If a borrower doesn’t pay their bill, then the collector buys these past-due payments from the business or creditor. They then try to collect what the person owes. To do this, they send debt collection letters.
5 Compliant Debt Validation Letter Templates and Samples
Beyond defining inconvenient collection times, types of letters to send and where to send them…there’s one specific requirement from the Act that’s a pain point for organizations trying to collect from debtors. Debt validation letters. Here are 5 FDCA-compliant debt validation letter templates and samples.
