It is common for my clients or readers to wonder how to dispute a debt. The first thing I like to explain is what dispute actually means. Once you understand the definition of dispute, you will begin to see how most people in debt needs to dispute their debts first. In a nutshell, dispute means to debate, disagree with, or argue something.
Many people wonder if calling their creditor or debt collector and informing them that you are disputing the debt will be effective. I am telling you today that it won’t be. Effective dispute depends on timing and following specific steps. I have learned these steps from helping thousands of people go through them. With my help, thousands of consumers have become completely free of debt or settled for pennies on the dollar. I want these kinds of results for you, so keep reading.
Even after knowing the definition of what disputing a debt means, many consumers choose to attempt a dispute over the phone. Disputing debt over the phone is basically useless. It provides you no evidence in court that the debt was disputed. This leaves you completely unprotected in the event that a creditor or debt collector decides to sue. Not to mention the fact that the creditor or debt collector will not treat you any better and will most likely harass you even more aggressively.
Credit and debt counselors often advise consumers to send debt verification letters to their creditor or debt collector. These letters are a waste of time because all they require is for a creditor or debt collector to confirm your name and address. The name and address of almost anyone in the United States is readily accessible online. In no way do a name and an address prove that a consumer owes their creditor or debt collector money.
There are a few other problems with debt verification letters. First, they do not stop the creditor or debt collector from harassing you. Second, they provide no proof that you had an account with the creditor or debt collector. Third, they provide no legal protection. Due to these facts, debt verification letters provide little help when learning how to dispute a debt.
I am now gong to share with you the most effective way to dispute a debt. The process that will get you the most results is the process of sending debt validation letters. Debt validation is so powerful because federal law backs it. The FDCPA or Fair Debt Collection Practices Act sets forth terms and conditions that must be met by any creditor or debt collector once a request for validation is made. Thus, debt validation letters offer much more protection and help than debt verification letters.
Debt validation letters also protect you due to the fact that a debt collector cannot continue their collection efforts after a request for validation has been made, unless they completely validate your account. This offers more protection than you think because rarely do debt collectors have enough information to validate your account. Now that you know that debt collectors rarely have the proper information to validate an account, you can stop their collection efforts with a well-written debt validation letter.
The most effective way to continue learning about how to dispute a debt is through an online mini course. These courses are designed to share with you the best tips and tricks to ensure you are successful in your debt dispute.
Want to find out more about how to dispute debt? Then visit Kente Wallman’s site on how to choose the best debt dispute letter for you.
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February 1st, 2012
Kente Wallman
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