Erase Bad Credit With A Debt Validation Letter

Erase Bad Credit With A Debt Validation Letter

Although this term sounds complicated it is really quite simple. A debt validation letter is nothing more than a letter requesting bill collectors show actual proof that you owe the debt.Here’s an example you receive a letter from ABC collections saying you owe Bank of America 5000.00 for a mastercard that became delinquent March 2nd 1994.The agency must show proof of this debt. When debt collectors are informed they must show proof of debt they think that if they just send you a printed piece of paper this will validate the debt. The printed statement shows the date the account went delinquent the amount owed this does not validate the debt.The Fair Debt collection practices act state that they must provide an assignment of debt copies of correspondence between you and the original creditor such as billing statements etc., and a copy of the original agreement between you and the original creditor and the products services etc.they provided . Without this they have no proof and must remove any negative information that is being reported on your credit reports. The reason they cannot provide proof is that they receive thousands of accounts at one time to collect on its almost impossible to prove. They will always try to say that this is all the information that they have to provide and you need to pay the bill.

When you receive this statement let them know that this does not validate the debt and they must delete the tradeline within 7 days or you will bring legal action against them as advised by your attorney.If they refuse to comply then take them to court .File a take nothing lawsuit against them And all three credit bureaus requesting that they remove this negative information from your credit reports.When the defendents do show up the debt validation letter will win the case.This letter is a very powerful piece of evidence that will allow you to erase bad credit forever. ” Confessions Of An Ex- Bill Collector reveals more powerful strategies and has a debt validation letter that can erase bad credit like magic and cause the debt collectors to run like scalded dogs and vanish forever. Assignment Of Debt is simply a document that shows the bill collector has a right to collect the debt for the original creditor or they own the rights to the debt if they purchased the debt from the original creditor.Heres an easy example lets say I borrow 10.00 from Chuck and Chuck sells my debt to Bobby .Bobby tells me that Chuck sold my debt To him so now I must pay Bobby the 10.00 Bobby must show me in writing where Chuck gave him authorization to collect 10.00 from me.There you have it so the next time a debt collector contacts you send them a debt validation letter and make them prove the Debt.We hope this article has made you aware of the power of a debt validation letter.

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