PCS PCS Debt Validation & Dispute Handling

Question 1

Under the FDCPA, how many days does a consumer have to request debt validation after receiving the initial notice?

Accepted Answer

30 days

Answer

15 days

Answer

45 days

Answer

60 days

Question 2

When a consumer sends a written dispute within the validation period, the debt collector must:

Accepted Answer

Cease collection activity until verification is mailed to the consumer

Answer

Continue collection calls while investigating

Answer

Close the account immediately

Answer

Report the dispute to all three credit bureaus within 24 hours

Question 3

Which document typically satisfies a debt validation request for an original credit card debt?

Accepted Answer

A copy of the signed credit agreement and account statement

Answer

A collector's internal account notes

Answer

A verbal confirmation from the original creditor

Answer

A credit bureau report showing the balance

Question 4

A consumer disputes a debt in writing AFTER the 30-day validation period. The collector should:

Accepted Answer

Continue collection but may not report the debt as undisputed without noting the dispute

Answer

Ignore the dispute entirely

Answer

Cease all collection activity permanently

Answer

Immediately initiate legal action

Question 5

Which of the following is NOT a valid method a consumer may use to submit a debt validation request?

Accepted Answer

Verbal request during a collection call

Answer

Certified mail

Answer

Written letter delivered in person

Answer

Email if the collector has agreed to electronic communication

Question 6

When verifying a purchased debt, the debt buyer must be able to provide:

Accepted Answer

Chain-of-title documentation tracing ownership back to the original creditor

Answer

Only the purchase price paid for the debt

Answer

A letter from the current collector's compliance officer

Answer

The debtor's Social Security number confirmation