To avoid making payments to creditors or debt collectors on accounts that you are not required to, I strongly suggest sending validation of debt letters. These letters require original creditors or third party debt collectors to provide you with accurate and legal proof that you do in fact owe them money. Without sending a validation of debt letter, you run the risk of being part of the abuse that is common in the credit card debt collection industry.
During the years I have spent helping thousands of consumers eliminate their credit card debt, I noticed that many consumers try to get information out of their creditor or debt collector over the phone. This never works! Any information you request will never be sent to you because a phone call provides no evidence in court that you requested validating information. Do not make the mistake of trying to validate by phone.
Before you send out validation of debt letters you need to double-check who you are sending them to. If you are dealing with a creditor and a debt collector you will need a different draft to send to each party with slightly different wording and requests in each one.
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.
If you think that you current credit card debt situation could benefit from sending a few validation of debt letters, which it most definitely could, you then need to get some help drafting the letters. You can do it on your own but unless you have had some experience writing these letters successfully you will most likely be disappointed with the results. Instead go online and purchase some template letters or enlist the help of a professional.
Finally, to add to the complexity of validation of debt letters, there are multiple formats to write the letters in depending on how far along you are in the credit card debt collection process. It is for your best interest to send validation of debt letter as soon as you receive the notice from your creditor or collections agency. If the letters are not sent in time, a large part of their effectiveness will disappear. Do not let this happen to you!
Need to discover more about validation of debt letter, then visit Kenta Wallman’s site on how to choose a great debt validation letter for your needs.