[Lucy]

To verify a debt means what?

To validate a debt means what?

I need a clear understanding of what each means.

Thanks/Lucy

[Enigma]

Not to give you a non-answer, but you need to look to case law in your state and federal jurisdiction.

[apexcrsrvc]

Originally Posted by Lucy

To verify a debt means what?

To validate a debt means what?

I need a clear understanding of what each means.

Thanks/Lucy

I think for your purposes, verification means the verification of an account tradeline that is one your credit report. This generally applies to credit reporting agencies and furnishers of information. It also could apply to a communication that you send to an orginal creditor. We're talking FCRA (and, FACTA amendments thereto) here.

Conversely, validation would apply to debt collectors under the FDCPA and original creditor in a few jurisdictions state consumer protection Acts. This would arise by virtue of you contacting them. Thereafter, they supply you a very marginal amount of information from the original creditor.

[Lucy]

I've been reading and I think that is where I am getting confused, there is not a clear definition on what validation is. I understand verification, I think. A relative of mine is wanting to know and I don't get it enough to answer correctly.

Scenario: Sent dispute letter to ca within 30 days of initial notice. Got a letter from ca saying, "in response to your request for verification enclosed is notice of verification." It lists name, address, oc and date the acct was purchased. All they did here was verify the debt, is that right?

Do you have to come right out and say, I dispute the validity of the debt? Was it not enough to say, the amount, character and legal status of the alleged debt is disputed? Is sending another letter in order to obtain the original date of the debt?

Now do you see why I am confused

[apexcrsrvc]

Under your scenario, this is proper validation if it was forwarded from the original creditor.

It is best to simply state: "I dispute the validity of this debt."

[jlynn]

Originally Posted by Lucy

I've been reading and I think that is where I am getting confused, there is not a clear definition on what validation is. I understand verification,

The only real answer as to the clear definition of validation is whatever satisfies a court.

[Lucy]

This last letter came from an attorney for a ca. As I was looking through the original letter and the last one I noticed that the name of the current creditor had changed...in one month's time. I did a google search and saw that this place is one in the same, that they are known to change names often because of judgments against them. It appears that they are definitely bottom feeders. I also checked out the attorney and he seems to be known as one also. Anyone that cares to, do a google search on first american investment company and see what I am talking about.

This was disputed on cr's, waiting to hear their verdict. In the meantime, should I tell my relative to just wait and see what the cra's do or send this place another letter telling them to validate?
The disputes were made on 4-21 and as of today still showing under investigation.