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Debt collectors must provide proof that a debt they’re attempting to collect is, in fact, yours. You can send a letter to request documentation of a debt, or even dispute that a debt belongs to you.
A dispute letter will not eliminate existing debt that you cannot pay (or don’t want to pay). The original lender or a collection agency typically has the supporting information behind each debt.
The letter should state that you dispute the debt’s validity and would like documentation to verify it. ... “For example, if the levy concerns a $500 debt, then it would make little sense. On ...
Debt validation, or "debt verification", refers to a consumer's right to challenge a debt and/or receive written verification of a debt from a debt collector. The right to dispute the debt and receive validation are part of the consumer's rights under the United States Federal Fair Debt Collection Practices Act (FDCPA) and are set out in §809 of that act, which has been codified in Title 15 ...
Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.
A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong.