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Can you provide me with a debt validation and verification letter?
A debt validation letter is a written request asking a creditor to provide proof that a debt is valid and belongs to you. A debt verification letter is a written request asking a creditor to confirm the details of a debt, such as the amount owed and the creditor's information.
Is it illegal for a creditor to sell your debt?
No, it is not illegal for a creditor to sell your debt.
What information should be included in a debt verification letter?
A debt verification letter should include details such as the amount of the debt, the name of the creditor, the date the debt was incurred, and a request for validation of the debt.
Is it legal for a creditor to sell your debt?
Yes, it is legal for a creditor to sell your debt to a third party.
How long after a charge off can a creditor sue?
Charging off the debt has not impact on the creditor's ability to sue. Charging off is simply a write-off for tax purposes. A creditor can sue any time prior to the expiration of the statute of limitation regarding of whether or not the debt has been charged off. The applicable time deadline will vary from state to state and depending on the type of debt.
Do debt collectors have the right to request employer information?
Yes, but the individual is not legally obligated to answer such queries. It is assumed that the agency attempting to collect a debt has obtained the needed information from the original creditor.
Can you provide me with a debt validation and verification letter?
A debt validation letter is a written request asking a creditor to provide proof that a debt is valid and belongs to you. A debt verification letter is a written request asking a creditor to confirm the details of a debt, such as the amount owed and the creditor's information.
Is it illegal for a creditor to sell your debt?
No, it is not illegal for a creditor to sell your debt.
What information should be included in a debt verification letter?
A debt verification letter should include details such as the amount of the debt, the name of the creditor, the date the debt was incurred, and a request for validation of the debt.
Is it legal for a creditor to sell your debt?
Yes, it is legal for a creditor to sell your debt to a third party.
How long after a charge off can a creditor sue?
Charging off the debt has not impact on the creditor's ability to sue. Charging off is simply a write-off for tax purposes. A creditor can sue any time prior to the expiration of the statute of limitation regarding of whether or not the debt has been charged off. The applicable time deadline will vary from state to state and depending on the type of debt.
How do I report a debt to a credit agency?
To report a debt to a credit agency, you can contact the agency directly and provide them with the necessary information about the debt, such as the amount owed and the creditor's details. The agency will then update your credit report with this information.
What is the process for requesting a letter of validation of debt?
To request a letter of validation of debt, you need to send a written request to the creditor within 30 days of receiving a debt collection notice. The letter should ask for proof that the debt is valid and provide your contact information. The creditor must then provide documentation verifying the debt.
Can the repo man speak to your employer about repossesing your car?
Debt collectors will use any means for information to collect their debt.
Where can one find information regarding bad consolidation credit debt and mortgages?
You can find information regarding bad consolidation credit debt and mortgages at the DebtHelp website. Once on the page, you will have access to expert guides, debt calculators and more.
When a debtor and a creditor are in agreement about how much money is owed the debt is said to be?
When a debtor and a creditor are in agreement about how much money is owed, the debt is said to be "liquidated." This means that the amount is fixed and agreed upon, eliminating any uncertainty regarding the total owed. In contrast, if the amount is disputed or contingent on certain conditions, the debt would be classified as "unliquidated."
What is does it mean for an original creditor to recall their collection?
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
