A standard first letter would be an excellent idea - especially if states would agree on the content. Consumers could recognize the format and know where to look for the information they need. Consumer testing would be a very good idea. I believe that industry members would favor this to reduce litigation over technical violations. Taxpayers would benefit by reduced federal court expenses.
I like the Summary of Rights idea. I think that a validation letter and even an initial communication letter should included of Summary of Rights for State Laws and Fed Laws. This would help two fold: both the debtors/consumers and the debt collecting companies. The debtor/consumers would know their rights and the collectors would then also know the particular rights for the states that they are collecting in. This shouldn't be burdensome at all since the CRA already include Summary of Rights as do employers who check credit.
emmacollector
1
A standard first letter would be an excellent idea - especially if states would agree on the content. Consumers could recognize the format and know where to look for the information they need. Consumer testing would be a very good idea. I believe that industry members would favor this to reduce litigation over technical violations. Taxpayers would benefit by reduced federal court expenses.
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stopwithspoofedcallerID
2
I like the Summary of Rights idea. I think that a validation letter and even an initial communication letter should included of Summary of Rights for State Laws and Fed Laws. This would help two fold: both the debtors/consumers and the debt collecting companies. The debtor/consumers would know their rights and the collectors would then also know the particular rights for the states that they are collecting in. This shouldn't be burdensome at all since the CRA already include Summary of Rights as do employers who check credit.
View this comment in the discussion thread