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What is a debt validation program?

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Debt Validation

The following page will explain how a debt validation program works and provide examples throughout the page of successful cases. For the last six years, debt validation has been a top choice for consumers regarding credit card debt relief programs offered by Golden Financial Services. A debt validation program can be less expensive than debt settlement and could result in derogatory information getting removed from credit reports.

debt validation program

What does debt invalidation mean?

Consumer protection laws require collection agencies to maintain complete and accurate records. Debt validation, or “debt verification,” refers to a consumer’s right to challenge a debt. Debt validation programs use these consumer protection laws to force collection agencies to prove that they are maintaining complete and accurate records. 

After a collection agency fails to prove that they are legally authorized to be collecting on an account it becomes invalidated.

Debt invalidation companies make it easy for consumers to deal with multiple accounts at once and only having to pay one low monthly payment.

Who qualifies for debt invalidation services? 

It does not matter if you live in New York, Pennsylvania, or California; debt validation can be your least expensive path to dealing with unsecured debt. There are some state restrictions, but as of 2021, at least 30 states will qualify for the debt validation program. You must owe at least $7,500 in total unsecured debt to qualify. Give us a call today at (866) 376-9846 and find out if you’re eligible! You’ll get to speak with an IAPDA certified counselor and learn how to get out of high debt.

What does it mean to validate a debt?

Validating a debt means that the collection agency proved the debt is valid and the collection agency is legally attempting to collect it.

Unbelievably, collection agencies can rarely prove a debt is valid after it gets disputed with a debt validation program. Even debts that have a large balance can easily get invalidated. 

Example of a $15K+ Credit Card Debt (formerly American Express) agreeing to stop collection on the debt & remove it from Experian, Equifax & Transunion

debt validation program

Capital One Credit Card That Went to Collection Invalidated

debt relief program called debt validation proves Cap One debt invalid

This next example illustrates a Bank of America credit card debt with a balance of over $8,000 getting invalidated with a debt validation program


debt relief program disputes bank of america credit card debt that had a balance of over $5,000

Example of a Synchrony Bank Credit Card, Getting Invalidated & Removed From Credit

What is a debt validation letter? And what does it mean to validate a debt?

How Debt Validation Programs Work

A debt validation program offers qualified applicants an affordable monthly payment to deal with all of their unsecured debts. Not one but fourteen federal laws can be used to dispute collection accounts on a validation program, including the FDCPA, FCRA, Credit Card Act, FCBA, and several others.

What kind of debt qualifies on a validation plan?

Whether it was initially a credit card or medical debt, almost all types of unsecured debt can get disputed and invalidated. Credit card debt is the most popular type of account that gets enrolled in a validation program, but not all accounts qualify. For example, a Discover credit card may not qualify.

We recommend putting Discover credit cards into an attorney-based debt settlement program where legal protection is included. Debt settlement programs can allow you to pay less than the total amount owed on each of the accounts included in the plan.

The easiest way to figure out your best debt relief option is to call one of our IAPDA Certified Counselors at (866) 376-9846. Let an expert help you, personalizing a plan to help you resolve your financial problems and achieve financial freedom.

Example of a debt validation program successfully disputing a medical debt & getting it removed from credit.

medical debt gets invalidated with a debt validation program

Case of a credit card debt that gets invalidated after getting challenged on a debt validation program

ERC- Barclays Bank Credit Card Debt Gets Proven Invalid With Debt Validation


Technically speaking, here’s how a debt validation process works

After a person falls behind on a credit card payment by approximately 4-6 months, a collection agency will soon take over the account. Credit card companies show the delinquent credit card debt as a loss on their balance sheet at this point, allowing them to get reimbursed through tax credits and banking insurance.

So if your question is, “how could the bank let me walk away without paying?” Rest assured, Banks have contingency processes in place to make sure they get paid, even if you’re not able to pay the debt in full.

  • Additional fees get tacked on to a debt by the collection agency when the original creditor sells the account. You never agreed to these fees, and therefore, if disputed, the collection agency often can’t prove the debt is valid. Creditors cannot legally modify the credit card contract terms they had originally signed without your authorization.
  • Banks will sell hundreds of accounts at once, not taking sufficient time to ensure all of the accurate and complete documentation gets transferred to the collection agency. Consequently, it’s nearly impossible for a collection agency to prove that a debt is valid after getting disputed. Banks will even put a disclosure on the sale order: “this account may not be able to get validated if disputed.”
  • After a debt gets disputed and the collection agency fails to prove its validity, the consumer will receive a letter illustrating that the collection agency agrees to stop collecting the account. (See examples of that letter above and below on this page) In court, this letter would act as a defensible record proving the debt to be invalid. The collection agency agrees to stop collecting the debt due to their inability to prove it to be a valid debt. In the future, if a new collection agency takes over the account and illegally attempts to collect on the debt, we have proof (i.e., the debt invalidation letter) that it is invalid. This debt validation letter can continue to be used as proof until the debt expires past the statute of limitations.
  • Additionally, the collection agency can no longer legally report the account on the consumer’s credit report after it’s proven to be legally uncollectible. Therefore, as a bi-product of debt validation, a consumer could get the debt removed from their credit. A debt dispute program will use credit restoration to dispute the debt on the consumer’s credit if the collection agency fails to remove it on their own.

