The Letter of Debt Verification is a critical document in Swiss debt collection practices, used when formal verification of debt details is required or requested. This document is typically issued in response to a debtor's request for verification, during debt collection proceedings, or as part of regular debt management processes. The letter must comply with strict Swiss legal requirements, including the Swiss Debt Enforcement and Bankruptcy Act (SchKG) and data protection laws. It contains comprehensive information about the debt, including its origin, current balance, interest calculations, and payment history. The Letter of Debt Verification serves multiple purposes: it confirms the legitimacy of the debt, provides transparency to debtors, and establishes a formal record for potential legal proceedings. Its format and content are specifically designed to meet Swiss legal standards and protect both creditor and debtor rights.
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1. Sender Details: Full legal name and contact information of the creditor or debt collection agency
2. Recipient Details: Full legal name and current address of the debtor
3. Date and Reference Number: Current date and unique reference number for the verification request
4. Debt Identification: Clear statement of the original debt amount, date incurred, and current balance
5. Interest Calculation: Breakdown of applied interest rates and periods, calculated according to Swiss law
6. Payment History: Summary of payments received and remaining balance
7. Legal Basis: Reference to relevant provisions of Swiss law and original contract creating the debt
8. Verification Statement: Formal declaration confirming the accuracy of the debt information
9. Response Instructions: Clear instructions for debtor response and timeline according to Swiss law
1. Multiple Creditor Notice: Required when the debt has been assigned or transferred between creditors
2. Dispute History: Include if there have been previous disputes or verification requests
3. Settlement Options: Include if the creditor is willing to offer payment arrangements or settlement options
4. Legal Proceedings Status: Required if any legal proceedings have been initiated regarding the debt
5. Currency Exchange Information: Required if the debt involves multiple currencies or foreign exchange calculations
1. Original Debt Documentation: Copies of original contracts, agreements, or invoices establishing the debt
2. Transaction History: Detailed statement of all transactions, payments, and interest charges
3. Assignment Documentation: If applicable, documents showing chain of title for the debt
4. Interest Calculation Schedule: Detailed breakdown of interest calculations and applicable rates
5. Previous Correspondence: Copies of relevant previous communications regarding the debt
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