How To Identify A Genuine Validation of Debt

Debt validation is what you go for when you put forward a challenge to a junk debt buyer or debt collection agency. However, how can you understand what you get in response is a genuine validation of debt? .

More often than not it is not. The following details would help you understand how to identify if you have got a real debt validation.

• Understand what debt validation does not imply. It is not a printout that has your name and the amount that you apparently owe. It is a quite familiar trend to send this as an alternative to real validation. You shouldn’t be deceived by it.
• Look for your signature. One type of debt validation is sending you a copy of your signed agreement with your original creditor. This represents a genuine debt validation.
• Ask for a written record. One more type of true debt validation is a report of your payment history, your account with the original creditor and a written notice (if possible signed) from the original creditor that empowers the collection agency to recover the debt.
• Take nobody’s promises. There are various fraudulent debt collection agencies conning diligent individuals. You have the authority to claim that the debt collection agency substantiates that the debt is definitely yours and they have the authority to collect it.

You should send every debt validation request through Certified Mail Return Receipt Requested to generate your own written record. If you don’t get a reply to your debt validation request within a period of 30 days, then initiate measures to get the damaging trade line taken out from your credit report. Don’t trust on anything that a collection agency informs you at any time.