What qualifies as “Verification of Debt”?
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What qualifies as “Verification of Debt”?
Asked on November 29, 2012 under Bankruptcy Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
A "verification of debt" is a credit reporting company term where a third party credit reporting company contacts creditors of a given debtor and obtains documentation establishing that the debtor in facts owes certain sums of money to a designated creditor.
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