in the event you decide to sue the collection agency (for example, if debt collector attempts to collect the debt from you before validating the debt after you've requested validation, you may be entitled to sue them for $ 1,000 for each infraction)!

Second, once you've sent the collection agency a letter requesting validation of a specific debt, the collection agency can no longer contact you regarding that particular debt until they provide you with reasonable evidence that they do in fact have a right to collect the debt from you.

If you send a cease and desist or debt validation letter to the collector, you should write that down, too.

It might be a good idea, after sending an initial debt dispute letter, to send a follow up debt dispute letter reminding the collector of your dispute and request for validation.

To prove that a debt is valid or otherwise, you may have to send your customer a debt validation letter.