Debt Validation

Debt Validation Is Time-Sensitive Within five days of its first communication to you the debt collector is required to send a written debt validation notice to you.

Debt validation. Instead of wasting 48 to 60 months trying to settle with creditors or paying the minimum payments for the next 15 years you can now finally reach financial stability in as little as 18-24 months. Debt validation for improper notices If the debt collector has not provided you sufficient information about the debt collection agency you need to make use of the notice that is approved by federal law. If you dont dispute the debts validity the collector will assume it is valid.

The FDCPA gives you the right to seek validation from a collection agency and not the original creditor. For the last six years debt validation has been a top choice for consumers when it comes to credit card debt relief programs offered by Golden Financial Services. It takes 3 to 4 years for your credit to recover and does not have the stigma of bankruptcy.

The name of the creditor to whom the debt is currently owed. Debt validation or debt verification refers to a consumer s right to challenge a debt andor receive written verification of a debt from a debt collector. You can still send a debt validation letter after 30 days.

If you do dispute the debts validity within the 30 days the agency will send you verification of it and. What is debt validation. Within 30 days of receiving a debt notice use the letter to request the following from the debt collector.

Debt validation is simply the act of demanding that a credit agency prove that you owe a specific debt. Proof that you are the debtor. The right to know how the debt was incurred is guaranteed to all consumers through the Fair Debt Collection Practices Act.

Be advised this is not a refusal to pay but a notice sent pursuant to the Fair Debt Collection Practices Act 15 USC 1692g stating your claim is disputed and validation is requested. Lets say you borrowed money from your friend Paul. You can also check to make sure that all past payments have been applied as well as check the accuracy of any fees applied to the debt.