Efficient Collections Removal on Your Credit Report
Having your account sent to collections means that the original creditor has given up trying to collect the debt you owe. Typically, this happens after 180 days of no payment. Usually, the lender sells the account to a collections agency in order to recoup some of their lost money. Once sold the collections agency begins their efforts to contact you for payment. It is critical to attempt to resolve the debt at this time as, sometimes, collection agencies won’t report the lack of and length of lack of payment on the debt to the credit bureaus if it is paid if full and in a timely fashion.
Regardless of how you move forward if you are contacted by a collection agency, your rights are protected via the Fair Debt Collection Practices Act (“FDCPA”).
Collections notations on your credit report make a drastic impact on your score and your credit history. Potential creditors and lending institutions view your failure to pay as the cause for the originally owed creditor to sell your account to a collections agency as they had no choice and were not getting paid according to the executed credit agreement. This is a huge red flag for future creditors or lending institutions assessing your credit worthiness risk factor. Collections and charge offs send the message to creditors and lending institutions you cannot be trusted to repay your debts as agreed.
A collections notation will stay on your credit report for 7 years. It is not only possible but imperative to have any and all collections removed. Not doing so will drastically lower your credit score. Through our proven methods, CaliCreditRepair.com, will engage in demanding the removal of collections accounts that are unfairly, inaccurately or not verifiable from being reported on your credit report.
CaliCreditRepiar.com will use every tool at our disposal to remove collections notations from your report. Enforcing your rights pursuant to the Fair Credit Reporting Act (“FCRA”) CaliCreditRepiar.com will ensure all collections notations being unfairly, inaccurately or that are unverifiable and still reported on your credit report be removed by our attorney led team.
In the rare instance that a collections notation is fairly and accurately reported and is also verifiable by the creditor CaliCreditRepair.com will send the creditor a Pay for Deletion Letter. Via aggressive negotiations with your creditor, we are typically able to arrange for and ensure the deletion of the notation so long as the account is paid in full.