Daniel Rosen explains how to challenge a collection account by asking the debt collector to prove they own the debt with a purchase agreement showing chain-of-title from the original creditor. Most collectors can't produce this documentation, and language like 'may be accurate' on their reports can undermine their legal standing.
Start asking debt collectors for the purchase agreement instead of the validation of debt. When you send a debt collector a validation of debt letter, they don't have to send you the original contract. If you look up 15 USC 1692 G says nothing about a contract. Okay? However, if you send them a letter asking for the purchase agreement, there's a few things that you can catch them on. One, I'm going to tell you right now. If they bought it from another debt collector, because some debts just get sold to another one, to another one, to another one. They have to prove that they own the debt all the way from when they sold it to the original creditor. They have to have all the purchase agreements attached to it. If they don't have all that, then it's inaccurate. You don't know if it's yours or not. Remember that. And two, sometimes that purchase agreement says it may be accurate. So maybe accurate doesn't say that it is accurate. So if they can't prove that is yours and say may not be accurate, it shouldn't be reporting on your credit report. Really get them in trouble by doing that.
