Requesting
debt validation does not always lead to getting that information from debt collectors.
Not exact matches
Unless provided in the initial contact, within five (5) days, every
debt collector must send a written «
validation notice» indicating how much money you owe, the name of the creditor you owe, what dispute rights you have if you think you
do not owe this
debt, and how to obtain information about the original creditor.
You don't have to quote directly from the FDCPA or list the specific section of law that gives you the right to
debt validation.
Your
debt validation letter doesn't have to be complex or fancy.
Within five days of contacting you, a
debt collector must send out a
validation letter telling you how much you owe, the creditor you owe the money to, and steps you can take if you don't believe you owe the money.
I used the Golden Financial Services
debt validation program with Actify and both these companies
did a phenomenal job.
Debt validation clients do pay the company fees but don't pay their alleged debt when it gets invalidated, making debt validation a more effective debt relief program over debt settlement in many ca
Debt validation clients
do pay the company fees but don't pay their alleged
debt when it gets invalidated, making debt validation a more effective debt relief program over debt settlement in many ca
debt when it gets invalidated, making
debt validation a more effective debt relief program over debt settlement in many ca
debt validation a more effective
debt relief program over debt settlement in many ca
debt relief program over
debt settlement in many ca
debt settlement in many cases.
Debt validation is the program that you want to do before debt settlem
Debt validation is the program that you want to
do before
debt settlem
debt settlement.
If you don't qualify for
debt validation, we may be able to settle your private student loan
debts for less than the full amount owed.
An uncollectible
debt is one that you don't have to pay — this is the goal of a
debt validation program.
Now I am finding out about this
debt validation option,
does it really work?
Debt validation makes the debt legally uncollectible but it does not get dismis
Debt validation makes the
debt legally uncollectible but it does not get dismis
debt legally uncollectible but it
does not get dismissed.
Debt validation is a program that does precisely this, a debt will get disputed and if the bank can't validate it with all of the correct documentation — the debt must come off a person's credit rep
Debt validation is a program that
does precisely this, a
debt will get disputed and if the bank can't validate it with all of the correct documentation — the debt must come off a person's credit rep
debt will get disputed and if the bank can't validate it with all of the correct documentation — the
debt must come off a person's credit rep
debt must come off a person's credit report.
However, it should be noted that if you sent a
debt collector your own
validation letter, they just don't take you as seriously as they
do when the
validation letter comes in from a third party.
ICFE DCCS ® Independent Study Guide Table of Contents Consumer Financial Protection Bureau to oversee
debt collectors Collection agencies and junk debt buyers - Mini-Miranda What to do if a debtor is contacted about past debts Sample cease and desist letter Fair Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
debt collectors Collection agencies and junk
debt buyers - Mini-Miranda What to do if a debtor is contacted about past debts Sample cease and desist letter Fair Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
debt buyers - Mini-Miranda What to
do if a debtor is contacted about past
debts Sample cease and desist letter Fair
Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
Debt Collection Practices Act Summary from the CFPB
Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
Debt that is covered
Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
Debt Collectors that are covered
Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
Debt Collectors that are NOT covered
Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
Debt Collection for Active and Veteran Military Personnel Communications connected with
debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties
Validation of
debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple
debts Legal Actions by
debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common
debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
debt collector violations How to document a collector's abusive behavior What to
do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card
debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resou
debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resources
Debt validation is the most popular option for consumers who don't have the money to pay their d
Debt validation is the most popular option for consumers who don't have the money to pay their
debtdebt.
That is the goal of a
debt validation program; — dispute it, you don't have to pay it and it comes off your credit report (best case scenario).
Then this new collection agency called ABC Collection Agency sends you a collection letter but you either trash it, or don't respond to their 30 day
validation notice to «validate the alleged
debt», then ABC Collection Agency has the legal right to put a new negative listing called a «collection account» on your credit reports.
You must be very careful when you're asking for
debt validation because if your creditor suspects you're
doing this just to buy time, this might motivate them to dig in their heels and get more aggressive about collecting on that
debt.
The beauty of
Validation is that if you send a letter Certified Mail Return Receipt Requested and the collection ageny doesn't respond, or fails to provide adequate evidence that you are responsible for a
debt, that
debt must (under the law) be removed from your credit reports.
Most people don't know that under the Fair
Debt Collection Practices Act, consumers may request
validation of an account that shows up on their credit report.
Unlike unscrupulous
debt settlement companies that charge up - front fees and don't resolve your
debt, this
debt validation program comes with a 100 % money back guarantee.
Only use the
Validation of
Debt letter when you do not recognize the debt and have been unsatisfied with the responses from the collection comp
Debt letter when you
do not recognize the
debt and have been unsatisfied with the responses from the collection comp
debt and have been unsatisfied with the responses from the collection company.
Second, once you've sent the collection agency a letter requesting
validation of a specific
debt, the collection agency can no longer contact you regarding that particular
debt until they provide you with reasonable evidence that they
do in fact have a right to collect the
debt from you.
Here is an example of how
debt validation can get a
debt off your credit report entirely and invalidated so that you don't have to pay it.
That is the goal of
debt validation; — dispute it, you don't have to pay it and it comes off your credit report.
Now with
debt validation, the
debt is not dismissed, but it is proven to be legally uncollectible in some cases, and a legally uncollectible
debt is one that you don't have to pay and it can not be legally reported on your credit report.
You may qualify for a
debt validation program that could prove your
debt to be uncollectible, meaning you don't have to pay it!
During your consultation you will learn about each program including
debt settlement,
debt validation, credit repair, consumer credit counseling and
debt consolidation — you will become a financial wizard by the time we're
done teaching you!
Here is your answer: (BUT YOU NEED TO FIGHT THE BASTARDS FIRST WITH A
DEBT VALIDATION LETTER) Don't try to settle right away, they may not even have a legal right to collect.
The very purpose of
debt validation is to provide consumers like you, who don't recollect a
debt, proof.
A large percentage of consumers don't qualify for
debt validation.
With
debt validation, your
debt could be proven to be legally uncollectible — one that
does nt have to be paid and it can no longer legally remain on your credit report.
If they
do not provide it, make a complaint to the company itself, and maybe even to the CFPB (a government entity), advising them that
validation of the
debt was not received.
Even if you
did incur the
debt and it's yours, still use
debt validation to challenge it, you'd be foolish not to!
If there is a collection you don't recognize than you can try the «verification of
debt» letter you can click here for my view on Validation of Debt let
debt» letter you can click here for my view on
Validation of
Debt let
Debt letter.
You may be able to legally walk away from a
debt without paying a single cent by using
debt validation, just like thousands» of other consumers have
done.
Don't discuss any
debt until you get a written «
validation notice,» the CFPB says.