Debt Collection Dispute Letter Georgia. One of those laws, the georgia industrial loan act (georgia ila), applies to consumer loans less than $3,000 with a loan length less than 36 months and 15 days. Once you've sent a written letter disputing the validity of a debt, federal law prohibits the collection agency from continuing collection efforts until the requested information has been sent.
Debt collectors must let you know that you have a right to dispute a debt either in their first communication to you, or soon after. What is the fair debt collection practices act? The following page is a sample of a letter that you can send to a collection agency if you think you do not owe the money they are trying to collect.
Don’t just accept the conversation quickly deteriorating into verbal harassment and abuse, do something about it.
Once you've sent a written letter disputing the validity of a debt, federal law prohibits the collection agency from continuing collection efforts until the requested information has been sent. If you fail to dispute the validity of the debt, or any portion of the debt, within the 30 days, the debt collector is entitled to assume the debt is valid and to proceed with collection activities. If you fail to dispute the validity of the debt, or any portion of the debt, within the 30 days, the debt collector is entitled to assume the debt is valid and to proceed with collection activities. Debt validation is the debtor's right to ask for validation of a debt a creditor claims he owes.