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Debt Validation Letter: Definition and Sample

Credit Corp

While a debt collector contacting you can be stressful, it’s important to pause and remember your rights as a debtor. The letter should include details about the debt, the original lender, and the debt collector’s authority to collect the money. Before paying the debt collector, verify that the debt is actually yours.

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How to Remove Collection Accounts from Your Credit Reports

Credit Corp

FAQ Consider Hiring a Credit Repair Company How Collection Accounts Impact Your Credit Collection accounts have a significantly damaging impact on your credit score because they’re negative marks that indicate to lenders you may not pay your bills on time—or ever. Does your account information seem accurate?