Fair debt collection practices act section 809 b validating debts
There are millions of delinquent accounts in the country and it is not uncommon for credit account records to get lost, deleted destroyed, misplaced or deleted.
Feel free to copy and paste the text of the letter below into your word processor or use this .If collectors are calling and demanding money for a debt that may not be yours or you cannot remember if it is yours or the amount of the debt is wrong you have, according to the Fair Debt Collection Practices Act (FDCPA) the right to dispute the debt.If you wish to dispute a debt it is in your best interest to do so in writing.Quote: Initial Debt Collection Dispute Letter Today's Date Your Name Your Address Collector's Name Collector's Address Dear , I am writing in response to your (letter or phone call) dated , (copy enclosed) because I do not believe I owe what you say I owe.This is the first I've heard from you, or any other company on this matter therefore, in accordance with the Fair Debt Collection Practices Act, Section 809(b): Validating Debts: (b) If the consumer notifies the debt collector in writing within the thirty-day period described in subsection (a) that the debt, or any portion thereof, is disputed, or that the consumer requests the name and address of the original creditor, the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt or any copy of a judgment, or the name and address of the original creditor, and a copy of such verification or judgment, or name and address of the original creditor, is mailed to the consumer by the debt collector.Dealing with debt collectors is probably not on the top of your list of things you would like to do, but sometimes there is no way around it.
If a collection account comes into your life, you've heard about it in one of three ways: You could try to use debt settlement methods to deal with a collection agency, but you might want to try debt validation first.
However, this is not a violation because the Fair Debt Collection Practices Act (FDCA) as the debt collectors do not require to dispute unless those are supposed to validate the debt or give any specified actions allowed by law.
If you find such letter but with a different collector, you can use the debt collection dispute with the validation letter sample given below to draft your own letter and inform the collector that you have disputed about the debt before. If a collection agency is coming after you for some zombie debts, the best way to handle this is by writing to them.
Bob is acting just like a collection agency or debt collector.
Now, you have never met Bob before so why would you just hand over the money owed to him?
Let's say you borrowed money from your friend, Paul. As times goes by, you think you might still owe Paul money but you are not sure how much.