Validating a debt
If you encounter such behavior, you can file a complaint with the Consumer Financial Protection Bureau.
The letter below is a sample debt validation letter.
Ask for the debt collector’s mailing address at this time as well, in case you decide to request a debt verification letter.
The validation letter might leave you with more questions than answers.
We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.The third party is the credit bureau or the consumer reporting agency.These are companies like Experian, Equifax, and Transunion.In your letter, ask for details on: You may want to send this letter by certified mail and request return receipt so you can document the correspondence between you and the debt collector.
Although you can ask for many details, debt collectors are only required to provide information on the original creditor, the balanced owed and the name of the person who owes the debt before resuming collection efforts.
When the original creditor gets tired of trying to collect the money, they sell the debt to the second party in the process: the debt collector.