What Happens After The Debtor Sends The Letter?

  • The creditor has 30 days to act.
  • The creditor must look into the claim.
  • The creditor must either correct the mistake or explain why there is no mistake.
  • The creditor must give proof the bill was corrected if asked for it.
  • The creditor can't do anything against the debtor until it checks into the claim and reports back to the debtor. It can't close the account. It can't make a bad report to a credit bureau.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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