New Post/Thread Notification: Credit repair discussions

Hello,

Creditwrench has just posted in the Credit repair discussions forum of CreditWrench under the title of Validation of Debt.

This thread is located at http://www.creditwrench.com/consumers/showthread.php?threadid=750

Here is the message that has just been posted:
***************
Is there a special (or good) way to word the letter to the debtor (or does one send it to the Credit Bureau) when one is attempting to validate a debt ?
You seem to be really confused on stuff. First of all the debtor does not normally send a letter to the debtor. You are the debtor. There are very rare instances when you might want to do that.

Credit Bureaus do not ever validate the debt. They only verify the listing they have and that is a much lower standard than is validation.
***************

New Post/Thread Notification: Credit repair discussions

Hello,

Creditwrench has just posted in the Credit repair discussions forum of CreditWrench under the title of Validation of Debt.

This thread is located at http://www.creditwrench.com/consumers/showthread.php?threadid=750

Here is the message that has just been posted:
***************
When one asks for validation of debt what you are saying is "Hey, wait a minute, I'm not sure this debt is mine and I want you to prove it." Pitfalls? Personally I can't think of any. Maybe the Wrench will know of some.
Well, I think I have to disagree with you just a wee bit on that statement.
You are not wrong in what you said but I think it goes a whole lot furthr than that.

Not only are you saying that you want them to prove it is your debt but also to provide all the informaton that you will need to avail yourself of your right to dispute the debt or any portion thereof.

Anything less than that would obviously be a denial of your right to dipute the debt or any portion thereof.

That's the way I see it.
***************

New Post/Thread Notification: Credit repair discussions

***************
That is an excellent question. Your formal education in understanding just what that means should begin here: http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm You can scroll down to section 809, but you really should familiarize yourself with the entire Act.

When one asks for validation of debt what you are saying is "Hey, wait a minute, I'm not sure this debt is mine and I want you to prove it." Pitfalls? Personally I can't think of any. Maybe the Wrench will know of some.
***************