The following free sample collection letters may help debt collectors draft a suitable letter in conformity with the FDCPA. Read on to acquaint yourself in this regard.
Consumers, who repeatedly default on payments, may be contacted by a debt collection agency requesting the former to make good the financial obligation to discharge debts. The debt collection agency may draft a persuasive letter with the hope of recovering debts that may be written off in the event of the consumer refusing to acknowledge the dues. The debt collection agency should ensure that the collection letter is drafted in accordance with the Fair Debt Collections and Practices Act (FDCPA). Failure to do so may result in grave consequences for the collection agency, since the consumer has the right to sue a collector in a state or federal court, within one year from the date of receipt of a letter in supposed violation of the law.
Collection Letter Templates
|Name of Company (ABC)
This is in reference to the telephonic conversation that took place on the 10th November ’09. As mentioned earlier, your delinquent account has been referred to ABC by XYZ Company. In accordance with the terms and conditions of the FDCPA, we are dispatching a validation notice stating the exact amount of dues as per the records of XYZ Company.
As of November 14, ’09, you have been in default of your unsecured credit card payments by more than 6 months. The total amount of unsecured credit card debts is USD ———–. If there is any dispute regarding the amount of debt, we request you to contact XYZ Company at the earliest.
Assuming that you are in agreement with the amount of dues, you are requested to pay the amount by first-class mail, debit card, or check within 15 days from the date of receiving the letter. Please bear in mind that we are authorized to levy an interest on the amount of debt within the collection period.
In the event of not receiving the aforementioned payment, we will be forced to take stringent legal action to recover the same.
|Name of Company (ABC)
Name of the Debtor
Despite our communication on the 10th and the 14th of this month, you have chosen to ignore our plea to discharge your credit card debt by November 30, 2009. If we do not hear from you within the next 5 days, a suit will be filed against you in the small claims court to recover the dues and the amount of prejudgment interest.
The above letter samples may have given the consumer an idea of the repercussions of defaulting on a debt. A number of collection letter templates are available on the Internet and the same may be used by a debt collector as guidelines for drafting a suitable letter.