Subject: Important Notice of Debt Assignment — Your Attention Required Dear [Debtor's Name], We hope this letter finds you well. We are writing to notify you of a significant change regarding your outstanding debt. As per the legal requirements, we are obliged to inform you that your debt has been assigned to a new organization for collection purposes. Effective immediately, [Name of Collection Agency/Organization], a reputable debt collection agency with extensive experience in managing financial obligations, has been officially designated as the assignee of your debt. This means that any future communication, inquiries, negotiations, and payments related to your debt should now be directed to [Name of Collection Agency/Organization]. The nature of this assignment does not alter any terms, conditions, or obligations that were established in the original agreement between you and [Name of Original Creditor]. Instead, it simply transfers the responsibility of collecting the outstanding debt to [Name of Collection Agency/Organization]. It is essential to clarify that this assignment was made in compliance with New Jersey state laws and regulations governing debt assignment. You can find below the pertinent information to facilitate seamless coordination with [Name of Collection Agency/Organization]: — Name of Collection Agency/Organization: [Name] — Address: [Physical Address— - Phone Number: [Phone Number] — Email Address: [Email Address] Upon receipt of this notice, we kindly urge you to update your records accordingly and promptly direct any future correspondence related to your debt to [Name of Collection Agency/Organization]. Timely communication will ensure smooth and efficient resolution of your outstanding balance, and they will be able to provide you with any necessary guidance, answers to questions, or assistance you may require to settle the debt. Please be mindful that although the debt assignment took place, you retain the right to dispute the debt's validity or request additional information. If you wish to exercise these rights or have any concerns, please do not hesitate to contact [Name of Collection Agency/Organization] to discuss the matter further. They are committed to addressing any inquiries or discrepancies promptly and transparently to facilitate a fair resolution. We sincerely hope that this transition will lead to a positive and productive resolution for all parties involved. Thank you for your attention to this matter, and we appreciate your cooperation throughout this process. Yours sincerely, [Your Name] [Your Title] [Name of Original Creditor] [Contact Information]
New Jersey Sample Letter for Notice to Debtor of Assignment of Debt
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