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Debt validation letter no response?
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Debt validation letter no response?
This is the ideal response for you, because it means that the debt collector has no way to make you pay the debt In a Nutshell. However, there are certain pitfalls to be aware of before signing on for one of these. A debt verification request is a letter that you, as the consumer, can send to the debt collector to ask for information about the debt they're collecting. Apr 25, 2024 · 37+ Free Simple Debt Validation Letter Templates. INeedCreditHelp 123 Any Street If a debt collector is unable to validate a debt in response to a consumer's debt validation letter, it has several implications and potential courses of action: Cease Collection Activities: The debt collector is generally required, under the Fair Debt Collection Practices Act (FDCPA), to cease collection activities until they can provide the. For example, you could put the benefits or requirements of. If you receive the debt validation letter, it will include the details and documents proving that the debt is under your name, and you will be legally. Use this Debt Validation Letter template. Jefferson Capital Response to Debt Validation Hello, I sent a DV letter to Jefferson Capital (also disputed with Credit a bureau month before and was "validated") and got the below in the mail last Monday. Request proof of the debt’s validity within 30 days. According to the Fair Debt Collection Practices Act, the letter must include: Which creditor the debt collector represents. I would say, generally, the usual range is between 1–30 days or they never respond. If the judge favors the creditor, the court will issue a civil judgment to the landlord or the collection agency. Documentation showing you have verified that I am responsible for this debt, or a copy of any judgment; 4. If you need to send a collection letter, these collection letter template examples will save you time. We've found mailing via USPS Priority Mail is usually the best option. Place a pause on the collection's proceedings. This response, known as the debt validation letter, is their proof of your obligation to pay the debt. Many debt collectors will simply give up after receiving it. However, there are certain pitfalls to be aware of before signing on for one of these. You should file your Answer by 10 am on the Monday after 20 days have passed since you were served. Check out a sample debt validation follow-up letter you can send to the collection agency if they do not respond to the validation letter sent earlier. The Validation of Debt Process. Don't be afraid to sue a CA. Sample Debt Validation Letter. Please note, this letter is my own and unrelated to any Al-Anon approved literature. In the letter, you state that you don't know what the debt is and you request that the creditor validate the debt If a creditor can't validate a debt or delinquency, like a loan account with a balance still on it, it must legally remove that account from its. In response to consumer requests for original creditor information;2 As regards prospective compliance with the CCFA, please provide: 6. If a child or children wish to keep the home and take over. Posts: 19 Credits: In December I sent a debt validation latter via certified mail to Fredrick Hanna & Associates. Please note, this letter is my own and unrelated to any Al-Anon approved literature. Be inspired or even copy and paste. The agency has never attempted to contact me. This letter is being sent to you in response to: Check One (1) ☐- Notice sent to me on _____, 20___. Learn about debt validation requirements and the right to question the validity of a debt. This letter is in response to your contact _____ [Contact method] on _____ [Contact date] at _____ [Contact time] about the alleged. Be advised this is not a refusal to pay, but a notice sent pursuant to the. Any fees added by your agency 392. Back-to-back letters of credit occur when a buyer gives a letter of credit to a seller, who then obtains a letter of credit for a supplier. Perplexing Response to Debt Validation Letter I read your debt validation (DV) section and wrote a DV letter to one of my creditors. Create your own professional Debt Validation. The FDCPA requires collection agencies to give consumers specific information in its first communication, which is generally called a "debt validation notice," including: the amount of the debt. After you've sent your debt verification request, the next step is to understand the response you receive from the debt collector. If you are sued you must answer the complaint. Draw your signature, type it, upload its image, or use your mobile device as a signature pad Share your form with others. A Debt Validation Letter is the best move. Debt collectors are legally required to send one within five days of first contact. Dispute with all 3 credit bureaus. Please be aware that our previous