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Commonly Asked Questions about Debt Management Letters

While debt validation requests can be a useful tool, they are not effective at resolving the issue. In most cases, creditors and collection agencies are able to provide the necessary documentation to prove the validity of the debt.
And sometimes someone is trying to scam you. Thats why its important to verify your debts with the proper documentation, such as a debt validation letter. Doing so can protect you from scammers, prevent debt collectors from pestering you and keep you from paying money you dont owe.
Receiving a collection letter can be considered the first step in the collection process that could lead to a lawsuit being filed against you to collect the debt. A collection agency from whom you have received a letter will typically turn the file over to an attorney if they are unable to acquire a payment.
Note that once you send a debt verification letter, the collection agency is required to pause collection efforts until its provided an adequate response to your request.
You can send creditors debt settlement negotiation letters, but creditors wont lower the amount of your debt unless they truly believe: Youre unable to pay. You havent paid in awhile. You may file for bankruptcy, which could cancel your debt, if they dont settle.
Ignoring or avoiding a debt collector is unlikely to make the debt collector stop contacting you. If you believe you do not owe the debt, you should tell the debt collector. If the debt is yours and you cant afford to pay it, you may be able to decide with the debt collector.
Your Right to a Validation of the Debt After receiving your request, the debt collector must provide you with information about the debt, including the amount owed and to whom it was owed. Collection activities must stop until they provide this information.