Letter of Acknowledgment

A Letter of Acknowledgment is a written communication sent by a creditor or debt collector to a debtor, confirming the receipt of a payment, dispute, or other correspondence related to an outstanding debt. The letter typically includes details about the date and amount of the payment or the nature of the dispute, as well as any actions taken or planned by the creditor or debt collector in response. The letter may also include a statement of the remaining balance or the status of the account, as well as any instructions for future payments or communications. The purpose of a Letter of Acknowledgment is to provide timely and accurate feedback to the debtor, to prevent misunderstandings or errors, and to demonstrate the creditor or debt collector’s professionalism and responsiveness. The letter should be sent promptly after the receipt of the payment or correspondence and should be clear, concise, and courteous in tone.