How to deal with Debt Validation and Dispute Handling

Life happens and sometimes that means that you are unable to pay bills and with that you will go into collection. It can be a stressful situation but when you have us by your side you don’t need to panic. When managing debt collectors, you have a lot of rights, because of the Fair Debt Collection Practices Act. Below we discuss a few points that will help you in debt validation and dispute handling.

Make sure that you receive all the information in writing. Within five days of reaching you, a collector must send you a composed notice revealing to you the measure of cash you owe, the name of the creditor and what move to make if you are sure that you don’t owe the cash, as indicated by the obligation accumulation act.

In the case when you know that you do not owe money, dispute the debt in writing. If you send the collection office a letter within 30 days of getting the composed notice expressing that you do not owe money, a debt collector can’t get in touch with you. Ensure that you keep a duplicate of the letter as a feature of a paper trail on your debt. Facilitate, your reaction to the collector should be sent by ensured mail. You should send a certified copy or else they’ll deny accepting it.

The Fair Debt Collection Practices Act gives the collector a few rights, as well. A debt collection firm can restore accumulation exercises on the off chance that it provides you with confirmation of the obligation, for example, a duplicate of the bill you owe.

  • Keep records of telephone calls and messages. Keep a document with notes from telephone discussions and duplicates of all composed correspondence to and from the collector.

 

  • Record the day and time of each accumulation call, the collection agency’s name, the sum it says you owe and an outline of the discussion.

 

 

  • Keep any voice messages.

Debt collectors have numerous limitations. With regards to gathering calls, the debt collection act says there is much that authorities can’t state or do, and these include:

  • Using harsh or profane dialect.
  • Harassing you with rehashed calls.
  • Calling before 8 a.m. then again after 9 p.m. unless you concur.
  • Calling you at work in the event that you have requested that they stop.
  • Talking to anybody yet you or your lawyer about the obligation.
  • Misrepresenting the measure of your obligation.
  • Falsely asserting to be a lawyer or a law authorization official.
  • Falsely asserting to be a credit department agent.
  • Threatening to sue unless they really plan to make lawful move.
  • Threatening to topping wages or seize property unless they really mean to do it.

Try your best not to say much, rather stand firm. Keep the discussion as short as could be expected under the circumstances.

Debt validation and dispute handling can help you know where you stand in the court of law and it also ensures that you are aware of what a debt collector is and is not allowed to do. 

Back to Top