What is Debt Resolution & Verification?
The Legal Right to Dispute or Challenge a Debt
Debt validation is a consumer’s legal right to dispute or challenge a debt. If a third party debt collector is unable to provide the documentation required of it to prove that it is lawfully attempting to collect a debt from a consumer, then such debt collector is unable to collect the debt from the consumer legally. In situations such as this, while the consumer is still legally obligated to pay the debt, the third party debt collector who was unable to verify the debt often ceases attempting to collect the debt.
Laws We Use
Fair Debt Collection Practices Act
One of the significant consumer protection laws, the FDCPA was passed with the motive of enabling the consumers to overcome the fear of debt scams. Under this law, consumers are given the full right to ask for the identification details of the debt collector and proper validation of the debt and its amount.
Federal Fair Credit Reporting Act
Also known as Credit Bureaus or CRA, the Federal Fair Credit Reporting Act empowers the customers to review their credit report. For instance, in case a customer finds that his/her credit report is outdated, he/she can raise this issue and get the report reviewed and corrected.
Credit Card Act of 2009
One of the significant consumer protection laws, the FDCPA was passed with the motive of enabling the consumers to overcome the fear of debt scams. Under this law, consumers are given the right to ask for the identification details of the debt collector and proper validation of the debt and amount.
Right to Financial Privacy Act
This law protects the confidentiality of every consumer's individual monetary records. According to this law, consumers are entitled to bank records.
Unfair and Deceptive Practices Act
Under the Federal Trade Commission Act (FTC Act), all the people associated with debt (debtor, debt collector and the creditor) are prohibited to use or indulge in any kind deceptive or unfair activities.
Truth in Lending Act
This federal law has been designed to encourage the educated usage of credit by consumers. The Truth in Lending Act (TILA) enables the consumer to calculate the borrowed amount and its interest in a standardized manner.
Equal Credit Opportunity Act
This law forbids all kinds of discrimination in extending credit on various grounds, such as marital status, sex, national origin, race, color and age.
Federal Fair Credit Billing Act
Under this law, every creditor is required to disclose the identity of the person or organization to which the credit is to be offered prior to the completion of the process.
Resources on Why Debt Resolution Works
Resource 1
According to a prominent state civil court judge in Brooklyn, Noah Dear said, “I would say that roughly 90 percent of the credit card lawsuits are flawed and can’t prove the person owes the debt, over as many as 100 such cases a day…”
Resource 2
“The problem, according to judges, is that credit card companies are not always following the proper legal procedures, even when they have the right to collect money. Certain cases hinge on mass-produced documents because the lenders…”
Resource 3
“Attorney General Kamala D. Harris Announces Suit Against JPMorgan Chase for Fraudulent and Unlawful Debt-Collection Practices – Attorney General Kamala D. Harris today filed an enforcement action against JPMorgan Chase…“
Satisfied Client Stories
Enroll Aid was able to properly place us in a federally approved program since we had over $27,300 in credit card debt. It really helps to know the laws in this country. I didn’t even know what the Fair Debt Collection Practices Act was. Wish they taught this to me in school back in the 70s.
Tyler J. Reynolds, Chicago, Illinois
This company is one of a kind. The software sends us updates on the process in such a way that I can go to work knowing that this well oiled machine is working for me. That peace of mind is everything to me.
George Ramos, Palm Springs, California
I came here to sign up for a program to get out of debt and I ended up getting my son forgiveness on his student loan debt. Killed two birds with one stone. Something about your company’s staff really sets you apart from the rest of them.
Michelle Bush, Dallas, Texas
This company is a one stop that can place you in whatever program you’re looking to get into based on your financial information. My advice to your future clients is to SEND DOCUMENTS ON TIME!
Emily Ruthstein, Soho, Manhattan, NY
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