What is a dues Validation Letter and why do you require it?

 When it comes to money matters, things can turn aggressive which can cause serious damage to your credits

Before you pay a single penny to your debt collector, it is important to find out if the debt belongs to you or not.

This is when you may need a debt verification letter from the debt collector. But what is it exactly and why you need it remains an important question.

What is a debt validation letter and why is it important?
Usually, the debt collectors are legally required to send you a debt validation letter that contains all the necessary information. This includes the details like the amount of debt you owe, the dates, and others.


 It also contains certain information which states that you have the right to dispute the debt but if you don't dispute it within 30 days of contact, then the collector would assume it as valid. 

Read more: How can I file an Attorney General Complaint against an organization/ company online?

Flipping on the other side means if you believe that you don't owe anything to the debt collector, then you have just 30 days to dispute it.

Therefore, if you still face any kind of trouble where you are being harassed for making payments,  then you can file a CFPB complaint against the debt collector.

Seek help from a legal attorney to stay away from frauds !!

There are times when debt collector agencies may receive false information. While there are times when you may get trapped and victimized by a false collection scam. As a result, it is very important for one to offer accurate information about oneself and the debt until the debt validation letter is received. 


 Moreover, at any time of this process, whether you feel like filing a dispute or not, it is recommended to seek help from a legal attorney like Lending lies and get a free consultation.

This would help you to determine if your rights are being violated or not. Also, appropriate advice would be given that would help to proceed with the matter.

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