According to a landmark federal consumer protection law, you have the right to dispute the validity of a consumer debt. If a debt collection agency such as Radius Global Solutions claims you owe the company money for an outstanding credit card or personal loan account, you can send the company a formal request to prove the debt actually exists.
Once a third party debt collector receives a debt dispute letter, it must stop all debt collection efforts until the company can demonstrate the validity of the alleged debt. The key for consumers is to know how the Fair Debt Collection Practices Act (FDCPA) protects them against phony debt claims.
Drafting a Debt Dispute Letter
When a bill collector calls you or sends you a letter concerning a consumer debt, you have to be proactive to prevent further contact from the company. The FDCPA gives debt collection agencies five days after the date of the first contact to send you information through the mail about the amount of the debt in question, and the name and contact information for the original creditor. Under the FDCPA, a third party debt collector like Radius Global Solutions must also include a sentence explaining that you have 30 days after receiving the initial letter to dispute the alleged debt.
Example of a Debt Validation Letter
At the top of your debt dispute letter, you should state the date of the letter, as well as present your name and contact information. Then, add the account number for the alleged debt, before following with a clearly written letter that asks for proof of the debt in question.
To whom it may concern:
On March 5, 2020, I received a latter from Radius Global Solutions claiming I owe money on a delinquent personal loan account. This is letter is a formal request for you to show that I am legally responsible for taking care of the debt.
The Fair Debt Collection Practices Act (FDCPA) states you must present documentation that proves I owe money on the personal loan account. I have sent this letter within 30 days after your company first contacted me, which means you must stop calling me at home or sending me letters concerning the alleged debt. Failing to do so will result in my FDCPA attorney taking action to stop additional attempts to contact me.
Why an FDCPA Lawyer Matters
Many third party debt collectors do not want consumers to know about their legal rights. By contacting a licensed FDCPA attorney, you can get a bill collector off your back by demanding the company validate a debt it is requesting you pay. Complete the Free Case Evaluation on this pages to get connected with an FDCPA lawyer to prove the validity of an outstanding consumer debt.
*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Radius Global Solutions. or any other third-party collection agency, you may not be entitled to any compensation.