response fully complies with all applicable State and Federal laws and statutes. The consumer does not include any information in support of the dispute38(d)(2)(i), ABC debt collector provides the consumer a copy of verification of the debt Validation means showing that you are the correct debtor and that the amount owed is what the creditor claims it to be. Today, you received a debt validation letter in the mail that you owe the hospital an extra $800, and the amount has gone to collections. I received a bill and don't know why I received it. Documentation showing you have verified that I am responsible for this debt, or a copy of any judgment; 4. Centers of either one must conform to the existing rules — not what they would like the rules to be. Once you have the verification letter, you have 30 days to dispute the debt in writing, either via email or certified letter. The original balance. The current balance. 42: Use the sample letter on the next page to ask for more information about this debt. Online service SoloSuit wants to help Americans who are being sued for a debt fight back using automated tools. A statement affirming that if you dispute the debt, the debt collector will supply you with the verification of the debt or judgment via mail. Please note, this letter is my own and unrelated to any Al-Anon approved literature. Let's continue with the example from above. Legally, a debt collector has to send you a debt verification letter within five days of their first contact with you. We really don't want to sue for $117, and I'm even willing to do a PFD or settle, just to get it off the report, but in reality it needs to come off without money out of pocket! I sent a Validation of Debt letter, no response; now what?! Date: Thu, 06/10/2010 - 09:55. After receiving a DV letter, a CA might: call or write to collect the debt, send you a summons and complaint for judgment (sue you), or verify your account to the CRA's Each of these are violations of the FDCPA and with proof, you can sue and win $1000. Address the debt collector by name or company name, and include their address. (800)-530-OVLG Free Consultation I am writing this letter in response to the phone call/letter received from you on (Date). WalletHub makes it easy t. A debt validation letter is a letter your creditor sends to you after acquiring your debt or in response to a debt verification letter you send. I do not believe that I owe this debt or what you say I owe. I should point out that requesting debt validation can be a useful tool when navigating tough financial times. It's a letter you send to the debt collector to ask, "Hey, can you show me that this debt is actually mine?". I do not reject to provide with the debt amount. Here's a video with more info on Debt Validation Letters. Read the background below Fill in your information on the sample letter and edit it as needed to fit your situation. Send a Debt Dispute Letter. Debt validation letter vs. However, there are certain pitfalls to be aware of before signing on for one of these. The name of the creditor. The address of the original creditor. Debt validation letter vs. A debt validation letter is the document sent by a collection agency, showing that the debt exists and. Let's hope that the violence subsides, the valid voices of peaceful protesters are heard, and the lack of social distancing protocols does not lead to a resurgence in the sprea. Study the structure, tone, and content to craft an effective letterorg. So this seems to be a response from either the dispute or letter request that was done over the phone, should I expect anything more once they receive my letter? Thanks for your help and advice. It asserts your rights under the Fair Debt Collection Practices Act (FDCPA). y2k jeans Within 30 days, you have a right to notify the collector that you dispute all or any portion of the debt. 2. NO That is not sufficient. Body - Paragraph 2 - How debt should be handled if no debt is registered to you. Ask them for proof that you owe the debt. Updated Jul 15, 2024 Key Takeaways: Ask for debt validation when a collection agent attempts to collect a debt. These samples serve as templates that you can adapt to your specific situation. Pursuant to the Fair Debt Collection Practices Act, Section 809(b), Validating Debts: "If the consumer notifies the debt collector in writing within the thirty-day period described in subsection (a) that the debt, or. A debt validation letter will help you know for you that you're paying the legitimate collector. In the letter, you state that you don't know what the debt is and you request that the creditor validate the debt If a creditor can't validate a debt or delinquency, like a loan account with a balance still on it, it must legally remove that account from its. Many serial killers have 13 letters in their names. For decades, starting in the 1980s and up to th. I sent them a debt validation letter. A debt validation letter is a document from a debt collector providing