Texas Sample Letter for Notice to Debtor of Assignment of Debt

• Category: Letters - Nonlegal - Notices
• State: Multi-State
• Control #: US-0389LR
• Format: Word; Rich Text

Description

Sample Letter for Notice to Debtor of Assignment of Debt Dear [Debtor's Name], RE: NOTICE OF ASSIGNMENT OF DEBT We hope this letter finds you well. We are writing to inform you of important changes related to your outstanding debt with [Original Creditor's Name]. This letter serves as official notice of the assignment of your debt to [Assignee's Name], a reputable debt collection agency. Please carefully review the following details regarding this assignment and the new contact information for future communications and payment arrangements. Assignment Details: 1. Debtor Information: — Name: [Debtor's Name— - Address: [Debtor's Address] — Phone: [Debtor's Phone Number— - Account Number: [Debtor's Account Number] 2. Creditor Information: — Original Creditor: [Original Creditor's Name] — Creditor's Contact Information: [Original Creditor's Address, Phone Number, Email Address, Website] 3. Assignee Information: — Assignee: [Assignee's Name— - Assignee's Contact Information: [Assignee's Address, Phone Number, Email Address, Website] 4. Debt Details: — Original Debt Amount: [Original Debt Amount] — Current Debt Amount: [Current Debt Amount] — Interest Rate (if applicable): [Interest Rate] — Due Date: [Due Date] Changes in Communication: Going forward, all communication and correspondence regarding your debt should be directed to [Assignee's Name]. Please update your records accordingly: [Assignee's Name] [Assignee's Address] [Assignee's Phone Number] [Assignee's Email Address] [Assignee's Website, if applicable] It is essential that you maintain open lines of communication to avoid any potential escalation of this matter. We encourage you to contact [Assignee's Name] at the earliest convenience to discuss the best course of action to settle your outstanding debt. Options for Debt Resolution: [Assignee's Name] understands the situation and is here to assist you in resolving your debt. They offer various options to help you manage your financial obligations, such as: 1. Lump-sum Settlement: Offer to pay a reduced amount as a one-time payment in full settlement of the debt. 2. Installment Plan: Propose an affordable payment plan in which you make regular monthly payments until the debt is fully repaid. 3. Negotiation: Discuss alternate payment arrangements or potential hardship programs available to you. 4. Request for Documentation: Seek detailed verification of the debt, including invoices, agreements, or statements. Please note that as your debt has been assigned, any disputes or inquiries regarding the debt should now be addressed directly to [Assignee's Name]. Protecting Your Rights: It is crucial to remember that you have rights as a debtor. The Fair Debt Collection Practices Act (FD CPA) protects consumers from unfair and abusive debt collection practices. If you believe that your rights have been violated during the collection process, please notify [Assignee's Name] immediately, and they will address your concerns promptly. We urge you to take this notice seriously and respond in a timely manner to avoid further complications. Ignoring or delaying the resolution of your outstanding debt can lead to additional fees, legal action, or damage to your credit score. If you have any questions, concerns, or need further clarification regarding this assignment of debt, please do not hesitate to contact [Assignee's Name] using the provided contact information. [Assignee's Name] appreciates your attention to this matter and looks forward to working with you to resolve your outstanding debt. Sincerely, [Your Name] [Your Position/Title] [Original Creditor's Name]

Dear [Debtor's Name], RE: NOTICE OF ASSIGNMENT OF DEBT We hope this letter finds you well. We are writing to inform you of important changes related to your outstanding debt with [Original Creditor's Name]. This letter serves as official notice of the assignment of your debt to [Assignee's Name], a reputable debt collection agency. Please carefully review the following details regarding this assignment and the new contact information for future communications and payment arrangements. Assignment Details: 1. Debtor Information: — Name: [Debtor's Name— - Address: [Debtor's Address] — Phone: [Debtor's Phone Number— - Account Number: [Debtor's Account Number] 2. Creditor Information: — Original Creditor: [Original Creditor's Name] — Creditor's Contact Information: [Original Creditor's Address, Phone Number, Email Address, Website] 3. Assignee Information: — Assignee: [Assignee's Name— - Assignee's Contact Information: [Assignee's Address, Phone Number, Email Address, Website] 4. Debt Details: — Original Debt Amount: [Original Debt Amount] — Current Debt Amount: [Current Debt Amount] — Interest Rate (if applicable): [Interest Rate] — Due Date: [Due Date] Changes in Communication: Going forward, all communication and correspondence regarding your debt should be directed to [Assignee's Name]. Please update your records accordingly: [Assignee's Name] [Assignee's Address] [Assignee's Phone Number] [Assignee's Email Address] [Assignee's Website, if applicable] It is essential that you maintain open lines of communication to avoid any potential escalation of this matter. We encourage you to contact [Assignee's Name] at the earliest convenience to discuss the best course of action to settle your outstanding debt. Options for Debt Resolution: [Assignee's Name] understands the situation and is here to assist you in resolving your debt. They offer various options to help you manage your financial obligations, such as: 1. Lump-sum Settlement: Offer to pay a reduced amount as a one-time payment in full settlement of the debt. 2. Installment Plan: Propose an affordable payment plan in which you make regular monthly payments until the debt is fully repaid. 3. Negotiation: Discuss alternate payment arrangements or potential hardship programs available to you. 4. Request for Documentation: Seek detailed verification of the debt, including invoices, agreements, or statements. Please note that as your debt has been assigned, any disputes or inquiries regarding the debt should now be addressed directly to [Assignee's Name]. Protecting Your Rights: It is crucial to remember that you have rights as a debtor. The Fair Debt Collection Practices Act (FD CPA) protects consumers from unfair and abusive debt collection practices. If you believe that your rights have been violated during the collection process, please notify [Assignee's Name] immediately, and they will address your concerns promptly. We urge you to take this notice seriously and respond in a timely manner to avoid further complications. Ignoring or delaying the resolution of your outstanding debt can lead to additional fees, legal action, or damage to your credit score. If you have any questions, concerns, or need further clarification regarding this assignment of debt, please do not hesitate to contact [Assignee's Name] using the provided contact information. [Assignee's Name] appreciates your attention to this matter and looks forward to working with you to resolve your outstanding debt. Sincerely, [Your Name] [Your Position/Title] [Original Creditor's Name]