What is a debt verification letter? They are one of many different kinds of letters that can be sent to request information from a creditor or debt collector in regards to collection efforts that are being made on a specific account. I am not a huge promoter of the use of debt verification letters because they only require the verification of the persons name and address.
Debt verification letters do not offer much protection to you because anyone can find your name and address by looking in a phone book or going online. In no way does your name and address prove that you owe your creditor or debt collector money. Instead of spending your time trying to send debt verification letters, you will be much better off sending well written debt validation letters.
Many people are confused by the difference between debt validation letters and debt verification letters. Trust me, the difference is huge. Sending a debt verification letter will provide no protection and gets you nowhere while sending a debt validation letter can in some cases eliminate all collection attempts immediately.
The bottom line is that sending debt verification letters will get you nowhere. You leave yourself open to continued harassment and collection efforts. However, by sending debt validation letters, it is likely that all collection efforts will be stopped or seriously delayed.
I would like to share with you something that is not widely known about third party debt collectors. They often are making collection efforts on accounts that have been sold to them by the original creditor. This is because original creditors do not want to spend huge amounts of time and money trying to recover money that can be repaid to them through insurance. Why am I telling you this? Because if you are dealing with a third party debt collector, you can send them a debt validation letter that will require them to prove that you owe them money, which they cannot prove! Sending this letter will stop the abusive practices of third party debt collectors.
So why are debt validation letters so much more effective than debt verification letters? The answer is the FDCPA or Fair Debt Collection Practices Act. This Act provides legal backing to the use of and requests made in debt validation letters. The only catch is that creditors and third party debt collectors still get away with unethical collection attempts if you do not send a debt validation letter and force them to play by the rules.
Debt verification letters do not offer much protection to you because anyone can find your name and address by looking in a phone book or going online. In no way does your name and address prove that you owe your creditor or debt collector money. Instead of spending your time trying to send debt verification letters, you will be much better off sending well written debt validation letters.
Many people are confused by the difference between debt validation letters and debt verification letters. Trust me, the difference is huge. Sending a debt verification letter will provide no protection and gets you nowhere while sending a debt validation letter can in some cases eliminate all collection attempts immediately.
The bottom line is that sending debt verification letters will get you nowhere. You leave yourself open to continued harassment and collection efforts. However, by sending debt validation letters, it is likely that all collection efforts will be stopped or seriously delayed.
I would like to share with you something that is not widely known about third party debt collectors. They often are making collection efforts on accounts that have been sold to them by the original creditor. This is because original creditors do not want to spend huge amounts of time and money trying to recover money that can be repaid to them through insurance. Why am I telling you this? Because if you are dealing with a third party debt collector, you can send them a debt validation letter that will require them to prove that you owe them money, which they cannot prove! Sending this letter will stop the abusive practices of third party debt collectors.
So why are debt validation letters so much more effective than debt verification letters? The answer is the FDCPA or Fair Debt Collection Practices Act. This Act provides legal backing to the use of and requests made in debt validation letters. The only catch is that creditors and third party debt collectors still get away with unethical collection attempts if you do not send a debt validation letter and force them to play by the rules.
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Find out more about how to use a debt verification letter. Visit www.debtvalidationletter.net where you can learn all about writing an amazing debt dispute letter and what it can do for you.
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