Letters To Bankruptcy Letter To Creditors
Sample Letter Explaining Bankruptcy
Instead of relying on templates found online and then filling in your information, it’s better to write or type letters to creditors. This makes it easier for you to explain your problem without feeling limited as far as space is concerned. You are better positioned to explain in detail what action you want the debt collection agency to take.
How To Write Letters To Creditors
To make it easier to read, focus on the facts, don’t leave out any details, and be as brief as possible. You can send the letter by mail, return the receipt requested, and keep the green cards with the letters. Make a copy of any letters you send the creditors.
Sample Letter To Request Verification Of A Debt
You can send a letter to request verification of a debt to request a debt collector to provide proof that you owe a debt. There is a 30-day deadline after your creditor contacts you to send the request for a verification letter. Do not make this request over the phone.
Remember federal law gives you the right to request a debt collector to prove that you owe a debt. But this right is no longer valid if you wait more than 30 days to make the request after being notified about the debt.
Use the following sample letter as a guide:
Your name
Your address
Date
Collection agency name
Collection agency address
On (date), a debt collector with your agency contacted me regarding the collection of a debt. According to the debt collector, I owe $ (Exact amount of money) to (Name of creditor the collection agency says you owe the money to) on (Account number, if applicable). I am writing to request written verification of that debt, as allowed under the Fair Debt Collection Practices Act. Therefore, I expect that the next time a debt collector with your agency contacts me, it will be to provide the written proof I have asked for.
Thank you,
(Your signature)
(Your name)
How To Write A Letter To Dispute A Debt
You need to send this letter within 30 days of receiving a notice of a debt from the creditor. Here is a sample of a letter to dispute debt:
Your name
Your address
Date
Collection agency name
Collection agency address
I am responding to your contact about collecting debt on (date). According to the debt collector, I owe $ (Exact amount of money) to (Name of creditor the collection agency says you owe the money to) on (Account number, if applicable). However, I do not believe that (State what you disagree with. For example, you do not believe that the debt is yours or you do not agree with the amount of the debt.) Therefore, I am writing to request written verification of the debt, as allowed under the Fair Debt Collection Practices Act. I expect that the next time someone with your agency contacts me, it will be to provide the written proof I have requested.
Thank you,
Your signature
Your name
Most other kinds of letters you send to creditors follow a similar format to the samples above.
