Invalidating an auto loan
A warranty is a promise, often made by a manufacturer, to stand behind its product or to fix certain defects or malfunctions over a period of time.
The warranty pays for any covered repairs or part replacements during the warranty period. An independent mechanic, a retail chain shop, or even you yourself can do routine maintenance and repairs on your vehicle.
Your debt validation letter must be sent in writing.
After receiving your dispute, the collection agency must send you proof.
Essentially, the collection agency must show that you owe the “original creditor” the debt and not the debt collector.
Typically verification of the debt occurs in the debt collector’s initial contact with you.
Requesting debt validation is particularly helpful if the debt has been sold.
If the debt collector cannot verify the debt, you may be able to eliminate the debt and have it removed from your credit reports.