Do You Need to Contact Creditors to Verify a Debt?
Partner David N. Anthony, associate Jonathan P. Floyd and attorney Stephen Lozier were published in ACA International’s Collector Magazine for their article, “Do You Need to Contact Creditors to Verify a Debt?” They wrote, “Disputes are increasingly common in the debt collection industry, but the language of the FDCPA unfortunately remains silent as to how to respond to them. At the least, in the context of ownership of an account, the Seventh Circuit has implied that debt collectors may rely on the information provided by creditors for the purposes of verifying a debt without having to investigate the debt further.”