Validation letter

It is not necessary for a payday loan company to honor your debt validation request since they are the actual holders of your account. But, they are required to send you an itemized statement showing the exact details of your account whenever requested. They might charge you for the statement but they should be able to send it to you.

debt validation0 applies strictly on collection agencies that purchase / are hired by your original creditors to collect the debt from you after you default. Since you need to know whether the CA contacting you is actually authorized to collect the amount, debt validation fulfils the requirement here. They will have to give you the accurate details of your account especially from where you defaulted, details of your creditors mentioning that the said CA has been further assigned to collect the debt from you. You will get an accurate picture of the efforts of the CA and thereafter make a payment arrangement with them. Once the accounts are paid off, they will contact your creditors and they will update your accounts with the bureaus.