Free Debt Collections Letter Template - Sample - Word.
In other cases, the collection agency may be hired by the creditor to recover a delinquent debt. If you receive a letter from a collection agency, it is important to have the debt validated. Some collection agencies try to collect on invalid debts. Others may try to collect an excess amount. Responding to the collection letters in writing is.
In this event, you’ll need to submit a new debt validation letter as soon as you hear from them. If they don’t send you the proper validation, you have a few different ways to respond. You can ignore the debt completely, but the collection attempts won’t stop and it’ll be difficult to increase your credit over the coming years — not to mention qualify for new credit.
Address the letter as you would any business letter. Include a block for your name and address, then one for the name and address of the collection agency.
Debt collection letter template. Debt collection letter template A debt collection letter is generally known as “letter of demand”. It demands the subject of debt to settle the outstanding bill, which is in default, within the certain time specified, and informs him about the total debt amount.
Follow that by informing the collector that you are writing this letter as part of you rights protected under the Fair Debt Collection Practices Act, Section 809(b): Validating Debts. Add to your letter your request that the attorney provide you the total amount you owe, proof that he has the right to collect this debt, and the name of the original creditor to whom this debt is owed.
Get Legal Help with Your Debt Collection Needs. If you need assistance writing a demand letter or have exhausted all options and now need to file a lawsuit, you'll need legal advice. Contact a skilled collections lawyer to help you craft a debt collection letter or file a lawsuit in order to recover the debt.
Information about whether you or someone else may owe the debt; When a debt collector first contacts you in writing regarding a debt, it must provide you a written notice that has certain, legally-required information. If the collection agency first contacts you by phone, insist that they contact you in writing.