What is a debt validation letter?
A debt validation letter is a written request from someone who owes a debt to a creditor to validate the debt. This letter gives the creditor the opportunity to provide proof that the debt is actually valid, and that the person requesting the validation actually owes it. In California, collection defense law allows any person who is being contacted by an agency collecting a debt to request validation of that debt. When a debt validation letter is sent, the creditor must respond to it within 30 days. This response should include documents that prove the validity of the debt, such as a copy of the contract or agreement that outlines the details of the debt. The creditor should also provide additional evidence, such as a credit report or information from a third-party agency showing that they are the owner of the debt. If the creditor fails to validate the debt in the given time frame, they can no longer attempt to collect the debt. This law is in place to protect individuals from debt collectors attempting to collect on debts that are not valid or are past the statute of limitations. Debt validation letters are important tools for individuals who are being contacted by debt collectors. They can use them to dispute a debt and protect a person’s rights, as well as ensure that any attempts to collect debt are legitimate and valid.
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