February 04, 2021
Summary: To defend your case, you might need to send your debt collector a debt validation letter. Learn how to make a debt validation letter fast and win!
Creditors are hounding you night and day. It started with a single phone call and snowballed from there. Now you don't even know how to deal with your debt collector. Never fear. If you're in the early stages of debt collection, it's time you learned how to make a debt validation letter with our ultimate guide.
Any debt collection case is stressful. Sometimes, that stress paralyzes you. You don't know how to proceed. Everything's happening so fast!
If you need help learning how to make a debt validation letter, look no further. At SoloSuit, we have all the information you'll need! Check out our ultimate guide to debt validation letters below.
A debt validation letter is your first chance to assert your rights to debt collectors. If collectors are harassing you by phone or mail, a debt validation letter should be your first priority.
Thanks to the Fair Debt Collection Practices Act, collectors must follow certain rules when pursuing the debt. One of those rules says that they must send you a letter within 30 days of contacting you about the debt. This letter will contain information like how much money you owe, the debt's original owner, and more.
But what if you're receiving harassing phone calls and never received a letter? In that case, it's time to take the offensive with a debt validation letter.
A debt validation letter is a request for information. You're asking the debt collector to verify how much money you actually owe. You're also requesting that they send over a paper trail proving that you owe the debt in the first place. If a third-party collection agency has purchased your debt, they'll also need proof that they now own it.
What's the big deal with debt validation letters, anyway? We're in the 2020s. We have the internet now. Letters are so 1997.
Joking aside, debt collection letters are important for a few reasons.
Without a debt validation letter, you'll be flying blind into your debt collection case. But if you can draft a well-written letter, it can tip the scales in your favor.
When you draft your debt validation letter, make sure to include the following information:
A debt validation letter can have several benefits. For example, you may be facing a collector who constantly harasses you. A debt validation letter is a way you can make them stop for the time being. That will give you a moment to breathe, collect yourself, and plan your next move.
That's not the only benefit of a debt validation letter, though. If you intend to pay the debt back (but just can't right now), you can include that in your letter. This may open the door to negotiating a payment plan. You may even be able to settle your loan for less than the entire amount.
When you send your debt validation letter, do so by certified mail. It costs a little bit extra, but it'll give you proof that the debt collector received your letter. It'll also tell you the exact date the letter arrived. This kind of proof may also come in handy down the line if the creditor tries to deny they received your letter.
If you send your letter within 30 days of the debt collector first contacting you, they must stop harassing you until they present the information you requested. If they ignore your letter, it's a violation of the Fair Debt Collection Practices Act. At that time, it's a good idea to file a complaint with the Consumer Federal Protection Bureau.
There is one situation where it may be a good idea to forego a debt validation letter. Every debt has a statute of limitations in the US. This means that after a certain amount of time, the debt is “expired.” Once that happens, a creditor no longer has any right to pursue it.
If your debt is nearing the statute of limitations for collection, it may be a good idea to ignore it entirely. That will buy you more time for the statute of limitations to pass. Once that happens, you're scot-free. Check on the statute of limitations rules in your jurisdiction to determine how much time must pass in your case.
SoloSuit makes it easy to respond to a debt collection lawsuit.
How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.
"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James
Here's a list of guides for other states.
Being sued by a different debt collector? We're making guides on how to beat each one.
Need more info on statutes of limitations? Read our 50-state guide.
Need help managing your finances? Check out these resources.