reno2360 Posted December 15, 2004 Report Share Posted December 15, 2004 This may be stupid but...... what is the difference between validating and verifying a debt?I see this referred to and there seems to be a problem when a CA is asked to verify a debt and not to validate it? Or the other way around, in other words an "alleged debtor" can get screwed if he or she uses the wrong word. When we contact a CA do we wish to verify a debt or validate it? Could some explain why? Link to comment Share on other sites More sharing options...
DocDon Posted December 15, 2004 Report Share Posted December 15, 2004 By definition, validation is having legal efficacy or force; especially : executed with the proper legal authority and formalities.Verification is to establish the truth, accuracy, or reality of.So, a CRA verifies information (makes sure it's accurate), and a CA validates a debt (includes the different "formalities" that make up proper validation). Link to comment Share on other sites More sharing options...
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