Using Debt Validation and Debt Verification Letters
When you're trying to resolve a debt, you may come across the terms "validation" and "verification." What do these mean?
Debt validation is the process of making sure a debt is yours. The Fair Debt Collection Practices Act (FDCPA) requires that collectors provide you with proof that you owe the debt. This is usually in the form of a written notice, but it could also be an oral notice.
If you dispute the debt, the collector must stop all collection activity until they provide you with verification of the debt. This can include sending you a copy of the original contract or agreement, a statement from the creditor showing what you owe, or other documentation.
If the collector cannot verify that you owe the debt, they are not allowed to continue collecting on it.
The Law Offices of the Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706