Credit Validation / Credit Verification – The Ins and Outs
Credit validation (sometimes know as Credit Verification) is an excellent tool to get collectors to stop bothering you. Simply put, creditors or collectors are required to prove to you that you really owe the debt to them. The burden is actually on them. Since many of them make mistakes or keep shoddy paperwork, they might have a hard time proving to you that you really owe the debt. They cannot simply provide you with a letter that says you owe it. They have to provide you with copies of the actual documents you signed which shows you agreed to the debt. Failure to do this requires them to cease and desist from bothering you. If they cannot prove to you that you owe the debt, they also cannot report it on your credit report.
Credit Verification is The Creditor's Burden
If they fail to provide the necessary proof, you will simply dispute the item on your credit report (be sure to include a copy of your correspondence with the creditor/collector) and it should be removed if they failed to provide you with the correct proof of debt. There is a certain process that you need to undertake to do this credit validation properly. In this section of our credit repair guide, we will go over this process in detail. Certainly you can hire someone to do this for you, but with our information you should not need to do that unless you don’t have time to read through our credit repair guide and perform the actions on your own.