In fact, the agency may send you this debt validation notice as its first correspondence with you. Debt validation letters go both waysĪ debt collector should send you a validation notice about your debt within five days of acquiring your account from your original creditor or from another collection agency. A debt validation letter is one way to check for mistakes and demand the collection agency remove them from your credit history. Because creditors, credit bureaus and collection agencies can make mistakes, the federal Fair Debt Collection Practices Act (FDCPA) gives you the right to check for credit reporting errors. Inaccuracies could make it impossible for you to get a mortgage or a new credit card with competitive interest rates, and an agency's collection efforts will disrupt your life with unwanted phone calls and mail.
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ĭue to possible inaccuracies in these credit reports, I lawfully request the debt validation be in the form of a notarized statement by a person with original knowledge of the debt as it was constituted and who can testify that the debt was incurred legally. You can use this sample letter to make the debt collector prove the debt is actually yours. This is legal speak for proving you really owe the money. Federal law gives you 30 days to request that the collection agency validate your debt. When a debt collection agency contacts you about a past-due balance, the debt may not actually be yours.
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