What happens if a collection agency refuses to validate debt?

It’s a violation of the Fair Debt Collection Practices Act for a debt collector to refuse to send a validation notice. If the collection agency fails to respond to a verification letter, the debt becomes legally uncollectible and does not have to get paid. If you encounter such behavior, you can file a complaint with the Consumer Financial Protection Bureau.

If you owe above $10,000 in credit card balances and are struggling to stay current on monthly payments, call Golden Financial Services today for a free consultation at (866) 376-9846.

According to the federal law: 15 U.S. Code § 1692g – Validation of debts.

“If the consumer notifies the debt collector in writing within the thirty-day period described in subsection (a) that the debt, or any portion thereof, is disputed, or that the consumer requests the name and address of the original creditor, the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt or a copy of a judgment, or the name and address of the original creditor, and a copy of such verification or judgment, or name and address of the original creditor, is mailed to the consumer by the debt collector. Collection activities and communications that do not otherwise violate this subchapter may continue during the 30-day period referred to in subsection (a) unless the consumer has notified the debt collector in writing that the debt, or any portion of the debt, is disputed or that the consumer requests the name and address of the original creditor. Any collection activities and communication during the 30-day period may not overshadow or be inconsistent with the disclosure of the consumer’s right to dispute the debt or request the name and address of the original creditor.”

Source: Cornell Law

Keep in mind; this is just one of fourteen consumer protection laws that can be used to dispute a debt. The validation program that GFS recommends to clients uses multiple laws inside the dispute paperwork and is a proprietary dispute package. These laws include the FDCPA, FCRA, Credit Card Act, FCBA, and more. The disputes that go out while on the validation program can be over twenty-five pages long.

Why can’t so many collection agencies prove a debt is valid?

Collection agencies quickly agree to stop collection on debt in many cases without providing a reason. How is this possible? Is it more costly for a collection agency to invest sufficient time into proving a debt is valid? Is it because the collection agency can’t prove that they are legally authorized to collect on a debt due to missing documentation or inaccurate information? Could the collection agency have been involved in some fraud in the past?

There are many reasons why collection agencies can’t prove a debt is valid. For that reason, debt validation programs work! Before paying on a collection account or agreeing to settle a credit card debt that may not be valid, use debt validation to dispute it.

Debt validation programs allow you to force the collection agencies to prove that they are legally authorized to collect on an account.


Is debt validation a new program?

Debt validation is nothing new; it’s been around for over a decade. Just as of late, it’s becoming news to the public.

USA Today just reported:

“Chase Bank closed all credit card accounts in the country in March 2018. … Originally, customers were told to continue paying their debt, but the company confirmed Friday to USA TODAY that the debt was now canceled.” reports:

“Chase filed more than 528,000 debt collections lawsuits against consumers and provided more than 150,000 sworn statements to debt buyers for their collections lawsuits against consumers, often using robo-signed documents. In doing so, Chase systematically failed to prepare, review, and execute truthful statements as required by law. Chase is also accused of collecting on so-called zombie debts — accounts that were either already settled or too old to collect on. (You can see what your state’s statute of limitations is on this map.) … Chase sold faulty and false debts to third-party collectors, including accounts with unlawfully obtained judgments, incorrect balances, and paid-off balances,” the CFPB alleges. “Chase also sold debts that deceased borrowers owed.”

The New York Times reported another example of debt validation:

Billions of dollars in student loans may be wiped out for tens of thousands of borrowers in the US because a lender didn’t keep track of the paperwork verifying ownership of the loans, according to The New York Times.”

A recent Daily Finance report quoting a New York Times article states that:

“Financial companies like American Express, Citigroup, and Bank of America have committed fraud in financial dealings, are using erroneous paperwork, have incomplete records, and their legal processes are faulty; this includes the information sent to debt collectors. Many debt collectors are using erroneous information to collect on debts, are acting as creditors when they are not, or are not in a position to legally collect the debt for lack of a state license, incomplete records, or other reasons.”

Check out: The 10 Best Ways to Get Rid Of Credit Card Debt for 2020

More Debt Validation Letters

We could show you example after example of how hundreds of debts have been invalidated over the last year alone. The following debts have become legally uncollectible. Legally uncollectible debts do not need to get paid and can no longer “legally” remain on credit reports.

This Citibank credit card was sold to Midland Funding and then disputed on a validation program, resulting in it becoming legally uncollectible and removed from all three credit bureaus.

Best Illinois debt relief, settlement and validation programs for 2019.

This next Bank of America credit card debt was over $10,000. The debt was disputed, and the consumer was able to walk away from it without paying legally.

Debt Validation Program - consumer walks away from over $10,000 in credit card debt

Next, a financial company debt that exceeded $12,000 gets proven to be invalid, and the consumer walks away without paying.

best debt relief, settlement and debt validation program

Just like a speeding ticket gets dismissed, credit card debt can get proven to be legally uncollectible.

Even though you may have been speeding, it does not mean that the police officer can prove the ticket to be valid.

