Mandatory Debt Collection Disclosures
Fair Debt Collection Practices Act, everty time a collector communicates with a consumer by letter or phone
while attempting to collect a consumer debt, they must diclose the following:
- This is an attempt to collect a debt. Any information obtained will be
used for that purpose. This communication if from a debt collector.
When a debt collection agency issues an initial collection letter, also
known as a
dunning letter, they must include the above disclosure in addition to a disclosure that
Unless you notify
debt collector within thirty days after receiving this letter that your client disputes
the validity of this debt or any portion thereof,
debt collector will assume this debt is valid. If you notify
debt collector in writing within thirty days from receiving this notice that you dispute
the validity of this debt, or any portion thereof,
debt collector will obtain verification of the debt or a copy of a judgment, if applicable,
and mail you a copy of such verification or judgment. If you or your client
request it from
debt collector in writing within thirty days after receiving this notice,
debt collector will provide you with the name and address of the original creditor, if
different from the current creditor.
Debt Validation Letter
The debt validation disclosure is very important as it give notice to the
borrower of their right to dispute all, or part, of the debt. When a consumer
asserts their rights by sending a debt validation demand letter (DVL),
the collector must cease all collection attempts until they respond to
the validation request. If the collector fails to respond to the request
to validate the debt and subsequently continues collection attempts, they
may be liable for damages under the
Need Help Disputing A Debt?
We generally don't recommend that our client's pay a debt if they
have a genuine concern as to the validity of the balance. This holds especially
true with debt buyer accounts, however, it can also be applicable to original
creditors. Contact us for a free evaluation. We can help you determine
your rights and options, dispute your debts with a validation letter,
and pursue recovery for any eggregious debt collection violations.
Learn how we can help. Call
888.301.0584 today to request your
free initial evaluation.