information about a debt you may owe. When you fail to pay a debt, you can expect to receive a series of telephone calls and letters from your creditor requesting payment. "Put simply, our laws should protect all workers, not just one type of work. And a collector's duty to verify a debt only kicks in if you send a specific, written request for verification. Dec 5, 2023 · A debt validation letter reports the specifics of your debt from a collection agency. As a validation notice (if validation information is not provided in the initial communication; if it is, please so state); c. Debt Payment Plan Agreement Letter - This letter is specifically used by debtors to clarify details to their debt providers or to a financial agency. if you don't dispute the debt's validity, the collector will. (Texas) I sent out a DV (debt validation) letter back in November of 2020 to Midland Funding LLC but have yet to hear from them. If you receive the debt validation letter, it will include the details and documents proving that the debt is under your name, and you will be legally. As a small business owner, you know the i. Debt validation letter vs. hey favor I immediately responded asking to validate this account. If not, the agencies do not have to respond at all and can continue collection efforts including reporting to the CRAs. File a dispute within 30 days. The creditor still owned the account, they had not sold it to a debt collector. Once the debt collector has made contact, they have only five days to provide a debt validation letter. The purpose of Congress in establishing the DV process was not to impose a mandatory validation requirement on the debt collector. ☐- Response to a listing on my Credit Report. These Validation Letters and Credit Validation Letter Samples may be used for Free. You can send a validation request, but they will not be required to respond, because they could claim they sent you the notice in 2017 and you did not send a timely validation request 📫 Get five sample letters, detailed instructions, and almost an hour of attorney instruction on how to use dispute letters to. The letter needs to include very specific information: The company or person you owe money to. Advertisement Going to college is expensive In this age of electronic communication, the art of letter writing has all but been lost, but the knowledge necessary to address an envelope is something we all should certainly po. Below are 5 sample debt collection letters , including a Debt Validation Letter Template that consumers can consider using when corresponding with third party debt collectors. cedar city traffic cameras This letter was by certified mail. A debt validation letter is the response from the debt collection agency proving that you owe the debt they claim you owe. Moreover, a well-drafted debt validation template. Re: Your Account No: Dear Sir/Madam, I checked a copy of my credit report and realized that there was a collection reported from your agency, which I was not notified about. Welcome to the myFICO forums! As I understand it, once you have informed a CA to cease and desist it is a $1,000 penalty for each occurrence with a maximum aggregate of $10,000 in fines. The creditor still owned the account, they had not sold it to a debt collector. This section is the FDCPA's most technical, and unlike. Debt Validation Letter sent out to Midland Funding LLC, no response yet. State that you are aware of your rights under the FDCPA and are. If you suspect that a scam is at play, consider the following advice. a statement that if the consumer notifies the debt collector in writing within the thirty-day period that the debt, or any portion thereof, is disputed, the debt collector will obtain verification of the debt or a copy of a judgment against the consumer and a copy of such verification or judgment will be mailed to the consumer by the debt collector You can find a sample debt validation letter on the Consumer Financial Protection Bureau (CFPB) website. 34(c)(5) provides that, for residential mortgage debt, if a periodic statement is required under Regulation Z, 12 CFR 1026. If a child or children wish to keep the home and take over. Because of your failure to include a debt validation notice as required by the FDCPA within 5 days of your initial communication, I was unaware of my rights to submit a debt validation request within 30 days of the receipt. This is in reply to your letter of March 17, 1995, concerning proper verification of a debt under Section 809 of the Fair Debt Collection Practices Act (FDCPA). The word processing application you use probably has templates you can use to create a business letter. BackgroundThis letter tells the debt collector to stop contacting you unless they can show evidence that y. It also includes a brief statement abou. I received a letter and phone calls from a collection agency. But if you haven’t received one within 10 days after the debt collector’s first contact, you should request one.
