"Validation" is the term applicable on collection agencies only. If you see something reported unauthorized, "dispute" it with the bureau.
At first, send a letter requesting validation of the debt to the collection agency and dispute the collection with the bureaus. Wait for 30 days to get a response from their end. If the CA actually owns the debt they will send you a letter with proof that they own the debt, complete payment history and copy of the original signed loan agreement.
If they don't send a satisfactory proof, then send a copy of your receipt for your registered mail plus copy of the first letter you had sent and a statement that they have not validated the debt as per the FDCPA and are violating the Act. Ask them to remove the collection lisitng from your credit report or you will file a lawsuit for violation of FDCPA under section 809(b).
Wait for another 20 days to get a response from their end. If they do not then contact the credit bureaus, and tell them that the collection agency did not verify the debt under the FDCPA, and send copies of your proof. The credit bureau will contact the collection agency to verify the debt.
Debilbird,
"Validation" is the term applicable on collection agencies only. If you see something reported unauthorized, "dispute" it with the bureau.
At first, send a letter requesting validation of the debt to the collection agency and dispute the collection with the bureaus. Wait for 30 days to get a response from their end. If the CA actually owns the debt they will send you a letter with proof that they own the debt, complete payment history and copy of the original signed loan agreement.
If they don't send a satisfactory proof, then send a copy of your receipt for your registered mail plus copy of the first letter you had sent and a statement that they have not validated the debt as per the FDCPA and are violating the Act. Ask them to remove the collection lisitng from your credit report or you will file a lawsuit for violation of FDCPA under section 809(b).
Wait for another 20 days to get a response from their end. If they do not then contact the credit bureaus, and tell them that the collection agency did not verify the debt under the FDCPA, and send copies of your proof. The credit bureau will contact the collection agency to verify the debt.
George