subject: How to Submit a Debt Validation Request [print this page] How to Submit a Debt Validation Request How to Submit a Debt Validation Request
The whole debt can be disputed or just part of the debt.
Upon receipt of the dispute letter, collectors should cease any contact with the consumer, not unless it's about the result or the further action that they are going to take against the consumer. The consumer must send the letter via certified mail with a return receipt request. The purpose of which is to have proof (paper trail) that the debt collector received the request, so that down the road, if ever the case becomes complicated or turns legal, or if there's a need to dispute the errors in the credit report, the consumer would have supoorting documents.
Upon receipt of the letter of dispute, the collection agency is required to send the consumer proof-that that debt was really assigned to them by the original creditor. As to who isgoing to send the verification letter, it is the collection agency that's going to do that (containing the amount owed and documentation from the original creditor) and not the original creditor.
Failure to verify the debt within 30 days would strip the collection agency of their right to continue collecting from the consumer; and from reporting it to the credit reporting bureaus.
However, it happens sometimes, that despite the debt not being validated, collectors still list the debt on the consumer's credit report. Should this happen, the consumer can request for that item to be removed from the report by filing a dispute with the report bureaus.
Here's a sample debt validation letter:
Date:
From:
To:
Re: Debt Validation
Original Creditor:
Acct. Number:
Social Security #:
To whomever it may concern:
In accordance with federal and state law, the debtor hereby serves written notice that the above referenced debt is disputed, and that verification of the debt or a copy of a judgment, if any, should be provided to the debtor.
In addition, please provide the name and the account number of the original creditor if different from that referred in this document.
Request is made that there be no communication or attempts to communicate with me at my residence and/or or place of employment. Any further communications, whether written or oral, may be made by mailing a letter to:_________________
Request is now made that I, _______________, be notified of any specific remedies for which creditor or its agents intend to invoke, and the date the remedy will be invoked.
Sincerely,
Signature:_____________________
Print Name: ___________________
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