What is Debt Validation?
Debt validation can only be applied to a collection agency – not the original creditor. For example, you have a credit card account with Capital One that is in default. You cannot ask Capital One to validate the debt. This is because you have been essentially receiving validation from them already in the form of monthly billing statements. However, you can and should under the above mentioned circumstances, ask any collection agency or ‘law firm’ to validate the debt in writing (that they claim you owe). How do you know that this so-called collection agency isn’t actually just a group of scam artists who randomly call people using the phone book. They just keep calling saying that “Yes Mrs. Smith we are a collection agency trying to collect on a debt of $2,000. How soon can you make a payment?” If they are lucky you will volunteer some information, which enhances their story, and now you think a debt with Sears is actively being collected by these folks on the phone. This could never h
