What Is A Debt Validation Letter:Absolutely Everything You Need to Know

last notice what is a debt validation letter

What Is A Debt Validation Letter

You get a letter in the mail and read the words: “You owe money. Please pay this debt to avoid a court summons.” These words are scary, and immediately you worry about paying in time to avoid further problems. What if you don’t owe a thing? Before making a payment, it’s crucial you ask for a debt validation letter. Debtors are not above asking for money even if the debt is not yours or you have already paid. Here is everything you need to know about what is a debt validation letter and how to protect yourself while dealing with these situations.

Reasons to Request a Debt Validation Letter

Upon getting one of these letters, worry is the first thing that comes to mind. Rather than let this fear take over, first understand what is a debt validation letter. In addition, learn why you need to request this official letter stating what you owe.

Understanding how to request a debt validation letter is useful. Before requesting, make sure to follow these guidelines:

  • Never confirm that the debt is yours
  • Write and ask for a letter to get proof

Requesting a letter showing you owe a debt is something all companies must do if they are attempting to collect. Make sure to get everything in writing so you have solid proof of what is going on.

Understand Debts Are Time-Sensitive

Debts are time-sensitive affairs. Debt collectors must send you a letter, allowing you 30 days to dispute the debt.

After you request the letter, make sure to dispute the debt within 30 days. The agency sending the letter must provide proof that the debt is yours.

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If this is something they cannot make good on, you have the upper hand should the case go to court.

Be aware that scams related to debt collectors have a been continual problem. In fact, using these practices, scammers create false documents, ranging from letters to court summons.

This is another reason to ask for a debt validation letter from the debt collector.

How to Submit a Request

When submitting a request for a letter, make the request brief and professional. Some things to include are:

  • Date
  • Your name and address at the top of the letter
  • Debt collectors company name and address under it
  • A request stating you want proof you owe the debt
  • A statement saying if this request is not provided to you, you will report the company to the FTC

At best, this scares some debtors away from bothering you. At worst, you find out if the debt is yours or not.

What to Do If The Debt Is Yours

If the validation letter proves that you owe money, don’t despair. Handle the debt head-on by:man holding up bills due

  • Checking to see if it is still within the credit reporting time limit
  • Know that debts seven years or older fall off your credit report, so find out how old the debt is
  • If it is pay for deletion off your credit report
  • Pay the account in full

There are multiple steps available to help you clean up your credit report, even if you have experienced problems with debt.

Get Outside Help

Feeling unsure about all of this? Millions of people deal with requesting a debt validation letter, and you are not alone.

Check out our blog and learn about various ways to improve your credit. No matter how much debt you’re dealing with, there’s always a solution.

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5 Comments

  1. I have witnessed first hand what these dept validation letters can do to people as some of my family have had them in the past.

    Your first reaction is anger and disbelief until you look into the situation and approach it with a calmer frame of mind.

    First check if it is legit and second try to reach a resolve. Try not to ignore it completely as the problem won’t go away as there is always a solution.

    • Great advice Andrew.  I could not agree more.

      In order to protect yourself it’s wise to ask for a debt validation letter to verify you owe the debt.

      Before requesting a debt validation letter, never confirm the debt is yours and write and ask for a letter of proof.

      You are 100% correct never ignore the problem and address it head on.  It won’t go away until it is fully resolved.

      Patrick

      Creditsquared.com

  2. Great article! I have used the debt validation letter on multiple occasions and it does work. I found that 9 times out of 10 the creditor responds that the debt will be removed from the credit bureaus.
    I am in total agreement with you about debts being time sensitive; so many people don’t know this. It can be a fatal mistake to let these things go.
    I do have one question. You say to pay for deletion of the debt is yours. Why? Why not get it deleted on your own?

  3. Great article!

    I have used the debt validation letter on multiple occasions and it does work. I found that 9 times out of 10 the creditor responds that the debt will be removed from the credit bureaus. 

    I am in total agreement with you about debts being time sensitive; so many people don’t know this. It can be a fatal mistake to let these things go.

    I do have one question. You say to pay for deletion of the debt if it is yours. Why? Why not get it deleted on your own?

    • It’s always nice to hear from people that are actively managing their credit report.  As you point out a debt validation letter is an effective way of doing that.

      It appears to me you have experienced excellent success with challenging erroneous reporting.

      I absolutely agree with you 100% that addressing your debt issues is time sensitive and should be addressed head on immediately.

      There are a lot of scammers out there producing false documentation, so it’s always best for consumers to validate the debt truly theirs, before making any payments towards it.

      Debt collectors must always send you a letter and you have 30 days to dispute.

      If you discover the debt is yours, I highly recommend that you settle it as soon as possible. Debts won’t be deleted from your credit report until fully settled.

      There is no harm in negotiating with a debt collector to partially settling the debt.  Just remember to verify it has been deleted after paying it off.

      All the best,

      Patrick

      Creditsquared.com

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