Credit Repair 2

Add this document to the Validation Letter below to protect your consumer rights.

CREDITOR/DEBT COLLECTOR DECLARATION

Please provide all of the following information and submit the appropriate forms and paperwork within 30 days from the date of your receipt of this request for validation.

Alleged Creditor‘s name & address: ____________________________________________________

Name on File of Alleged Debtor: __________________________________________________________

Alleged Account Number: _______________________________________________________________

Address on File for Alleged Debtor: _______________________________________________________

Total amount of alleged debt: $________________________________________________________

Date alleged debt became payable: ______________________________________________________

Date of original charge off or delinquency: ________________________________________________

Was this debt assigned to or purchased by debt collector: ______________________________________

If debt was purchased, what amount was paid: $_______________________________________________

Commission for debt collector if collection efforts are successful: $____________________________

Please attach a copy of any signed agreement that grants you or a client the authority to collect this alleged debt.

Please attach a copy of any signed agreement alleged debtor has made with any debt collector, or other verifiable proof that alleged debtor has a contractual obligation to pay any debt collector.

Please attach a copy of any agreement bearing the alleged debtor‘s signature, indicating alleged debtor’s liability to pay alleged debt.

Please attach copies of all statements while this account was open.

Has any creditor regarding this account made any insurance claims? YES NO

Has any creditor regarding this account obtained any judgments? YES NO

Please provide the name and address of the bonding agent for Debt Collector, in case legal action becomes necessary:

_______________________________________________________________

___________________________________________________________________________________

Authorized Signature of Creditor Print Name & Title Date

You must return this completed form along with all requested information, assignments or other transfer agreements, which would establish your right to collect this alleged debt within 30 days from the date of your receipt of this letter. Your claim will not be considered if any portion of this form is not completed and returned with copies of all requested documents. This is a request for validation made pursuant to the Fair Debt Collection Practices Act. Please allow 30 days for processing after documents are returned to me.


DISCLAIMER

This guide is intended solely for informational purposes. No credit, legal, or financial advice is implied nor intended. While the information contained in this guide was carefully researched, accuracy and intended use are not guaranteed. No liability is claimed for any misfortune, loss, damage, or any negative outcome that may be incurred while using the information contained in this guide. Please consult a qualified attorney prior to utilizing any information contained herein.



Copyright Simple Steps To Credit Freedom. All rights reserved.

TransUnion Class Action Lawsuit

If you had any open lines of credit from January 1, 1987 until May 28, 2008 you are eligible to receive free credit monitoring from TransUnion for up to nine months.

There are 2 options to chose from:

Option 1 is "The Basic", which comes with 6 months unlimited access to your TransUnion credit reports and credit score. You are also entitled to a potential cash payment from the settlement fund with this option.

Option 2 is "The Enhanced", which comes with 9 months unlimited access to your TransUnion credit reports. It also provides additional services without the cash option.

For additional information visit https://www.listclassaction.com/ or call 1-866-416-3470.

Credit Reports

Don't forget to check your credit report regularly for any new information that may be false, or deemed derogatory. AnnualCreditReport.comis a great tool to use for starters. The service is free, with the option to purchase your credit scores and other products from each respository. You can request your free credit reports on a annual basis from AnnualCreditReport.com.

Third Party Debt Collectors

Did you know that a third party debt collector can purchase your delinquent aged debt from the original creditor for as little as twenty-five cents per one hundred dollars? That is correct, one quarter per $100. Purchasing a $400 debt can cost a debt collector $1. In turn, the original creditor will make a profit of $1, and write the debt off as a loss on it's taxes, or possibly file an insurance claim on the loss. Meanwhile, the debt collector will attempt to collect this debt from you for hundreds of dollars over the amount of the original debt. That is where my Validation/Cease & Desist and Declaration Form comes in. These are powerful tools in stopping unscrupulous debt collectors in their tracks.

Zombie Debt

Many debt collection agencies are purchasing old debts that are past the SOL (Statute of Limitations). While these debts may be outdated, the debtor still has an obligation to pay the debt. The question is; to whom the debtor has a LEGAL obligation to pay the debt to? With that being said; if you receive notice from a collection agency demanding payment of a debt, have the debt validated prior to making any payment. If the collector has the legal right to collect the alleged debt, he will be more than happy to provide all information requested in the validation process. Otherwise, you may never hear from this collector again. But beware, the collector may sell the debt to another collection agency and the process will start all over again. Always respond to debt collection notices ASAP. If the debt is valid, NEGOTIATE! Never ignore the debt collection notice and let the debt be furnished to the Credit Reporting Agencies.

Credit Repair

Free Credit Restoration Information

Below is an actual Cease & Desist Notice you can use in your efforts to restore your credit.


THIS LETTER ALONG WITH THE DECLARATION FORM WILL STOP UNSCRUPULOUS COLLECTORS IN THEIR TRACKS!


VALIDATION/CEASE & DESIST NOTICE

Your Name
Your Address

Date

Creditor/Collection Agency Name
Creditor/Collection Agency Address

RE: Account Number 123456

Dear Sir or Madam:

This notice is being sent pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 (b). This is not a refusal to pay, but notice that your claim is disputed and validation is requested. Please provide me with qualified proof of any legal obligation I have to pay you.

Only communicate with me in writing. I will not accept calls from your company regarding this matter at home, nor are personal calls permitted at work. Any phone calls I receive from your company at home or work will constitute harassment.

Within 30 days of receiving this notice, please provide all documentation requested in the attached Declaration. At least 30 days will be required for me to investigate this information. All requested information and the completed Declaration must be forwarded to me for your claim to be considered. All collection activity must cease and desist during this time. If any adverse actions are attempted against me during this validation period prior to you responding to my request, I will be forced to seek legal remedies. I will also file complaints with all applicable regulatory entities.

If your company is not able to provide the requested documentation within 30 days of receiving notice, all information furnished to any credit reporting agency regarding this account must be completely removed and deleted from my credit files and you must discontinue all collection activities regarding this account.

Sincerely,

Your Signature