What are the steps in validation of debt?
Check out the 7 steps on how to seek validation of debt and deal with collectors and CRAs. • Request a validation of debt: Send a request letter to the CA asking them to validate your debt. Just check out a sample debt validation letter so that you’ll know how to format the letter. The letter should be sent via certified mail with a return receipt request. • Check if the CA is licensed: You need to wait for a reply from the CA. The agency may send you a letter with the details you’ve asked for. Once the collectors validate your debt, you need to check if at all they are licensed to collect debt in your state. However, not all states impose licensing requirements for a CA. Such states are California, Georgia, Iowa, Kansas, Kentucky, Montana, Oklahoma, Pennsylvania & South Carolina. • What if the CA violates collection laws: If collectors need license to collect debt in your state and the CA contacting you isn’t licensed, send them a letter stating they’ve violated the state collection l