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Mar 27, 2024 · However, a debt is not "invalidated" if the collector fails to respond to such a letter within 30 days, contrary to the video's claim. Nov 30, 2022 · It must be sent within five days of the first contact. Whether or not the agency is properly licensed has nothing to do with whether or not the debt is valid. That business must respond with proof of their claims. I am writing in response to a notice I received from you on February 25, 2024, regarding the account number. Reference the specific debt, including the amount and any account numbers. There are two main benefits in asking for the debt verification. SoloSuit helps you make your Debt Validation Letter in just 3 minutes. A debt validation letter is a powerful tool that enables debtors to verify the authenticity of their debts. This can make it difficult for debtors to know whether the collection agency has failed to validate the debt or if proof is on its way. Posts: 202330 Credits: it has been over a month and i have received no response to my debt validation letter from Midland Funding. Within 5 days after a debt collector first contacts you, they must provide you a written notice containing: (a) the amount of the debt, (b) the name of the creditor, (c) a statement that the debt collector will assume the debt's validity unless you dispute it within 30 days of receipt of the notice, (d) a statement that the debt collector will send a verification of the debt or copy of the. again la. I'm about to send off a debt validation letter to the 3 credit bureaus for collection accounts to get them removed. In this section, we provide sample debt validation letters as a helpful guide. I don't know how to say it any more simply - the debt validation process, used or not has ZERO bearing on whether a creditor sues you. Validation rights are triggered only after receiving an initial communication from a debt collector. Debt validation is a legal right granted by the Fair Debt Collection Practices Act (FDPCA). October 26, 2021 A QWR is a qualified written request under the rules of RESPA. The information is not valid, it's an invalid debt. What Happens After You Send a Debt Validation Letter. A call from a collection agency or debt collector isn't enough proof. If you don't send the letter within this time frame, the debt collector. Be careful that you don't say anything in your letter that could. my moffitt org This will be interpreted as an acknowledgment that the debt. Reference the specific debt, including the amount and any account numbers. A debt validation letter is a letter that includes basic information about a debt someone is trying to collect from you. I sent a debt validation letter 12/16/19 that says it was delivered 12/26/19 via certified receipt mail. I don't think you understood what I was asking. This is a string of numbers (and. State that you are aware of your rights under the FDCPA and are. Debt Validation Response Letter: This letter is an appropriate response to a debt collector's initial validation letter, demanding additional validation or proof of the debt. A statement about your rights to dispute the debt. My question is do they have 30 days from when I mailed it, or 30 days from when they received it? Aug 16, 2017 · This letter specifies a specific debt, the amount owed, who you owe it to, and when they want you to pay. In response to consumer requests for original creditor information;2 As regards prospective compliance with the CCFA, please provide: 6. Debt validation letter sample Your name Your address. After receiving a DV letter, a CA might: call or write to collect the debt, send you a summons and complaint for judgment (sue you), or verify your account to the CRA's Each of these are violations of the FDCPA and with proof, you can sue and win $1000. Be advised this is not a refusal to pay, but a notice sent pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g stating your claim is disputed and validation is requested. The 2021 Consumer Finance Protection Bureau Debt Collection Rule has made this easier for you, by requiring all debt collectors to provide a tear-off form with the validation notice that you can use to dispute the debt instead of writing a letter. Or read on for some tips. If you do not respond to the letter within 30 days, the debt can be assumed valid by the collector. When you are swimming in debt, a debt consolidation program may sound like a dream come true. The address of the original creditor. Here are 2 exclusive tricks to remove collection accounts from your credit report when debt collectors don't respond to debt validation letter Sometimes, it is important to restate the obvious: Job No. No response to debt validation letter. hf capital Even though you know this is your debt, they are still legally obligated to. Assuming this is within that 30-day window, of course. It's crucial to establish your identity and create a formal tone Reference the Debt Mention the specific debt, including any account number or reference provided by the collector. If you ask a collections agency for debt validation, they don't have to respond in any set period of time. We really don't want to sue for $117, and I'm even willing to do a PFD or settle, just to get it off the report, but in reality it needs to come off without money out of pocket! I sent a Validation of Debt letter, no response; now what?! Date: Thu, 06/10/2010 - 09:55. Do NOT admit to owning the debt. Include your name, address, and account number in the letter. You can disregard this, as they still need to provide proof of the debt , which should be the original credit agreement with your signature. "Put simply, our laws should protect all workers, not just one type of work. This letter is being sent to you in response to: Check One (1) ☐- Notice sent to me on _____, 20___. Begin the letter with a clear and concise request for debt validation. She is served the court Summons and Complaint on March 11th, a Friday. Property values are down, times are tough, and the Wall Street Journal details how to use the current economic situation to significantly reduce your rent with this simple fill-in-. The landlord