Procedure for Credit Card Debt Validation
News from Opposing Views:

by Mandy Mitzsheva

Credit card debt can build up quickly.

Comstock/Comstock/Getty Images

Unpaid credit card debt can haunt you for a long time. The original creditor may try to collect the money from you. If this isn’t successful, the creditor may hire a collection agency. As a debtor, you do have rights. The collection agency must verify a debt, if you request that it do so. The Fair Debt Collection Practices Act outlines the procedure you can use to obtain this verification.

Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act governs consumer debt collection. Some consumers confuse the terms “validation” and “verification.” Under the FDCPA, each term has a distinct meaning. The FDCPA requires a collection agency to send you a written “validation notice” within five days after it first contacts you. This notice specifies the name of the creditor a…………… continues on Opposing Views

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