Debt validation is the process of requesting proof that a debt is legitimate and you are responsible for it. It ensures that the debt collector provides relevant documentation to verify the validity of the debt they claim you owe.
Full definition
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.
Your written request
for debt validation should be sent to the collection agency within 30 days after you're first contacted about that debt.
Why settle a debt, where the collection marks will stay on your credit report, before first
using debt validation for private student loan third - party debt collection accounts.
In debt validation, the attorney will likely have to contact the original creditor to get documentation proving the debt.
We will find out if you qualify for debt settlement, consumer credit counseling or
debt validation services in about ten minutes, that's all it takes!
If you haven't already, you need to read this article
on debt validation to verify whether or not the debt collection agency has a legal right to collect the debt.
We can consolidate your federal student loans and either
offer debt validation or debt negotiation for your private loans.
Private student loans can be paid in full, settled for less than the full amount owed and also disputed
through debt validation where in some cases you may not have to pay it.
Private student loan & credit card
debt validation options — this is one of our newer, but favorite debt management affiliate programs.
Before paying their alleged debts,
debt validation makes sure that the debt collection companies are abiding by the laws.
After debt validation disputes your debt, all collection activity must stop until the debt collection company produces all of the proof that's being requested.
The reason we put
debt validation at number one is that it can be the least expensive option to resolve a debt.
Pro Tip: If you stop paying a card or multiple credit cards because you can't afford to pay them,
consider debt validation before settling a debt.
If a debt collection company issues you a summons before you dispute the debt, well
now debt validation won't work.
Debt Settlement is one of the most cost - effective ways to pay off «unsecured debt», besides for
debt validation often being the least expensive route.
Debt validation gives you the legal right to verify if a debt is legally collectible and valid, before paying it.
This is
why debt validation can be a better choice than debt consolidation or settlement services, to deal with debt collection accounts.
Debt validation requires the collection company to produce a copy of the original signed paperwork as well as the payment history of the debt.
Debt validation programs offer to review your legal contract with any creditor to see if there are any parts of it that may warrant the entire agreement null and void.
That is the goal
of debt validation; — dispute it, you don't have to pay it and it comes off your credit report.
Continue to collect if they have not sent you written
debt validation notice with FIVE DAYS of initial contact with you.
Golden Financial Services
provides debt validation, debt settlement and credit repair example letters in the following post.
How to Remove Collections — Get the facts about
how debt validation, credit disputes, or pay - for - delete could remove collections from your credit reports.
This sample
debt validation request letter can be used to send to harassing debt collectors to have them verify the debt that they are attempting to collect.
Phrases with «debt validation»