Document background
The Letter To Creditor To Verify Debt is a crucial document used when an individual or business needs to confirm the validity of a claimed debt under English and Welsh law. This document is particularly relevant when there are questions about the debt's authenticity, calculation, or ownership. It enables debtors to exercise their rights under the Consumer Credit Act 1974 and FCA regulations, requiring creditors to provide comprehensive documentation and evidence supporting their claim. The letter typically includes requests for original agreements, detailed statements, and interest calculations, serving as both a legal tool for debt verification and a potential first step in dispute resolution.
