Notice of Debt

A Notice of Debt is a formal communication sent by a creditor or debt collector to a debtor, informing them of an outstanding debt and requesting payment. The notice typically includes details about the amount and nature of the debt, the original creditor, and the current owner of the debt. The notice may also include information about the debtor’s rights and options for disputing the debt or seeking assistance. The purpose of a Notice of Debt is to provide the debtor with clear and accurate information about their financial obligations and to encourage them to take action to resolve the debt in a timely manner. The notice may be sent by mail, email, or other means, and may be required by law in certain circumstances.