If any consumer owes multiple debts and makes any single payment to a debt collector with respect to such debts, the debt collector may not apply such payment to any debt which is disputed by the consumer and shall apply such payment in accordance with the consumers directions.
Use this form to notify a debt collector they misapplied your payment and direct them to reapply your payment correctly.
This form also also includes follow-up letters containing a warning that the debt collector may face going to court if they continue engaging in behavior that violates the FDCPA. Subject: Request to Correctly Apply My Payment — Kings New York Dear [Debt Collector's Name], I am writing this letter to ensure the correct and accurate application of my recent payment towards my outstanding debt. My intention is to resolve any discrepancies that may have occurred in the payment allocation, as I understand the importance of maintaining an accurate record of my financial obligations. Firstly, allow me to provide you with the details concerning my payment. On [Payment Date], I made a payment of [Payment Amount] towards my outstanding debt associated with [Account Number]. I trust you have received this payment, as it was made through [Payment Method], and I have verified the transaction's completion through my bank statement. However, upon reviewing my updated account statement, I noticed a discrepancy regarding the allocation of this payment. Please accept my request to promptly correct this error by properly applying the payment to the appropriate account, as follows: 1. [Specify Type 1: E.g., Principal Balance]: The payment should be primarily applied towards the outstanding principal balance of my debt. It is important to ensure accurate calculations of interest, late fees, and other charges according to the terms of the original agreement. 2. [Specify Type 2: E.g., Previously Neglected Fees]: Consideration should also be given to any previously neglected fees, charges, or accrued interest to bring my account up to date. These must be addressed to accurately reflect the current status of my debt. 3. [Specify Type 3: E.g., Outstanding Penalties]: Additionally, any outstanding penalties or fines due to previous late payments should be acknowledged and taken into account when allocating my payment. I understand that as a responsible debtor, it is my duty to maintain regular payments and address my outstanding obligations. By bringing this issue to your attention, I aim to rectify this situation swiftly and ensure the proper allocation of my payment. Please provide me with an updated account statement promptly after the necessary adjustments have been made, clearly indicating the updated balance and the correct distribution of my payment. Additionally, I kindly request a written confirmation of the changes made for my own records. Thank you for your attention to this matter. I trust that you will handle this situation efficiently, allowing for a swift and accurate resolution. Your assistance in correcting this discrepancy will reflect your commitment to customer satisfaction and maintain the reputation of Kings New York. Sincerely, [Your Name] [Your Contact Information]
Subject: Request to Correctly Apply My Payment — Kings New York Dear [Debt Collector's Name], I am writing this letter to ensure the correct and accurate application of my recent payment towards my outstanding debt. My intention is to resolve any discrepancies that may have occurred in the payment allocation, as I understand the importance of maintaining an accurate record of my financial obligations. Firstly, allow me to provide you with the details concerning my payment. On [Payment Date], I made a payment of [Payment Amount] towards my outstanding debt associated with [Account Number]. I trust you have received this payment, as it was made through [Payment Method], and I have verified the transaction's completion through my bank statement. However, upon reviewing my updated account statement, I noticed a discrepancy regarding the allocation of this payment. Please accept my request to promptly correct this error by properly applying the payment to the appropriate account, as follows: 1. [Specify Type 1: E.g., Principal Balance]: The payment should be primarily applied towards the outstanding principal balance of my debt. It is important to ensure accurate calculations of interest, late fees, and other charges according to the terms of the original agreement. 2. [Specify Type 2: E.g., Previously Neglected Fees]: Consideration should also be given to any previously neglected fees, charges, or accrued interest to bring my account up to date. These must be addressed to accurately reflect the current status of my debt. 3. [Specify Type 3: E.g., Outstanding Penalties]: Additionally, any outstanding penalties or fines due to previous late payments should be acknowledged and taken into account when allocating my payment. I understand that as a responsible debtor, it is my duty to maintain regular payments and address my outstanding obligations. By bringing this issue to your attention, I aim to rectify this situation swiftly and ensure the proper allocation of my payment. Please provide me with an updated account statement promptly after the necessary adjustments have been made, clearly indicating the updated balance and the correct distribution of my payment. Additionally, I kindly request a written confirmation of the changes made for my own records. Thank you for your attention to this matter. I trust that you will handle this situation efficiently, allowing for a swift and accurate resolution. Your assistance in correcting this discrepancy will reflect your commitment to customer satisfaction and maintain the reputation of Kings New York. Sincerely, [Your Name] [Your Contact Information]
