Debt Verification Letters & the Law

The Debt verification letter is a letter that can be sent to your creditor or debt collector that requests a verification of information on the account they are attempting to collect on.  Debt verification letters only request verification of the debtors name and address. For this reason I do not strongly recommend taking the time to send a debt verification letter.

The reason I don’t recommend making an effort to send a debt verification letter is that anyone who has access to a phone book or Internet can usually look up your name and find your address. This verification does not prove that you owe your creditor or debtor money, nor does it stop your creditor or debt collector from harassing you.

The letters that you should be spending time and effort sending are debt validation letters. These letters require much, much more from creditors and third party debt collectors.

Many times I have seen the terms of debt verification letter and debt validation letter used interchangeably. This is incorrect. If you, as a debtor, are sending a debt verification letter to a third party debt collector, all you will receive back is a confirmation of your name and home address. The third party debt collector will continue to harass you for payment. Basically your situation will not change and will definitely not get any better.

On the other hand by sending a well-written debt validation letter, you can many times stop a third party debt collector or creditor in their tracks during the collection process.

            You are probably wondering how in the world this happens. Well the fact of the matter is that often times creditors and third party debt collectors will try to wrongfully collect on your accounts. What I mean by that is that creditors can often recover the money that you allegedly owe them through insurance. Then a third party collector will be ringing your phone off the hook telling them you still need to pay! This is ridiculous and sadly is commonplace when dealing with debt collectors.

To counteract these abusive practices, the government formed what is known as the FDCPA or Fair Debt Collection Practices Act. This Act was put in place so that debtors would be protected when it comes to the collection process. The thing is that you, as the debtor, must request and demand this protection before it is granted.

The FDCPA strongly backs the use of debt validation letters. Notice validation as opposed to verification. These validation letters can request information that will expose the unethical and abusive practices that most debt collectors are participating in on a daily basis.

Have you ever thought that your debt collector was treating you harshly, intimidating you, or harassing you? Chances are you have felt this way because most people who have spoken to debt collectors have had the same feelings. I have compiled the information to create this website to help educate you to know how to protect yourself.

I want to make you an expert when it comes to the use of a debt validation letter. To help you gain this expertise I have created a 10-day mini course that will teach you all about a different topic in the debt validation letter process each day. This course is 100% free and will simply appear as an email in your inbox each day. I strongly suggest starting with the mini course to find out what protection is out there for you and your family.