Frequently asked questions
Debt Validation 101
Is Debt Validation Legal?
Are Debt Validation and Debt Settlement the same?
Typically the settlement process is executed after the account has been charged-off and goes to collections. The original lender usually does not wish to negotiate.
Do The Program Payments Go Towards Paying Off My Debt?
No, Your Alleged debts will have been "charged-off" by the origional lender and your information sold to a debt buyer or collection agency. Typically the national average is 5 cents on the dollar. The low monthly payment you are making to the Validation program are for the fees for services. This includes the Validation process, Legal protection, Credit Restoration, and Consumer Advocacy if you continue to be harassed after entering the program.
Is There A Money Back Guarantee?
Yes, within the first 5 days you can recieve a full refund. However, most people ask what happens if the debt validation process is not successful in dismissing the claims on the alleged debt. In that case you will receive a refund for the portion of debts that could not be invalidated. This takes approximately 30 days to receive, although some clients choose to simply use the refund to pay down the fees they owe the company. This will lower their monthly payment and is a popular choice.
Are There Up-Front Or Hidden Fees?
No, This program is very straightforward and transparent, there are no up front cost or hidden fees. The goal of the program and all parties involved is to advocate for your rights under the law and execute a program that will get you out of your debt situation as soon as possible.
What is Debt Validation?
Debt Validation is the right of the American consumer to request verification or sometimes referred to as validation of the alleged debt. This law was enacted under the Fair Debt Collections Practices Act (F.D.C.P.A.) in 1978, (Click the link for the complete statute.)