Debt Validation is a process of someone challenging a debt collector (collection agency or attorney) to provide written proof of the debt.

Why You Should Care About Debt Validation?

Have you ever wondered why a collection agency is legally allowed to collect your debt on behalf of the original creditor? Think of it in these terms: Even if you knew you owed Frank (original creditor) some money, and Tony (collection agency) came up to you and asked for Frank’s money – would you just hand over the cash? No. No one would. Think of this: how do you know that Tony is actually collecting for Frank? What legal documents does Tony have to prove that he is legally authorized to collect? And, are the fees and interest amounts accurate? How would Tony know?

Every time a debt turns into a collection it hurts your credit. Collection agencies like Tony don’t just handle a few debts; they deal with portfolios or bunches of accounts, which leads to lots of mistakes. And don’t think for one second that all the Tonys out their care about the consumer’s best interest. Collection agencies are notorious for collecting debts that have already been paid, debts that may not even be yours, and debts that are past the statute of limitations. Their focus is simply on collecting money from you. After all, that’s what they are getting paid for.

So What Should You Do?

So now that you see why Debt Validation is so important, you should act on the opportunity to get your debt validated. Don’t let the Tonys take what is yours without proper cause. The Sub Prime Credit Store has an amazing debt validation service, not to mention the 13 other services for you to build, repair, and maintain your credit and entire financial life. So don’t get taken advantage of. Take this opportunity.

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