How do I request a validation of debt?
To request verification, send a letter to the collection agency stating that you dispute the validity of the debt and that you want documentation verifying the debt. Also, request the name and address of the original creditor.
What is proof of validation of debt?
A debt validation letter should include the name of your creditor, how much you supposedly owe, and information on how to dispute the debt. After receiving a debt validation letter, you have 30 days to dispute the debt and request written evidence of it from the debt collector.
How do I request a validation letter for a debt?
I am requesting that you provide verification of this debt. Please send the following information: The name and address of the original creditor, the account number, and the amount owed. Verification that there is a valid basis for claiming I am required to pay the current amount owed.
Should I write a debt validation letter?
A Debt Validation Letter is beneficial in nearly all encounters with a collector. If you don’t owe the debt, then the collector is likely to fold because they can’t provide validation of the debt. If you only owe some of the debt, then the collector will be forced to prove the amount you actually owe.
What happens if a collection agency refuses to validate debt?
It’s a violation of the collection practices act for a debt collector to refuse to send a validation notice or fail to respond to your verification letter. If you encounter such behavior, you can file a complaint with the Consumer Financial Protection Bureau.
Can I send a debt validation letter after 30 days?
Here’s the important part: You have just 30 days to respond to a debt validation letter with your debt verification letter. If you don’t dispute the debt within 30 days, the debt is assumed valid. That means the debt collector can continue to contact you. You can still send a dispute after 30 days.
How long does creditor have to validate debt?
within 30 days
Debt validation is your federal right granted under the Fair Debt Collection Practices Act (FDCPA). To request debt validation, you must send a written request to the debt collector within 30 days of being contacted by the collection agency.
How long does the validation period last?
Section 1006.34(b)(5) defines the validation period as the period starting on the date that a debt collector provides the validation information required by ยง 1006.34(c) and ending 30 days after the consumer receives or is assumed to receive it.
What happens if a debt collector does not validate debt within 30 days?
The credit bureau must investigate dispute letters. It will contact the reporting collection agency and request documentation of the debt. If the collection agency doesn’t provide sufficient documentation within 30 days, the credit bureau must remove the item from your credit report.