Validation of debt letters are very important to use when creditors or third party debt collectors are attempting to collect on your defaulted accounts. Creditors and third party debt collectors will not validate your account unless you send out high quality validation of debt letters. Without sending one of these letters you could end up making payments on an account that you are not legally bound to.
Sending a written validation of debt letter is extremely important. You could call your creditor and debt collector and ask for all of the same things on the phone as you would in the letter and they would have no obligation to answer you. Sending a validation of debt letter on the other hand provides legal proof that you made the request and that your creditor or debt collector did not provide the information requested.
When preparing to send out validation of debt letters, be sure to distinguish between whether you are sending the letter to an original creditor or third party debt collector. Knowing who you are sending the letter to, can help you adjust the letter to your specific situation for better results.
Now that you understand why you need to send validation of debt letters, let me share with you some often missed techniques when deciding what to ask to be validated. You first need to ask for everything that you are legally entitled to know but do not stop there! Feel free to ask for additional information because the worst answer you will get is no answer at all.
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.
As if validation of debt letters were not complex enough already, there are actually different types of letters for each stage of the collection process. When sent too late these letters can offer almost no protection. Do not delay your action especially when you have already received a notice from your creditor or collections agency on the debt that they are trying to claim. Otherwise you will get no benefit from sending validation of debt letters to them. Once again consult with someone who has prior knowledge in this field before drafting and sending these letters.
Sending a written validation of debt letter is extremely important. You could call your creditor and debt collector and ask for all of the same things on the phone as you would in the letter and they would have no obligation to answer you. Sending a validation of debt letter on the other hand provides legal proof that you made the request and that your creditor or debt collector did not provide the information requested.
When preparing to send out validation of debt letters, be sure to distinguish between whether you are sending the letter to an original creditor or third party debt collector. Knowing who you are sending the letter to, can help you adjust the letter to your specific situation for better results.
Now that you understand why you need to send validation of debt letters, let me share with you some often missed techniques when deciding what to ask to be validated. You first need to ask for everything that you are legally entitled to know but do not stop there! Feel free to ask for additional information because the worst answer you will get is no answer at all.
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.
As if validation of debt letters were not complex enough already, there are actually different types of letters for each stage of the collection process. When sent too late these letters can offer almost no protection. Do not delay your action especially when you have already received a notice from your creditor or collections agency on the debt that they are trying to claim. Otherwise you will get no benefit from sending validation of debt letters to them. Once again consult with someone who has prior knowledge in this field before drafting and sending these letters.
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Need to find out more about validation of debt letter, then go to Kenta Wallman's site on how to choose the best debt validation letter for your needs.
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