Legally validating a debt Sexflashchat
There are three main parties in the debt collection process.
First, there is the original creditor: the person or company who is owed money.
For best results, you will need to get familiar with the FDCPA and debt validation if you are not already.
We’ll take you step-by-step through the debt validation process so that you know your rights as well as the best action to take to get your credit back on track.
For the most effective results and to cover all your legal bases, it’s best to send a letter.
A debt validation should be concise and professional.
If they do, they’re in violation of the FDCPA and you may report them to the FTC and your state attorney general’s office.The letter below is a sample debt validation letter.The Fair Debt Collection Practices Act (FDCPA) gives you the right to request validation and provides you many other protections against debt collectors.If you do, you could inadvertently reset the statute of limitations on the debt.Depending on how close it is to expiring, you may add years back to the length of time the debt collector can sue you for your debt.