Wednesday, May 25, 2011

Making collectors prove your debt

Has a debt collector ever contacted you about a debt that you weren’t sure was yours? Under the Fair Debt Collection Practices Act, a federal law regulating debt collectors, you can request the debt collector to send proof of the debt. This process is called debt validation.
The Debt Validation Period
Within five days of its first communication to you, the debt collector is responsible for sending you a debt validation notice. This notice should be in writing letter letting you know you have the right to dispute the validity of the debt within 30 days. The FDCPA allows the

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Tuesday, May 24, 2011

Getting Collectors to stop calling

ase and Desist Letter Template For Debt Collectors
You can use this cease and desist letter template to stop debt collectors from calling you. Once the collector receives your letter, the FDPCA allows the collector to contact you one final time, in writing, to let you know what action, if any, the collector will take next. Customize the template letter to include your personal information.

Date

Your Name
Address
City, State Zip


Debt Collector’s Name
Address
City, State

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