Abstract: The “extinguishment” process and system as described herein may enable creditors, including original creditors and debt buyers, to systemically use a file containing information on multiple consumer accounts to create account-level documents along with free online consumer access to those documents, to confirm the final resolution or settlement of one or more consumer debt accounts. The automated process may protect consumers by providing account-specific evidence that can be used to demonstrate to parties such as debt collectors, creditors, credit reporting agencies or courts that a debt has been fully satisfied, e.g., paid in full, settled in full, or cancelled.

Abstract: A system and method for universal electronic consumer debt validation and dispute resolution permits consumers to access debt information and download related documents related to debt accounts for any type of debt. Moreover, debt owners or agencies may make available debt information for a consumer in a single repository so that a consumer may search and/or evaluate and download the information and initiate resolution of the debt as may be warranted.