``As I mentioned in a previous post about Validation of Debt Letters, in many cases when a debt collector contacts you, in many cases, they have no actual proof of the debt they are claiming you owe.

Typically they've been sold the debt by a credit card company or retail store, etc. In the case of JP Morgan Chase for example, a lot of the debt Chase was selling to collection agencies was either completely fabricated or, at best, inflated. In other words, Chase would sell bogus consumer debt to collection agencies and the collection agency would try to collect on that debt.

The previous post, "How Do I Respond to Debt Collectors? Validation of Debt Letter" provided a link to a fairly extensive letter you can print out and send to the collection agency. The letter is also available at the Consumer Financial Protection Bureau's website.''

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