Does validating debt work
If you're thinking about trying to use either of these methods, it's important that you continue to make payments on time so that your credit scores remain intact.
Payment history is the most important aspect of your credit score, and even one late or missed payment can negatively impact your score.
But there are states that have enacted their own debt validation laws which go a lot further than the federal FDCPA.
The Fair Debt Collection Practices Act does not have a hard and fast rule on what constitutes debt validation.Chaudhry further requested additional itemization as he thought what had been provided was insufficient.The debt collector argued further detail of attorney fees would reveal privileged information.Debt settlement is a process where you negotiate with a creditor to pay a lower amount of debt than you originally owed.This option is typically used on unsecured debt, like credit card debt, and only when you are severely behind on your payments.