Below you will find an example of a debt validation letter. You can use this letter just change the relevant information. Your debt validation letter should be sent by certified mail.
It is not unheard of for collection agencies to ignore debt validation requests. Many collection agencies have been fined by the FTC for such violations. It is your legal right to request that your debt is validated according to the Fair Debt Collection Practices Act, a federal law passed by Congress.
Sample Debt Validation Letter
Your city, state, and zip code
Name of the collection agency
Collection agency street address
City, state, and zip code
Attn. name of collection agency:
In accordance with my rights under the Fair Debt Collection Practices Act, I am hereby requesting formal validation of the alleged debt you are reporting to the major credit reporting agencies on my behalf. Please note that I am not requesting a simple account summary but instead you should forward the following information in a timely manner:
1. Validation that the alleged debt was established, including a signed application for credit.
2. Formal certification that the alleged debt was transferred to a third party if applicable.
3. Notarization regarding the alleged debt’s P&L application to federal or state tax write off.
4. A complete monthly accounting history from the alleged debt’s inception through the present date, including any alleged charges, penalties, service charges, and payments, as well as a certified attestation regarding current status.
5. Documentation regarding your company’s compliance, including applicable bond, regarding debt collection laws in my state.
I will look forward to receiving the requested documentation so that this matter will not escalate further. Otherwise, you are prevented from reporting this account to the consumer reporting agencies. Any further reporting is in violation of the Fair Debt Collection Practices Act (FDCPA) section 809 (b) 15 USC 1692g.
Your printed name
It is very common for collection agencies to either not have the necessary documentation to validate your debt, or just not want to spend the man-hours and time jumping through the hoops to validate the debt. If this is the result then you are not responsible to pay the debt. And you will be able to repair the bad credit on your credit reports.
If your debt validation letter is ignored we encourage you to consider professional credit repair help. Frequently you can hire legitimate and legal services to fix your credit reports at very affordable rates.
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