What is a debt validation?

When the debt collectors try to collect debts, about which the consumers have no knowledge, the debt validation letter is required. At this point of time, the collectors ask the collection agency for a valid proof regarding the debt amount.

When should you opt for debt validation?

You may apply for a debt validation when you are unable to recognize the alleged debt, or you have paid the debt amount in full yet they are asking for a debt validation.

What can be the best way to ask for debt validation?

Send a written request to validate your debt to the collection agency. Do not forget to send the letter via certified mail with a Return Receipt Request (RRR). According to the FDCPA you should send a debt validation request within 30 days of receiving your first written notice from the Collection Agency.

What does a debt validation letter include?

Usually a debt validation letter includes:

• The amount of debt
• The name of the creditor to whom the debt is owed
• A statement, stating that if the consumer after the receipt of the notice disputes the validity of debt, the debt will be assumed to be valid by the debt collector.

Basically, the debt validation letter includes a lot of information but a better understanding of it is possible if you check out a sample debt validation letter.

What would the debt collectors provide you as debt validation?

Essentially the debt collectors will have to provide you the following documents according to the Fair Debt Collection Practices Act, Paragraph 809.

1. A payment history documented from your original creditor.

2. Proof, showing that you legally owe the debt to him, or is legally authorized to collect it.

3. A copy of the original loan is signed by your creditor.

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