Sentences with phrase «n't validate a debt»

The difference is that with debt, if the debt collection company can't validate a debt, you may not have to pay it and it could come off your credit report at that point.

At the very least, debt validation can be used to give you time, but in many cases, debt collection companies can't validate the debt — and you may not have to pay it!

Debt Validation — a way to dispute debts — proving a debt to be legally uncollectible (as a bi-product of debt validation, third - party debt collection companies can be forced to remove the debts from a person's credit report if they can not validate the debt)

If the debt collection company can't validate the debt, the debt becomes legally uncollectible.

Not exact matches

A debt collection company can not continue reporting a debt on your credit report if they can not validate it after it gets disputed.

If they can't validate and prove they are abiding by the laws and verify the debt with all of the legally required materials — the end result is that you don't have to pay it.

Debt collection companies often can not validate a credit card dDebt collection companies often can not validate a credit card debtdebt.

So when disputed, the private student loan lenders can't validate they own the loan and the debt becomes legally uncollectible — meaning you don't have to pay it.

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 repDebt 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 repdebt 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 repdebt must come off a person's credit report.

Think about it: if you can't PROVE when a collection company received your validation letter how can you PROVE their 30 days to validate the debt has expired?

This makes it difficult for collectors to properly validate a debt and, when they can not properly validate a debt, they often sell it to other collectors without telling you.

This is not a violation because the Fair Debt Collection Practices Act (FDCPA) does NOT require debt collectors to respond to disputes unless they intend to validate the debt or take other specified actions allowed by lnot a violation because the Fair Debt Collection Practices Act (FDCPA) does NOT require debt collectors to respond to disputes unless they intend to validate the debt or take other specified actions allowed by Debt Collection Practices Act (FDCPA) does NOT require debt collectors to respond to disputes unless they intend to validate the debt or take other specified actions allowed by lNOT require debt collectors to respond to disputes unless they intend to validate the debt or take other specified actions allowed by debt collectors to respond to disputes unless they intend to validate the debt or take other specified actions allowed by debt or take other specified actions allowed by law.

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.

This requires a creditor to verify, validate and prove the validity of an alleged debt before they can continue collecting on this debt, if they can't prove it, yes you guessed it then you don't have to pay it.

Any law firm or third - party debt collection company must abide by these rules and provide the necessary documentation and accurate information to validate, verify and prove the validity of an alleged debt — and if they can not the debt may become legally uncollectible.

If you have requested debt validation and the debt collector can not validate, dispute the debt and request the credit reporting agencies remove the unvalidated debt from your credit reports.

The collection agency is not allowed to contact you any more regarding the debt unless they are able to validate the debt.

Most of the time the debt collection companies will give up without a fight, as they are clearly aware of the fact that they don't have legally verifiable records to validate the debt.

Third, if the debt collection agency fails to validate the debt with sufficient evidence, they may not attempt to collect any money from you.

Make sure the debt collection company can verify and validate a debt, before paying it — because there's a good chance they won't be able to validate it.

I say that to mean credit bureaus are not likely to respond favorably to you even though you can reasonably show Midland can not verify / validate the debt.

They sell your account for dirt cheap, and this is why they can't always verify, validate and prove your debt to be valid.

Validate that they haven't violated any debt collection laws (which you could sue them for violating)

This can often be the main reason why debt collectors can't always validate a debt.

If the debt can not be validated, the debt collector must cease additional collection activity.

COMMISSIONER ISHIMARU: Right, but has that very question of whether you have debt or don't have debt or how you manage your debt, been validated versus people who aren't in that situation?

Also, if a debt can not be validated, the debt can not be reported on your credit profile.

If you have written CMRRR to them asking them to validate the date and cease all collection activities after they sent you a mini-Miranda statement, then they can not report the alleged debt to the CRAs.

Golden Financial Services Pro Tip: All debt, whether good or bad should be validated first to ensure all proper steps & procedures have been followed before even considering settling, why settle a debt, whether good or bad, that may not legally have the right to be collected on.

you do not have to respond to this dispute but if you do, any attempt to collect this debt without validating it, violates the FDCPA;

In an attempt to improve or repair a credit score when preparing to finance a home purchase or refinance, many homebuyers hire «credit repair» companies who will dispute all derogatory accounts, even the legitimate ones, hoping that the creditor will not respond or validate the debt with - in 30 days.