What information does a debt collector have to provide about a debt?
Every collector must send you a written “validation notice” telling you how much money you owe within five days after they first contact you. This notice also must include the name of the creditor to whom you owe the money, and how to proceed if you don’t think you owe the money. You also have a legal right to request further validation of the account in question by sending a letter requesting the collector to validate the debt. This process is known as "Debt Validation". The creditor is required to provide you with documentation of the debt such as a billing statement showing the current balance and activity on the account, or possibly a copy of the original credit application you completed when you applied for the account.
Q: What types of debts are covered under the Fair Debt Collection Practices Act?
Q: Can a debt collector contact me any time or place?
Q: How can I stop a debt collector from contacting me?
Q: Can a debt collector talk to anyone else about my debt?
Q: What information does a debt collector have to provide about a debt?
Q: What practices are not legal for debt collectors?
Q: Can a debt collector garnish my wages or bank account?
Q: What benefits cannot be garnished?
Q: Where can I report a debt collector for an FDCPA violation?
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| Our Program | Debt Consolidation Loan | Credit Counseling | Minimum Payments |
|
| Total Unsecured Debt | $30,000 | $30,000 | $30,000 | $30,000 |
| Months To Pay Off | 46 | 60 | 60 | 433 |
| Interest Paid | None | 12% | Variable | 18.99% |
| Monthly Payment | $498 | $667 | $855 | $900 |
| Total Est. Cost | $22,950 | $40,040 | $51,300 | $80,619 |
* The above numbers are an example of past performance and are not intended to be a guarantee of any future settlement results.
