What Does Debt Validation Mean?
When a collection company is attempting to collect, debt validation can be requested
as a means of determining if the company is attempting to collect on a valid debt
that belongs to you.
Consumers have the right to request...
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What Does Debt Validation Mean?
When a collection company is attempting to collect, debt validation can be requested
as a means of determining if the company is attempting to collect on a valid debt
that belongs to you.
Consumers have the right to request written proof that the debt
attempting to be collected does indeed belong to them.
There are several laws that
need to be followed to properly request debt validation.
According to the Fair Debt
Collection Practices Act (FDCPA), you have 30 days from the first written notice to
request validation of the claimed debt.
If a written request is sent to the collection
company within the 30 day time window then they must respond with proof that the
debt is valid and the consumer they are attempting to collect from is the one that is
legally obligated to pay the debt.
The FDCPA does not clearly define what counts as proper debt validation.
Some
collection companies will send copies of consumer contracts, with signatures and
terms of th
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