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what is a debt validation letter how do you use it how does it protect your rights and should you bother using one at all my name is michael wasslick i'm one of the lawyers at ricardo and wassup here in florida and together with my partner jason ricardo i help people just like you overcome foreclosure and debt collection with dignity today i'm going to talk about what a debt validation letter is how you can use it and how you can use it to protect your rights and when and how you need to send it what it needs to contain all of that great stuff so before i launch into the nitty-gritty details about debt validation i want to ask you to subscribe to the channel if you're new give it a try lots of information about debt collection and about your credit score as it relates to debt collection uh number two if you watch this video and think it would be helpful to someone else please consider sharing it with that person and number three if you have a question uh that i don't answer in this video about debt collection drop in the comment section below we do everything we can to answer every comment either in the comment section or with a video answering the question so please drop a comment if you've got a question that i haven't answered yet so with that out of the way let's talk about debt validation letters and what they are so the right that you have to request validation of a debt comes out of the federal statute the fair debt collection practices act and specifically it comes out of 15 u.s code 1692 g subsections a and b and i'm not going to ask you to memorize that i'm going to tell you what they say within five days from you receiving a communication from a debt collector that debt collector is supposed to notify you of certain rights now that first communication can be a phone call it can be a letter it can be online text message social media anything like that that first contact with you from that debt collector that triggers their five day window to send you a letter that contains five important rights that you have that notice that they're required to send you requires them to tell you number one the amount of the debt how much do you owe number two who do you owe the debt to what's the name of the creditor number three uh a statement that unless you dispute the validity of the debt that they will assume it to be valid now that's something that ties people up in knots i'm going to talk about that in more detail in just a minute number four they have to tell you that if you notify the debt collector in writing that you dispute the debt that they will obtain verification of that...