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Summary
- Used for communicating with debtors and creditors, whether it’s to clear, verify, collect, or dispute a debt.
- Debt collection practices are governed by the FDCPA (§§ 1692-1692p).
Debt letters are sent from both creditors (lenders) and debtors (borrowers) for the purpose of managing debts (such as loans). These letters should be sent via certified mail to provide proof that it was sent and received. Using a pre-formatted template ensures the letter contains the necessary wording to remain legally valid. While debt letters do not typically require a signature, having the sender sign at the bottom of the document can improve its legitimacy.
Debt letters are sent from both creditors (lenders) and debtors (borrowers) for the purpose of managing debts (such as loans). These letters should be sent via certified mail to provide proof that it was sent and received. Using a pre-formatted template ensures the letter contains the necessary wording to remain legally valid. While debt letters do not typically require a signature, having the sender sign at the bottom of the document can improve its legitimacy.
Summary