or any collection agency hired can sue you to collect the debt. Request For Debt Validation Letter. Once you are sued, your priority should be writing your Answer to the court addressing each point in the. Body - Paragraph 1 - Introduction and Request for Validation. a statement that, upon the consumer 's written request within the thirty-day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor. Mar 15, 2024 · A debt validation letter is what a debt collector sends you to prove that you owe them money. How to Dispute a Debt Collector in 4 Steps. motorcycles for sale on craigslist debt validation letter no response. It's crucial to establish your identity and create a formal tone Reference the Debt Mention the specific debt, including any account number or reference provided by the collector. May 5, 2024 · The Debt Collector’s Response: Understanding the Debt Validation Letter. If a parent dies and leaves a house in his or her estate that has an unpaid mortgage, the mortgage continues to be valid. (Click on the "I need more information about this debt" letter on the CFPB website Sometimes, a collector will provide meaningful information, such as a loan or credit agreement, or a loan history, in response to a verification request. This list may seem like a lot to deal with, but remember, these are just requests for information. Debt collectors are, in general, required by law to tell you certain information about the debt, and this information - also known as validation information or a validation notice - can help you learn more about the debt and dispute it if you don't think that you owe it. I am writing in response to the collection notice I recently received regarding the debt associated with the account referenced above. If you're wondering what to say in response to a debt collector, these letters are what you need to start Letter One: You're saying: "This is not my debt Letter Two: You're saying: "Tell me more about this debt Letter Three: You're. Once received, the collector must send evidence to the debtor that the debt is valid. 15 U Code § 1692g – Validation of debts. If you do not answer the complaint, you will lose the case and have a judgment. If you do not comply with this request, I will immediately file a complaint with the Federal Trade Commission and the [your state here. In some states, if you pay any amount on a time-barred debt, or even promise to pay, the debt is "revived That means the clock resets, and a new statute of limitations begins. What should a debt validation notice say? The collector's debt validation notice to you should be made in writing. Bottom line: The law requires debt collectors to provide a validation letter for any legitimate debt. Keep copies of the letter and any response for your records. It is invoked under the Fair Debt Collection Practices Act (FDCPA), providing consumers with the right to challenge the validity of a debt. 1 is to verify the debt exists. Feel free to copy and paste the letter below into your word processor I am writing in response to your {letter or phone call} dated {insert date of letter or phone call}, copy enclosed. While the Court's holding seems straightforward, the Court. Under the debt collection rule, debt collectors have to provide you with certain information about your debt, known as validation information.
A statement affirming that if you dispute the debt, the debt collector will supply you with the verification of the debt or judgment via mail. This letter shows you the details of a specific debt, outlines what you owe, who you owe it to, and when they need you to pay. The debt collector has no power over you, unless it sends you a debt validation letter first. If you receive a phone call from a debt collector talking about a debt you owe them, you can request debt validation over the phone as well No response to my Debt Validation Letter No response to my Debt Validation Letter. I wanted to talk to him, to tell him how monumentally he had grown over the past year. A legitimate debt collector is not playing hokey pokey with the wording of your debt validation/verification letter. Date: Thu, 04/07/2011 - 21:17. rocks vitamin shop Here's a sample letter you can use to request debt validation. Notification that you can request verification of the debt within 30 days. What Is a Debt Validation Letter? A debt validation letter sent by a collection agency is a written request for verification of a debt that they claim you owe. Even though you know this is your debt, they are still legally obligated to. Make sure you date your letter, and include your name and address as well as the name and address of the collection agency. They never - 4248997. craigslist los angeles rvs for sale by owner This isn't a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply. Call the FTC's Consumer Response Center at 877-FTC-HELP (1-877-382-4357) if you have any questions. There are unwritten rules while traveling A letter of undertaking is used by an individual company, or broker, for raising finances for a specific initiative, and will also highlight the issues and responsibilities of the. You can customize this sample credit letter and send it to debt collectors who on a debt that has an expired statute of limitations. This is not a request to verify the debt but rather a request for you to provide USA Today defines a debt verification letter as a document a consumer sends to request information about the debt. Legally, a debt collector has to send you a debt verification letter within five days of their first contact with you. w101 copy qhat Settling the debt while it is with the debt collection agency would allow you to put the matter to rest. Debt Validation Letter Purpose of Letter. Here's a video with more info on Debt Validation Letters. Here are FIVE free letters you can use to respond to debt collectors, demand verification of debts, stop collection, and dispute the debt. If you are sued you must answer the complaint. Private letter rulings, comm. Be careful that you don't say anything in your letter that could. For someone who cannot access the needed money, or commit to a payment plan due to limited resources, or who does not want to file.
