The letters below are sample debt validation letters. The Fair Debt Collection Practices Act (FDCPA) gives you the right to request validation and provides you many other protections against debt collectors. For best results, you will need to get familiar with the FDCPA.
Debt Validation Process
There are three main parties in the debt collection process. First, there is the original creditor: the person or company who is owed money. This is the credit card company, the doctor’s office, or the landlord who is trying to collect on a bill. When the original creditor gets tired of trying to collect the money, they sell the debt to the second party in the process: the collection agency. The collection agency specializes in collecting debts – they call and send letters demanding payment. The third party is the credit bureau, or the consumer reporting agency. These are companies like Experian, Equifax, and Transunion. Any party, an original creditor or a collection agency, can report a missed payment or other negative financial information to a credit bureau. The credit bureau keeps the information on file and various entities use the credit bureau’s reports to make judgments about an individual, such as a lender to determine whether or not an individual gets a loan and at what interest rate.
Note: The Fair Debt Collections Practices Act (FDCPA) is a federal law regulating collections agencies. It does not cover original creditors and it does not cover credit bureaus like Experian.
The federal government passed FDCPA to protect consumers from harassment and unfair practices by collection agencies. Among other protections, it states collection agencies cannot call at unreasonable hours, must stop contacting an individual if they inform them they do not wish to be contacted, and, perhaps most importantly, the law states collection agencies must provide proof the debt they seek to collect is accurate and they have the right to collect it. Click here for an explanation of the validation process.
Debt Validation Letter Samples
Caution: These are only samples. They are not fill-in-the-blank form letters. Do not copy these letters exactly. Instead, the letter should be customized to your situation.