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Attempt to Validate Debt The following is a sample letter requesting a collection agency to validate that they owe you a debt. You can also try this letter. Confused about how to use this form or have questions about the debt validation technique? We are here to help! Call us to speak to a credit [...]
Cease and Desist The following is a sample letter requesting a collection agency to cease and desist contact with you for a debt owed. CEASE and DESIST COLLECTION EFFORTS Cheatem Collections 123 Fagetaboutit Ave Chicago, IL 17 April 2000 RE: Account 5145454156 Dear Sir or Madam: I request that you CEASE and DESIST in your [...]
Reduction of Debt The following is a sample letter requesting the reduction of a debt owed. AGREEMENT TO COMPROMISE DEBT ABC Collections, Inc, referred to as COLLECTION AGENCY and John Q. Consumer, referred to as CONSUMER, agree to resolve the matter of the alleged debt, originally held by the ______________________ Company, hereafter referred to as [...]
Californians get a special break on full payment laws due to a legal loophole. California lets creditors cross out the full payment language and sue you for the balance. However, when they passed this law, they also passed a separate law allowing California debtors to get around it. (Don’t ask me why). Getting around this [...]
Removing inquiries Prepare letters to each inquiring creditor asking them to remove their inquiry. The Fair Credit Reporting Act allows only authorized inquiries to appear on the consumer credit report. You must challenge whether the inquiring creditor had proper authorization to pull your credit file. Your letter can go something like this: Re: Unauthorized Credit [...]
Follow up letter to initial credit bureau contact. In this letter, and all succeeding correspondence with the credit reporting agency, you need to get increasingly threatening. Your Name 123 Your Street Address Your City, ST 01234 Credit Bureau Credit Bureau Address Some City, Any State 56789 Date: RE: Dispute Letter of Date you sent in [...]
Requesting the removal of inaccurate information Always include any copies of proof you may have (i.e., cancelled checks showing timely payments, paid off accounts, loans: anything that will show the information is indeed erroneous). It never hurts to include the consequences that have resulted from this wrongful information as well. The credit agencies give the [...]
Sample letter 1 – Removal of Inaccurate Information The following is a sample letter requesting the removal of inaccurate information. Always include any copies of proof you may have (i.e., cancelled checks showing timely payments, paid off accounts, loans: anything that will show the information is indeed erroneous). It never hurts to include the consequences [...]