When a consumer receives a debt collection letter in the mail, read the letter and take action. The action that needs to be taken is to write a letter to validate the debt.

First of all, how old is the debt? If the debt is at least seven years old, then you would write a SOL statute of limitations letter and send it certified mail return receipt. Some JDB send letters on debts (paid debts too) 10 years old. Where do you find the SOL letter? HERE ON THIS SITE. Copy, paste and tweak it for your scenario.

No matter how old the collection debt may be, the consumer needs to write to the debt collector. If you do not write, the situation may become worse and there may be a lawsuit. At least by writing a letter, the consumer will have documentation sent to the debt collector.

Where do you find the VOD (Validation of Debt) letter? HERE ON THIS SITE. Copy, paste and tweak it for your scenario.

Within 30-60 days the consumer will have results. 99% of the debt collectors in the USA cannot validate the alleged debt.

Our question to the consumer: Do you understand why you are allowed to write to the debt collector? Do you understand why the debt collector has to respond? Do you understand the FDCPA and the FCRA?

If you have any collection debt and any negative items on your credit report you NEED to know the laws/acts. It is for your own protection.

NEXT LEVEL CREDIT

 

 

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • StumbleUpon
  • Propeller
  • Digg
  • del.icio.us
  • Netvouz
  • BlinkList
  • Facebook

Post to Twitter Tweet This Post