Does validating debt work
Now, while sending a debt validation letter will not restart the statute of limitations in any way, it does call attention to you. I care about getting rid of this debt so please come and harass the you-know-what out of me!
Everybody knows the rule is to lay low--especially if the original statute of limitations has yet to expire. But if you're trying to clean up your credit, a debt validation request is often a vital step in that process.Although you are free to send a debt validation request whenever and however you please, the collection agency doesn't have to acknowledge it. The law says no collection activity until they respond! The Fair Debt Collection Practices Act has the following to say about debt validation time limits (and if you're interested in looking for yourself, this is Section 809): Within five days after the initial communication with a consumer in connection with the collection of any debt, a debt collector shall, unless the following information is contained in the initial communication or the consumer has paid the debt, send the consumer a written notice containing -- (3) a statement that unless the consumer, within thirty days after receipt of the notice, disputes the validity of the debt, or any portion thereof, the debt will be assumed to be valid by the debt collector; (4) a statement that if the consumer notifies the debt collector in writing within the thirty-day period that the debt, or any portion thereof, is disputed, the debt collector will obtain verification of the debt or a copy of a judgment against the consumer and a copy of such verification or judgment will be mailed to the consumer by the debt collector; and (5) a statement that, upon the consumer's written request within the thirty-day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.