1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will identify you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair Isaac).

2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% - 30%!

3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have at least 2 credit cards and 14% of them have 10 or more credit cards.

Initial Debt Dispute Letter

If debt lenders are constantly harassing you for any debts owed that you cannot remember or have not borrowed, then according to the Fair Debt Collection Practices Act (FDCPA), you have a right to dispute those debts. If you send out a written version of this letter to your debtor, the debtor is legally obligated to stop harassing and calling you, until they verify the debt is valid and have evidence/proof.

Click here to get an MS Word format version of this letter. A .doc file will open up and save it to your Desktop. This way you can easily retrieve the file.

Date Today (mm-dd-yyyy)

Your Name
Your Address

Lender's Name
Lender's Address

Dear (Mr. Debt Collector),

I am responding to your (letter or phone) dated (dd-mm-yyyy) in reference to the collection of the debt (Account # of Debt Owed). This letter is also in reference to your phone call on (dd-mm-yyyy).

The debt that you have charged against me is invalid and I am therefore disputing it. I do not believe i owe that debt you are claiming against me. Therefore, in accordance with the Fair Debt Collection Practices Act, Section 809(b): Validating Debts:

"(b) If the consumer notifies the debt collector in writing within the thirty-day period described in subsection (a) that the debt, or any portion thereof, is disputed, or that the consumer requests the name and address of the original creditor, the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt or any copy of a judgment, or the name and address of the original creditor, and a copy of such verification or judgment, or name and address of the original creditor, is mailed to the consumer by the debt collector."

I therefore want you to provide me with the following information to prove the validity of this debt:

amount of total debt
name of creditor who owes the debt
provide a proof or verification of debt
proof that you are legally allowed to collect debts in (Your State Name)

I am 100% aware of my rights under the Fair Debt Collection Practices Act (FDCPA) and have also checked with my local state department regarding the matter. Since i have officially disputed your debt collection efforts within 30 days, you must:

Obtain a verification or proof of debt that you are claiming against me and mail it to me at your own cost.
Not add any interest or fees to the debt owed
Can not try to claim this debt without first validating it

If you try to recover this debt from me without first validating it, you are violating my rights under the Fair Debt Collection Practices Act (FDCPA). Also, if you have contacted my credit bureau or a collection agency, you must also notify them that I am officially disputing this debt in written letter format. If you do NOT inform the Credit Bureau of this dispute, you will be again violating my rights under the Fair Credit Reporting Act § 1681s-2.

Lastly, if you are just a collection agency trying to collect this debt on behalf of another party, I demand that you also send a copy of this dispute letter to the original creditor.

(Your Signature)
(Your Printed Name)