What Debt Validation Can Do For You

 In Debt Management, Debt Relief

Anyone who’s been in debt can tell you that it can feel overwhelming, especially when debt collectors are hounding you. If you’ve ever felt helpless when dealing with debt collectors, you must know that you have rights in this situation. Debt validation is one of the best ways to figure out and solve your debt issues. Here’s how it works.

Debt Validation

Thanks to a federal law called the Fair Debt Collection Practices Act, or FDCPA, you are protected. This law applies to personal debt, such as credit card debt and medical bills, but does not include business debt. Read more about the FDCPA here. One of the most important rights that the FDCPA grants you is the right to dispute the debt. This is done through a process called debt validation. In other words, you have a right to dispute any debt and request the collector provide you written verification of it.

The collector has thirty days to do so, and they have to stop trying to collect on the debt until they’ve provided that verification to you. If they can’t provide written proof, the debt is invalidated. This means that debt validation is a great way to make sure any debts you’re being contacted about are really yours and that the collector has the right to collect on them.

Be aware that you need to request validation within 30 days of the collector contacting you. So if you are contacted by a collector, act quickly! Don’t let this opportunity slip away from you. Also be aware that the request needs to be made in writing, meaning it won’t be enough to say it to the collector on the phone.

How We Can Help

Debt validation is just one of the services we offer at Mid America Debt Relief; learn more about it here. Let us help you protect your rights and find ways to get out of debt faster. Contact us today for your free 55-minute debt consultation.