Definition of «debt validation»

Debt validation is a process in which an individual seeks to verify that they are indeed responsible for paying off a debt. This can involve requesting documentation from the creditor, such as a copy of the original contract or agreement, and verifying the accuracy of the information provided on the account. The goal of debt validation is often to ensure that the debt in question is legitimate and not fraudulent before making any payments towards it.

Sentences with «debt validation»

  • Debt validation programs use 14 federal laws inside the paperwork that's used to challenge your debt. (goldenfs.org)
  • Some sample debt validation letters you find on the internet include this information as a way to show debt collectors that you're aware of your rights, but it's not necessary. (debtsettlement.com)
  • Your written request for debt validation should be sent to the collection agency within 30 days after you're first contacted about that debt. (debtsettlement.com)
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