A debt collection agency is chasing you—we know the feeling. But there is no need to fear or worry. Dealing with collection agencies is a straightforward process once you get to know who you are dealing with.
Did Aargon Agency contact you? Have they shown up on your credit report?
Then read on as we demystify this agency for you!
Aargon is a debt collection agency with over 26 years in business. The agency is likely trying to get in contact with you to collect an unpaid debt from a creditor.
As with most debt collection agencies, Aargon might attempt to call you or your debt cosigners to collect on an unpaid debt.
They might call multiple times per day from different or unknown numbers, leave countless voicemails, and send letters or emails.
A debt collection agency is a third-party entity whose purpose is to collect unpaid debts owed by companies or individuals.
Creditors or lenders hire these agencies when they are unable to collect payments on their own and need assistance recovering their losses.
The agencies might also buy the debt from different creditors after they have exhausted their debt collection efforts—commonly known as a debt “Charge-off.”
Debt collectors make money in the form of commissions and/or profit from the debt they collect. Collectors tend to buy debts for less than the creditor is owed and make a profit on the collection, or they may receive a commission from the creditor on the debt collected.
Aargon Agency is a legitimate debt collection agency. The agency is headquartered in Las Vegas, but they also have offices in Hawaii, Florida, and Colorado.
The agency received accreditation from the Better Business Bureau (BBB)—an organization whose focus is to advance marketplace trust—-in 2011 and maintains an excellent rating of A+. Although the agency has mostly negative reviews in its Google business profile.
You may contact the agency using the following methods:
You must be wary of potential scams and ensure that Aargon is the agency that’s contacted you.
Scammers could pass themselves as the agency and seek to take your money. If you are unsure, the best thing to do is to contact us and our team of legal experts will help point you in the right direction.
You must also be careful not to negotiate any settlements before consulting with professionals first. Negotiating a settlement could reset your statute of limitations clock and set you back.
It is typical for Aargon Agency and other debt collectors to contact debtors by phone, letter, or email to request payment of the outstanding debt.
The agency does this in hopes to collect on your debt.
As part of their collection efforts, they may also negotiate payment plans, arrange for wage garnishments, or take legal action.
Several regulations govern debt collection agencies' activities, including the Fair Debt Collection Practices Act (FDCPA).
The act protects consumers by prohibiting debt collectors from engaging in harassment, abusive behaviors, or deceptive practices.
In the event that a debt collector violates these laws, a debtor may seek to claim damages and file a complaint.
Ignoring attempts of the collection could end in a number of outcomes that are primarily dependent on how much you owe, who is collecting the debt, and what kind of debt is owed.
Some of the measures the debt collection agency can take against you include:
Debt collection agencies can sue you if they are not able to collect their debts. However, this is not always the case.
Given lawsuits might end up costing high attorney fees, some debts might not be significant enough for a lawsuit. However, one must never assume this could be the case as some debt collectors have in-house lawyers willing to take debts of any size.
If Aargon Agency sues you and wins they could:
Legal proceedings could present a lot of challenges, which is why it’s always best to be prepared and make the first move.
If you have received a lawsuit from Aargon Agency then you must act quickly as responding to it promptly is critical for your success.
Aargon Agency was established in 1996, and since then they have expanded their operations across numerous industries.
Some of the industries Aargon Agency collects debt for include:
Therefore, if you have received a debt collection communication from Aargon Agency, it's likely that you might have an unpaid debt in one of these industries.
Some of the agency’s clients include:
There are numerous ways to remove debt from your credit report that include paying, settling, or contesting your debt.
Each case is different, and each case has a best-case scenario for resolution. The possibility of having fraudulent or incorrect debts in your report is also very real.
In fact, a study found out that as much as 4 out of 5 credit reports could have wrong information and such cases can be disputed.
If you feel that Aargon Agency is falsely accusing you of owing a debt, or if you acknowledge that you owe the debt but you're unsure how to pay it back, give us a call and we'll assess your situation and offer suggestions on how best to proceed.