A debt validation dispute is not saying that you never spent the money on your credit card. It’s disputing whether or not the collection agency is abiding by federal laws and attempting to collect on a debt lawfully.

See if you qualify for a debt validation program by calling (866) 376-9846 now!

Debt validation is not the only reason why we’ve had such great success. We make sure you get the right type of assistance to help you successfully achieve your financial goals. You can choose from debt relief, settlement, and consolidation programs. Debt validation just so happens to be one of the most popular plans on the market.


Examples of what a debt validation program requests:

    • a copy of the original contract
    • a statement showing how the interest gets calculated
    • the collection agency’s debt collector license that is legally required to collect on a debt
    • a 14-page debt collector disclosure statement, questioning the collection agency on information such as when the statute of limitations expires on a particular account, how the outstanding balance was calculated, what fees were added in since the debt was sold, along with private details that the collection agency is legally required to know

In the debt validation program that we recommend at Golden Financial Services, over 30-pages of documents get sent to your debt collectors. They must go through each page, line by line, and send in everything being requested laws require. The case managers and debt defense team continue challenging a debt until the debt is “fully disputed” and remain with the consumer until the statute of limitations on a debt expires. Every legal debt relief angle is used to force your creditors to play by the rules.


Give our trained debt specialists a call to talk about your debt at 866-376-9846IT’S FREE!

Credit Restoration Included with a Debt Validation Program 

You get credit restoration included with the debt validation program for “No Extra Cost.” The credit restoration begins at the beginning of the debt validation program, where random credit mistakes appearing on your credit report get disputed.

Money-Back Guarantee With Debt Validation 

If a debt collection company validates a debt, clients get a full refund for any funds paid towards that account. Unlike individual unscrupulous debt settlement companies that charge up-front fees and don’t resolve your debt, this debt validation program comes with a 100% money-back guarantee.


Just cruise the internet and look at all of the positive client reviews listed on many different sites, including Yelp, Google, Facebook, and Trusted Company Reviews.


Here is a short video teaching you about the FDCPA, which is one of the laws used to challenge your debt in a debt validation program


Debt Validation Program Disclosures 

  • Consumers have to be delinquent on monthly payments before a debt validation program can do its job, resulting in late marks and collection accounts on credit over the program’s first year. Accounts are not disputed until they are with third-party collection agencies. This downside is also true with credit card settlement programs.
  • Creditors can issue a credit card summons to go to court, and although this is rare, it can happen. In this case, clients get refunded any funds paid into the plan, and the program would then recommend a law firm to help settle and resolve the account. In the end, clients get all of their debt resolved one way or another. If the programs offered through Golden Financial Services were not highly effective, GFS would not be A+ rated by the Better Business Bureau, averaging less than one complaint per year.
  • Creditors don’t get paid every month with financial hardship programs, including settlement and validation. In fact, creditors don’t get paid any of the monthly payments you pay into the program with validation. Instead, these payments cover the cost and fees of the plan. Validation is less expensive than a settlement because creditors don’t get paid anything with validation. Debt validation programs are not a loan, consolidating your bills or settling the debt. Fees are included in all plans, including settlement and validation. If a client fails to make the agreed-upon payments for the program, they can be terminated from the plan.
  • Debt validation programs are not designed to repair a person’s credit and can’t guarantee a debt will get removed from credit reports. After a debt gets invalidated, credit restoration will dispute the accounts, and as a result, it could get removed from credit reports. Additionally, collection agencies can no longer legally continue reporting a debt on a person’s credit report after it’s invalidated.
  • A person’s debt could increase after joining a debt validation program due to late and collection costs incurring. Therefore, it’s imperative that if you join a debt validation program, you stick with the plan until the end so that all of the processes can be completed. When you receive collection letters and correspondence from third-party collection agencies while enrolled in a validation program, you must send all documentation to the debt validation company assisting you. The company will then proceed with using lending laws to deem the accounts invalid and not collectible.
  • Not all clients make it through a debt validation program successfully due to many possible reasons, including the possibility of the client not being able to afford to pay all of the agreed-upon payments.
  • After a debt is fully disputed and invalidated, there is still a chance that it could get transferred/sold to a new collection agency or sent back to the original creditor, where collection activity continues. For that reason, the validation company stays with clients until the statute of limitations on a debt has expired and will follow up with any new collection agency that takes over the debt, providing proof that the account was invalidated. Additionally, the company will follow up with the credit reporting agencies disputing invalidated accounts from the clients’ credit reports.
  • Golden Financial Services may refer you to a third-party company if you need assistance with credit repair or document preparation services to dispute debt. Call for specific information on your situation at (866) 376-9846, including program terms and payment quotes. GFS is not a licensed credit repair or a debt validation company. GFS’s job is to provide consumers with financial education and information to people about their options. Based on specific criteria, GFS determines what programs each person may be eligible for. If eligible, we can assist consumers in enrolling in the plan of their choice. GFS only offers the programs that we believe are the best in the nation and plans with a proven track record of success.
  • Not all consumers will qualify for a debt validation program due to the type of creditors they owe, the state they reside in, and other circumstances.


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