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Debt Consolidation Forums Collection agencies and creditors forums

Will I ask for validation if I know the debt is mine?

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I have been getting collection call from a debt collection. i have an unpaid credit card account. The collector has said that the agency will settle if I agree as fast as I can. Should I ask for validation? is it mandatory?




Debt Validation is a time-Sensitive matter. Within five days of the first communication, the debt collector should send a written debt validation notice to you. Are you sure that the credit card account is yours? How much balance amount?
I would suggest you to ask for the debt validation asap.

Sub: #1 posted on Sat, 03/16/2019 - 02:54

Barbara Delinsky Barbara Delinsky

(Posts: 402 | Credits: )

Yes, you should ask for the debt validation. If they validate the debt, then you have to repay the debt. You can go for settlement. Try to consider lump sum settlement to save money.

Sub: #2 posted on Sat, 03/16/2019 - 03:47

sanderspatricia29 sanderspatricia29

(Posts: 967 | Credits: )

Use this debt validation letter:
https:/ /community.debtcc.com/letters/debt-validation.html

Yes, it's important to validate debts. Once the debt is validated, use this letter to settle your debts.
https://commun ity.debtcc.com/letters/sample24.html

Will you settle debts yourself or through a settlement company?

Sub: #3 posted on Tue, 03/19/2019 - 22:37

David Martin David Martin

(Posts: 201 | Credits: )

That validation letter requests information that is not required by the FDCPA. The best letter simply states “I dispute the referenced account and demand validation.”

Sub: #4 posted on Mon, 03/25/2019 - 14:29

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