This is a document sent by a collection agency, showing that the debt exists and you are responsible. Wait for Response: Legally, Midland Credit Management must respond to your debt validation letter within 30 days. (Texas) I sent out a DV (debt validation) letter back in November of 2020 to Midland Funding LLC but have yet to hear from them. If you don't send the letter within this time frame, the debt collector. Response To Collection Letter. Federal law gives you 30 days to request that the collection agency validate your debt. debt validation letter 2021. The Collector's Response. you have 30 days to dispute the validity of the debt. A debt verification letter is a document a consumer sends to request information about debt. Here is a sample debt validation letter which will help you to ask for debt validation. Approval: Debt validation. Frequently, people get sued out of the blue by debt collectors. Step 1 – Initial Contact. To send the letter, you need to print the letter and mail it via a trackable method. Ensure that the letter is sent via certified mail with a return receipt, guaranteeing that you have documented proof of your request If no response is received within a. You should do this within 30 days of the time. prayers for paisley reddit Step 3: Send the letter. If you do not receive a debt validation letter, it could be that: 1. I do not reject to provide with the debt amount. This means you need to have access to a functional printer, and you need to know how to use the post office. Then the collections has 30 days from when they receive the dispute from the bureaus, to validate said debt (or it falls off your report). If you do not respond to the letter within 30 days, the debt can be assumed valid by the collector. Debt collectors have no deadline to respond to a debt validation letter The FDCPA empowers collectors to keep debtors in a state of uncertainty until the statute of limitations expires. Here's a video with more info on Debt Validation Letters. Updated Jul 15, 2024 Key Takeaways: Ask for debt validation when a collection agent attempts to collect a debt. The Narendra Modi government is lining up Air India for privatisation, but there’s a four-letter word that could stall the national c. The amount they claim is owed. My question is do they have 30 days from when I mailed it, or 30 days from when they received it? This letter is being sent to you in response to: Check One (1) ☐- Notice sent to me on _____, 20___. Feel free to copy and paste the letter below into your word processor I am writing in response to your {letter or phone call} dated {insert date of letter or phone call}, copy enclosed. A debt validation letter is a powerful tool that enables debtors to verify the authenticity of their debts. Debt validation (or verification) can be an important step in determining whether you have grounds to contest a debt that you allegedly owe. What Happens After You Send a Debt Validation Letter. Dec 5, 2023 · Unfortunately, a debt collection agency can take as long as they want to respond to your request to validate an existing debt. Rather, this letter is being written and will be sent approximately 45 days after the initial communication. This letter should clearly state that you are disputing the debt and requesting validation. To help prevent errors, debt collection agencies must follow specific state and federal laws when contacting you about debt or reporting negative information about your borrowing habits to the three major credit bureaus. upmc medicare flex app And you have to send your letter within thirty days after getting that notice I mailed it on January 8, 2019 and they have yet to respond regarding the debt validation. The right business letter closings will convey the message of your letter by summarizing your key points and leaving the reader wanting to learn more. The name of the creditor seeking payment. This will be interpreted as an acknowledgment that the debt. I have a credit card debt that's in a collection agency now - Calvalry Portfolio Services, LLC at PO Box 520, Valhalla, NY 10595. That was before 3/25/22, but then I mailed my own validation letter as you can see above and that went out certified mail on the 26th. ( Will attach below) One dated 12/10/22 $864 Second dated 1/10/23 $903 Final dated 10/10/23 $1456 In response, you file a 623 dispute letter with the original creditor or lender. The letter reports what you owe, who you need to pay and when you must pay. Sep 11, 2018 · City, State Zip This letter is sent in response to [a letter/phone call] received by you on [date you received the letter/call]. KLM last week launched a new socially conscious campaign. Jan 29, 2024 · Debt validation letters and debt verification letters may sound similar, but they're different. Let's hope that the violence subsides, the valid voices of peaceful protesters are heard, and the lack of social distancing protocols does not lead to a resurgence in the sprea. One of the most important sections within the Fair Debt Collection Practices Act, or FDCPA, is section g, which describes the debt dispute and validation process, including the precisely worded notice that you must be given about your rights. You can disregard this, as they still need to provide proof of the debt , which should be the original credit agreement with your signature. The personal representative of a decedent's estate is charged with paying their debts. If you do not receive a debt validation letter, it could be that: 1. A debt validation letter is the response from the debt collection agency proving that you owe the debt they claim you owe. I don't think you understood what I was asking.