Debt Dispute: A Top Secret to Topple Your Creditors?
by Kente Wallman
One of the first questions I am asked as a credit and debt expert is often how to dispute a debt. Dispute is a fancy word meaning to disagree, debate, or argue something. I have found that in my experience almost all credit card dept should be disputed.
If you are wondering how to dispute debt effectively, you must realize it will take more than a phone call to your creditor or debt collector. Disputing debt is a legal process, thus requiring specific steps to get the best results. I have helped clients through these steps so many times that I know them like the back of my hand. Many of my clients end up with complete freedom from debt, or debt settlement offers for extremely affordable amounts. If you want these results in your credit situation, you need to 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.
Many credit and debt counseling services will promote the use of debt verification letters. The purpose of a debt verification letter is to demand that the creditor or debt collector verifies that they have your correct name and address. There really is no point to sending these letters. Anyone can go on the Internet and find your name and address. A name and address proves in no way that you owe someone 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.
After telling you some ineffective ways to dispute debt, I now am going to share with you the best way to effectively dispute a debt. The most proven way to see results when disputing a debt is by using debt validation letters. These letters are much different than debt verification letters. Debt validation letters are backed by the Fair Debt Collection Practices Act or FDCPA. The laws set forth in this Act require creditors and debt collectors to validate any collection claim with reputable evidence once a request for validation is made.
Consumers can easily use debt validation letters to stop debt collector's collection attempts. The FDCPA requires any debt collector, once they have received a request for validation, to completely and accurately validate all details about the account before they continue their efforts to collect. Without this validation, the debt collector is prohibited by law to make any more collection efforts. Debt collectors usually do not have the information required to validate an account, so by sending a debt validation letter, you can stop the debt collector in their tracks.
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 <a href='http://www.debtvalidationletter.net/how-to-dispute-debt/'>how to dispute debt</a>? Then visit Kente Wallman's site on how to choose the best <a href='http://www.debtvalidationletter.net/debt-dispute-letter/'>debt dispute letter</a> for you.
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New Unique Article!
Title: Debt Dispute: A Top Secret to Topple Your Creditors?
Author: Kente Wallman
Email: freedomfromcreditors.com@gmail.com
Keywords: Business,Business and Economy,Finance,Financial Services,Consultancy,Debt Advice,Debt Consolidation,debt validation letter,business niche,business blogs
Word Count: 583
Category: Blogging
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