What is a 1692g letter?
What is a 1692g letter?
§1692g(a). The validation notice must inform consumers that, among other things, the debt collector will verify the debt if the consumer disputes it in writing and that, upon the consumer’s written request, the debt collector will provide the name and address of the original creditor.
Who is a debt collector under FDCPA?
The FDCPA defines a debt collector as any person who regularly collects, or attempts to collect, consumer debts for another person or institution or uses some name other than its own when collecting its own consumer debts.
What is required for debt validation?
A debt validation letter should include the name of your creditor, how much you supposedly owe, and information on how to dispute the debt. After receiving a debt validation letter, you have 30 days to dispute the debt and request written evidence of it from the debt collector.
How do I write a letter requesting debt validation?
How to Write a Debt Verification Letter
- Determine the exact amounts you owe.
- Gather documents that verify your debt.
- Get information on who you owe.
- Determine how old the debt is.
- Place a pause on the collection proceedings.
Can you sue a creditor for violating the FDCPA?
If a debt collector violates the FDCPA, you may sue that collector in state or federal court. You can even sue in small claims court. You must do this within one year from the date on which the violation occurred.
Is it better to pay a debt collector or the original creditor?
It’s much better to deal with creditors than debt collectors. Whatever the past-due debt is for – doctor bills, credit card payments, car loan – the creditor may still see you as a potential return customer. You may be able to deal directly with the original creditor, but you won’t know until you ask.