Understanding the Discover Card Debt Validation Letter
When a credit company believes you owe them, they begin a process to collect. The process is damaging and comes with dire consequences, such as an impact on your creditworthiness.
Part of the debt collection process includes the debt validation letter. That's a document a creditor like Discover presents to you. Required by law, it provides information and gives creditors an argument that you are aware of the debt. They may even claim you're deliberately ignoring it.
It's important to understand what the is and what you need to do next.
What Is Discover?
The Discover credit card started as a store card for the retail chain Sears. The card eventually expanded, joining the general credit market as a new brand. Upon its initial launch, Discover charged no annual fees and promoted elevated credit limits. Today, Discover offers a broad array of financial instruments, including credit cards, online banking, and home, student, and personal loans.
What Should I Look for in My Discover Credit Dispute?
Here's the process for how to approach a credit dispute.
- If a collector contacts you by telephone, request they send a validation letter.
- Whether the validation credit letter claim is right or wrong, carefully review the information therein.
- Look for who's contacting you, their name, address, phone number, website. (Creditors might use a third-party collection agency for their disputes.) Identify the amount they claim you owe.
- The next step is to get your credit report. The top three reporters are TransUnion, Experian, and Equifax.
- Reports should contain any items and amounts recorded in your credit history.
- If you don't see the amounts or items listed in the validation letter such as late payment claims, someone may have made a mistake. Should you see the items and still believe it's in error, start going through your receipts, past statements for the time in question, etc.
If you believe a credit collector contacted you in error, reach out to both the company providing the information and, if applicable, the credit company reporting the error.
What Is a Discover Debt Validation Letter?
Debt collectors aggressively pursue anyone they believe owes them money. When they make contact, the law requires them to provide certain information about the debt. A debt validation letter contains the following information:
- The name of the creditor; in this case, Discover or its representative.
- The amount of the debt owed.
- It informs you that you can dispute the debt. But if you do not do so within 30 days after contact, the collector has the right to assume their claim is valid.
- The letter will state if you do claim a dispute, the debt collector will produce evidence of the debt.
This last point is critical because it's not unusual for glitches to lead to accusations of owing money. Mix-ups can leave paid debts on the unpaid list. Consumers are often accused of owing money when they do not. An example is an innocent consumer unaware someone stole their identity and ran up credit bills.
Strategies for Successfully Disputing Your Credit Report
All major credit bureaus let you file disputes online. You may also use snail mail. If you plan on including documentation to back up your argument, send the package by certified mail. That's not to ensure it gets there so much as to have proof your package was received and the recipient cannot dispute it. Be sure your letter proves why an item requires changing or removal.
Some experts encourage the use of what's called the Saturation Technique. This is a strategy involving reaching out to as many interested parties as possible associated with, in this case, Discover. You can read more about the method here.
Sue for an Unresolved Credit Report Dispute
It's not unusual for a credit company to stubbornly stand by its claim, often giving consumers no legal resolve except small claims court. The Fair Consumer Reporting Act gives every consumer the right to take a dispute regarding their credit reputation before a judge. Unfortunately, preparing for court is tedious. Paperwork and fees are only the beginning. Fortunately, DoNotPay has a streamlined feature that allows you to sue anyone in small claims court.
How to Dispute a Debt Validation Letter Yourself
Here's a general process for disputing a .
- Discover has 90 days to investigate any dispute.
- Most disputes get resolved within 60 days, ending with a letter detailing the result.
- Unfortunately, Discover doesn't seem to have online resources for this. You can call 1.800.DISCOVER or send snail mail to Discover, P.O. Box 30945, Salt Lake City, Utah, 84130-0945. Be sure to follow all the tips we list above.
Solve Your Discover Debt Validation Letter Issue With the Help of DoNotPay
If you want to clean up your credit report but don't know where to start, DoNotPay has you covered in these easy steps.
- Search Clean Credit Report on DoNotPay.
- Prepare a recent copy of your credit report that you can use as a reference.
- Let us guide you through the four potential options:
- If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
- If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.
- If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!
- Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.
Why Use DoNotPay to Resolve Issues With the Discover Debt Validation Letter
DoNotPay is a vital consumer resource to fight for your lawful rights. We help with several issues such as:
|Financial Aid Appeals
|Small Claims Court
|And much more!
From accessing unclaimed funds across the United States and getting a birth certificate from another state to challenging a Discover card debt validation letter, DoNotPay's easy online processes circumvent all the red tape. We provide a user-friendly, fast process that saves time and promotes success!