How To Request A Debt Verification Letter
According to statistics, one in every three Americans owe a debt that is already in collections. When you are contacted by a debt collector how do you know for sure that the collectors allegations are legitimate? If the claim against you is not a false allegation, the debt collector must provide you with a debt verification letter. Debt collectors are legally required to send you a debt validation letter, which outlines what the debt is, how much you owe and to who, as well as when you need to pay the debt. If you’re still uncertain about the debt you’re being asked to pay, you can request a debt verification letter to get more information. If you are concerned about debt collectors or a debt verification letter you may want to learn more about debt settlement services.
Knowing how to request a debt verification letter can help you verify that your debt collector’s claims are true. The last thing you want to do is accept responsibility for a debt that you don’t owe anymore or never owed at all.
What is a Debt Verification Letter?
A debt verification letter provides proof that a past balance is owed by the person receiving the letter. This debt verification letter should include important details like how much the person owes, where the debt came from, and how old the debt is.
If you are the person who owes a debt, then you can request a debt verification letter from the collector. The collection agency must respond with proof of their claims. This is valid for both personal and business debts.
Why You Need a Debt Verification Letter
Debt collectors have made errors in the past. These errors include attributing debt to the wrong party and demanding payment for debts that don’t exist at all! Even worse, a collector may attempt to get you to pay back a debt that’s legally expired.
A debt verification letter will provide proof if you’re legally obligated to pay back the debt that is being claimed against you. It will help you make a choice about how to move forward with the debt, and it can help you secure your financial future. If that debt is negatively impacting your credit, then verifying it and paying it off can increase your credit score.
What to Include in Your Request For A Debt Verification Letter
If you need to request a debt verification letter from a debt collector here is what you need to include:
- Your name
- Your address
- The date you’re sending off the letter
- The name and contact details of the debt collection agency
- Request for details about the debt owed
Under the Fair Debt Collection Practices Act (FDCPA), a collector must provide you with information about the debt in its initial communication or within five days after the initial communication, including: the amount of the debt. the name of the creditor to whom the debt is owed. If you notice any red flags, then you could be dealing with a scammer.
Want To Relieve Debt? CuraDebt Can Help You
Now that you know how to request a debt verification letter, you’ll have an easier time determining whether a debt collector’s claims against you are valid or not. If you request a copy of a debt verification letter from a collector, then they’re legally obligated to comply. If they won’t accept your requests for the letter, then you can be certain that the collector’s allegations are either illegitimate or they’re breaking the law by failing to provide you with proof.
If you are currently dealing with more debt than you can handle, don’t make the mistake of thinking you have no hope or few options. CuraDebt, a debt relief company, is here to help you with all of your debt issues. Contact us today for your free consultation. 1-877-850-3328