Debt Validation is a topic of great importance for credit repair . Different credit repair methods will tackle this differently. From what we gather, debt validation can take place either after you have disputed with the credit bureau or before . It is a process whereby you demand the creditor or collector to provide proof of the actual documents to you that you are definitely legally obligated to the debt they claim you owe them. The debt validation letter you send to them will request that they send you this proof in the mail and if they are unable to do that, you demand that they remove the item from your credit report or that they do not confirm the debt when they receive a dispute from the credit bureau. Edit this text
The situation is this. Creditors and collectors have way more paperwork than they can keep up with and this works to your advantage. Of course, in this day and age of scanning and digital images, debt validation will not work as well as it did in the past when creditors and collectors where dealing with strictly paper files. Many of the collectors are still going to have to deal with the paper files they get from the original creditors. A lot of collectors are going to rely on your ignorance of the law and they may use less than ethical or appropriate tactics to get you to pay. This works to their disadvantage if you know what you are doing. You may have to be prepared for some difficulty, but if you are trying to get away from your debts without filing bankruptcy, this is an option for you , especially if the collectors less than correct in their collection tactics .
Most of the time before you send your debt validation letters to the collectors or creditors, many sources feel it is important to dispute the items with the credit bureaus first. This is a big part of the process. The reason why you would do this is because many of the creditors might not respond to the initial dispute with the credit bureau and therefore they probably would not respond to your debt validation letter and you will still have to send the letters to the credit bureaus. By sending your credit dispute letters to the credit bureaus first, you might have fewer letters to send directly to the creditors or collectors. This is highly probable. Of course you can dispute with the creditors directly first, but this is not the most common practice.
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