The letter helps you get information about why the creditor is coming after you.
A debt verification letter is how you ask the creditor for information about the debt and why they think you owe it. You can get documents showing who the original creditor is and how they calculated the amount of money they say you owe. To learn more about debt verification letters visit www.masslegalhelp.org/debtverification.
Use these instructions to review and send your letter.
LETTER TO CREDITOR REQUESTING VERIFICATION OF THE DEBT
Your office alleges that I owe money on a debt you referred to as account. Pursuant to the Federal Fair Debt Collection Practices Act I would like verification of this debt including all information concerning:
1. The name and address of the creditor to whom the debt is currently owed, the account number used by that creditor, and the amount owed.
2. If this debt started with a different creditor, provide the name and address of the original creditor, the account number used by that creditor, and the amount owed to that creditor at the time it was transferred. When you identify the original creditor, please provide any other name by which I might know them, if that is different from the official name.
3. When did you obtain the debt and who did you get it from?
4. Provide verification and documentation that there is a valid basis for claiming that I am required to pay the debt to the current creditor. For example, can you provide a copy of the written agreement that created my original requirement to pay?
5. If you are asking that I pay a debt that somebody else is or was required to pay, please identify that person. Provide verification and documentation about why this is a debt that I am required to pay.
6. State the amount of the debt when you obtained it, and when that was.
7. If there have been any additional interest, fees or charges added since the last billing statement from the original creditor, provide an itemization showing the dates and amount of each added amount. In addition, explain how the added interest, fees or other charges are expressly authorized by the agreement creating the debt or are permitted by law.
8. Have you made a determination that this debt is within the statute of limitations applicable to it? Tell me when you think the statute of limitations expires for this debt,
9. Explain how the amount you are trying to collect was calculated. In addition, explain how the changes or adjustments are expressly authorized by the agreement creating the debt or permitted by law.
10. Does your firm have a debt collection license from my state? If not, say why not. If so, provide the date of the license, the name on the license, the license number, and the name, address and telephone number of the state agency issuing the license.
11. If you are contacting me from a place outside my state, does your firm have a debt collection license from that place? If so, provide the date of the license, the name on the license, the license number, and the name, address and telephone number of the state agency issuing the license.
Please send me a copy of:
12. Please provide documentation of the amount you are trying to collect.
13. The last billing statement sent to me by the original creditor.
14. If there have been any payments, reductions, changes or adjustments since the last billing statement from the original creditor, provide an itemization showing the dates and amount of each of them.
Please send this information to me ataddress. Please treat this debt as being in dispute.
In addition to providing the information requested above, as information only, please let me know if you will accept less than the balance you claim is owed. If so, please tell me in writing your offer of the amount to fully resolve the account.
Thank you for your cooperation. Sincerely, ________________________________
This form was prepared using form preparation software without the assistance of counsel.
Type the name of the company that wrote or called you most recently, not the company you originally owed money to.
But,beware, the creditor may try harder to collect the debt than if you had not sent the letter.