Validating debt with collection agency
Often, the debt has already been deleted from the credit report because it has passed the seven year period specified for reporting by the Fair Credit Reporting Act (FCRA).Correspondence between the individual and the creditor, such as requesting a debt validation letter, does not directly affect with the information in your credit report.
Dealing with debt collectors may be the last thing you want to do — or feel equipped to handle — but sometimes there is no way around it.
You can also learn more by viewing tips for disputing online.
Experian will then notify the creditor of your dispute and ask them to check their records and verify the information in question.
When a creditor hires a collection agency, the debt has been to the collection agency.
If a collection agency is successful at collecting the money on the account, they usually keep a percentage of what is collected as payment for services.