What Is A Debt Validation Letter ?

What Is A Debt Validation Letter ?

A debt validation letter is a letter forcing debt collectors to prove the debt is owed.

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ABC collections contacts you saying you owe Bank of America 5000.00 for a MasterCard That became delinquent March 2nd 1994. They must show proof of this debt.

When informed that they must show proof they think a printed piece of paper will validate the debt. The statement shows the date the account went delinquent the amount owed this is not proof. 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., Otherwise they have no proof and must remove any negative information being reported. They collect on many accounts making it impossible to prove.

They say this is All the information needed When you receive this statement inform them this proves nothing and delete the tradeline within 7 days or you will bring legal action against them If they refuse sue them. File a lawsuit requesting removal of this negative information even If they show up this letter will win the case.

A debt validation letter is a powerful weapon that erases bad credit. The bill collector must prove they can collect the debt for the original creditor or they own the rights to the debt if purchased from the original creditor. If proof isn’t provided then you win the case !