Write a Collection Agency to Stop Them from Reporting Zombie Debt
If a collection agency is coming after you for zombie debt (debt which is outside of the statute of limitations), here is the letter you should send them. This letter is a triple whammy – it tells the collection to get lost because the debt [...]
Debt Validation You don’t have to go quoting a bunch of laws and regulations the first time you request debt validation from a collection agency. Really! Merely requesting it is sufficient to start the ball rolling under the FDCPA.
<Name>
<Address>
<Collection Agency>
<Collection Agency Address>
<Date>
Re: Acct XXX-XX-XXXXX
I just pulled a copy of my credit report and noticed that [...]
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 [...]
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 efforts to collect on the above referenced [...]
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 law [...]
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:
[...]
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 first or subsequent requests
Dear Credit Bureau,
This letter is [...]
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 that [...]
