One of the things we repeat more than any other in how to rebuild your credit is the importance of requesting debt validation from collection agencies. Now, you may be thinking, easier said than done. Okay, but not really. Provided you do it within 30 days of the collection agency’s initial communication, it’s remarkably simple thanks to the sample letter to validate debt that we have provided for you to use as a template. Copy, paste and edit it according to your needs and specifications.
As you’ll see, the general content of the letter includes:
- Your name and address
- Collection agency name and address
- Account number
- Reason you are writing — to validate the debt, a legal right entitled to you via the Fair Debt Collection Practices Act
- List of specific information you are requesting to validate the debt — balance owed, original creditor, etc.
- Your acknowledgement tat it is illegal for them to report invalidated debt to the credit reporting agencies
- Recognition that they are legally required to respond within 30 days
- If they do not validate the debt within said 30-day time period, all relevant negative listings must be removed from your credit reports
- Demand for 30 days to review documents that do, indeed, validate the debt
- Request for no phone communications to be made by said collection agency
- Your name and signature
If old “zombie” debt is haunting you, this is one of the best ways of defending yourself. Why? Because once an original creditor writes off your account and sells it to a collection agency, rarely to do the supporting documents go with it. In other words, chances are good the collection agencies hounding you can’t provide adequate proof you owe the debt. So all it may take is a letter requesting said validation to get them to strike it from your record and shut them up.