Confirm the debt is yours. Before taking any action to pay off a debt in collections, verify the debt belongs to you. Gather ...

In his Monday letter, Robert Klarich laments that President Donald Trump could be more effective in debt reduction if he were to review the appropriations bill more closely and not attack college ...

This written correspondence is called a validation notice or debt validation letter and is required within five days of contacting you. The letter or notice should include the amount you allegedly ...

But one of the most powerful ways to save money is often overlooked: paying down debt. During National Financial Literacy Month in April, consider thinking about debt in a different way.

Could your debt be reduced or forgiven? Take our financial relief quiz. The main goal of a 609 dispute letter is to challenge a credit reporting agency to provide proof that a delinquency exists.

Only when they asked the debt collector for a debt validation letter to prove that they own the debt, they were hung up on. That, frankly, raises a red flag. It’s not unusual for a debt to be ...

Within five days of first contacting you, debt collectors are required by law to send a written validation notice ... offers templates for these letters on their website. Request specific ...

In such cases, sending a validation letter does not violate the FDCPA. The court agreed with the defendant, finding that the plaintiff’s letter both disputed the debt and constituted a refusal ...

To best protect yourself, research the debt and request a debt validation letter. Check your state’s laws to research your rights against zombie debt, including statute of limitations laws ...

You also have the option to send a debt validation letter requesting proof that you owe the debt and that they have the right to collect it within 30 days of first being contacted by a collector.

request a debt validation letter or ask the collection agency to cease contact, you can use these templates on consumer.gov. Remember that while most debt collection agencies are legitimate ...

ask the creditor for a debt validation letter. The Fair Debt Collection Practices Act (FDCPA) requires the debt collection agency to provide you with written proof of the debt’s validity or ...