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The Correct Way To Work On Intimidating Debt Collection Agency Correspondence

Author : Nicholas Hunt

When you receive a letter from a debt collection agency it is important that you validate their claim, because the truth is that very few lenders will send a debt collector to recover the money you borrowed. Most of the debt collection agencies usually buy out old debts from lenders and try to recover money that you already paid or try to collect excessive amounts from your old debts.

Therefore, when you first hear from a debt collector you should ask about his name, badge number, company name and other important data that you can use to confirm that you are not dealing with a fake debt collector. If he proves to be part of a debt collection agency, then the next step you should take is to ensure that he has proof that you actually owe this debt. If you do a little research you will find that the legislation of the USA requires these agencies to have the proof or validation in order to have the right to contact you.

When dealing with debt collection agencies, it is advisable that you have written proof if you want to take any legal action against it. Therefore, write a letter, send it via certified mail and specifically ask for a return receipt. If you fear that your case may end up in court then wait thirty days for a response from the debt collection agency before you send them a second letter where you ask them to validate their claim.

However, if within thirty days the agency will send you a response, make sure that the papers they sent you are the original document or a copy of the contract that you signed with your lender. If they send you a copy of the requested document and you have the proof that you paid that debt, send them a letter that includes a copy of your first letter and a copy after the receipt that proves you paid your debt and wait for their response for three more weeks.

If after their second letter they cannot validate the fact that you have a debt, then you have the choice of suing them. However, if they prove that you owe that debt and you completely forgot about, try to arrange a method to repay your debt with the lender.

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Nicholas writes for a site offering advice on dealing with debt collector harassment and related issues such as credit card debts and how to cope with them.

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Tags:   debt collectors, debt problems, owe money

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Submitted : 2011-06-07    Word Count : 449    Times Viewed: 420