What is a debt validation letter?

A debt validation letter is a letter sent to a creditor or to a debt collection agency that requests validation of a debt. This letter lets the creditor or collection agency know that the debtor is aware of the debt, as well as their rights under Collection Defense Law in New York. The letter also requests specific information about the debt, such as when it was incurred, current balance, and any proof of ownership. The purpose of a debt validation letter is to protect the consumer from fraudulent or misrepresented debt. It allows the debtor to check the accuracy of the debt and challenge it, if needed. If the creditor or collection agency does not respond to the letter within 30 days, or does not provide the requested information, the debt may be considered invalid. Creditors and collection agencies are legally obligated to provide a valid debt when requested. The debt validation letter is one way to ensure that the consumer is not held responsible for a debt that does not exist or has been misrepresented. It can also be used to raise questions and challenge the accuracy of the debt.

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What is a debt validation letter?

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