Debt validation, which can also sometimes be referred to as debt verification, is the process of challenging the validity of a debt being collected by a debt collector. The right to dispute the debt and receive debt validation from a collection agency is part of the consumer's rights under the Federal Fair Debt Collection Practices Act (FDCPA). Consumers that want to a debt validation or dispute the actual debt and/or the amount of a debt must send a debt validation letter within the first … [Read more...]
Debt Validations Letters
September 2, 2010 By Leave a Comment
The Fair Debt Collection Practices Act (FDCPA) gives consumers the right to request that a debt be validated which can be requested with a debt validation letter. Debt validation is different from the verification process that can be done through the credit reporting agencies. A request to verify a debt simple means the credit reporting agency requests that the creditor verify their records for accurate information. A debt validation requires that the collection agency prove the debt is … [Read more...]