What is a debt validation letter?

A debt validation letter is a type of document used in consumer debt defense law in New Mexico. This document is used when a person is contacted by a debt collector who claims they are owed a debt. This letter can be sent to the debt collector in order to ask them to provide validation that the debt is actually owed. The letter must request proof of the amount of debt owed, the dates that the debt was acquired, the terms of the debt, and the name of the original creditor. The debt collector must respond to this letter within 30 days. If the debt collector does not provide the necessary information within 30 days, then the debt is considered invalid and the collector cannot continue to pursue payment. The validation letter is an important tool for consumer debt defense law in New Mexico, as it gives people the chance to challenge and dispute debt claims, which can help protect their personal finances.

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What is a debt validation letter?

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