What does validating a debt mean
You could try to use one of our debt settlement methods to deal with a collection agency, but you might want to try debt validation first.
Before you do, you need understand the dos and don'ts of debt validation.
Dealing with debt collectors is probably not on the top of your list of fun things you would like to do, but sometimes there is no way around it.
specifies the response required of a debt collector upon receipt of a timely written or oral dispute, most notably that it shall cease collection of the debt until the collector mails the consumer "verification of the debt or a copy of a judgment, or the name and address of the original creditor, and a copy of such verification or judgment, or name and address of the original creditor." Thus, there is no time limit for providing the required verification or other information, just that the collector must cease collection until it provides the required information.
also contains a prohibition against the collection activities and communications during the initial 30 days of contact with the consumer overshadowing or being inconsistent with the consumer's right to dispute the debt or request the name and address of the original.
Debating voices on the internet have taken up the topic of debt validation. ” would seem to be a simple question, but readers are likely to find as many different answers as there are financial experts.
We’re on record as firm believers in debt validation, as we outlined in our article “Always Start With a Debt Validation Letter.” Briefly, debtors have the right, under the Fair Debt Collection Practices Act (FDCPA), to demand debt validation when they hear from a debt collector.
The original Act excluded lawyers from the definition of "debt collector" by explicitly exempting from any coverage “any attorney-at-law collecting a debt as an attorney on behalf of and in the name of a client.” The definition of "debt collector" was amended in 1986 to omit the prior exemption for attorneys.
A consumer can dispute all or any part of a debt at any time, but only a written request sent within thirty days of receipt of the first written notice of the debt triggers validation rights under the FDCPA.
provides that failure by the consumer to dispute the debt during the thirty-day period after the debt collector's initial communication with the consumer may not be construed by any court as an admission by the consumer that he is liable for the debt.
The FDCPA does not define what constitutes proper debt validation, and the issue has not been fully resolved by the courts. Gallerizzo, the Fourth Circuit Court of Appeals adopted a relatively low standard: "Verification of a debt involves nothing more than the debt collector confirming in writing that the amount being demanded is what the creditor is claiming is owed; the debt collector is not required to keep detailed files of the alleged debt." The Court further stated that a request for validation of the debt is primarily intended to eliminate such problems as collectors contacting the wrong person or attempting to collect debts which have already been paid.
Although no time limit is specified for them to validate, they cannot continue collection activities until they provide such information.Tags: Adult Dating, affair dating, sex dating