The infamous debt-collection law firm known as Aldous & Associates may have appeared on your credit report. If that’s the case, know that you’re not alone, and this can be resolved. Many people have faced Aldous & Associates and have seen a favorable outcome. Though it may seem overwhelming, support is available.
This article will cover Aldous & Associates, who they are, their collection practices, and how to remove them from your credit.
So, who are Aldous & Associates, and why are they on your report? Aldous & Associates is a third-party debt collection agency. They serve a wide range of external clients and businesses and most often purchase delinquent accounts for a small price.
When large businesses, lending agencies, or creditors no longer wish to handle the debt, Aldous & Associates takes over.
This is often referred to and written as a “charge-off.” Other debt collection companies like Aldous & Associates purchase debt for pennies on the dollar, and turn a large profit making collections on these acquired debts.
Though it may come as a surprise to some consumers, Aldous & Associates is a real company. They are not a scam and their calls, from various numbers, are not spam. Consumers should take their communications seriously.
However, it’s important to note that Aldous & Associates are known for intense and coercive collection practices. Many recipients assume they’re a scam due to their aggressive communication tactics and unprofessional nature.
We do not recommend contacting this agency back yourself. Once you confirm for them your contact information their calls will likely become more frequent and aggressive. However, it’s important to have their company information on file. For your records, here is the current contact information of Aldous & Associates:
Aldous & Associates have raised concerns when it comes to their communication style and collection practices. They’ve received numerous complaints and negative reviews on the Better Business Bureau and The Consumer Financial Protection Bureau. Most commonly, complaints are related to false reports, behavior that borders on harassment, and debt validation failure. If you’ve experienced any of these negative behaviors, you may also file a complaint on these platforms.
Consumers should know that they have laws to protect against unprofessional and abusive behavior. Know the signs of debt collection harassment before taking legal action.
Here are some common examples of harassment at the hands of a debt collector:
These behaviors violate several FDCPA (Fair Debt Collection Practices Act) laws and regulations. Although this is not a full list of derogatory behaviors, it’s vital to know the signs of collection harassment. If you’re experiencing any of these behaviors consider seeking legal advice.
What exactly does Aldous & Associates collect for, and why are they contacting you? This company serves many different industries, but primarily serves the health & fitness industry. More specifically, Aldous & Associates collect 90-day-past-due debts and delinquent accounts. Their clientele spans multiple businesses, such as:
Additionally, this legal giant is partnered with ABC Financial Gold, and is the preferred vendor of the Crunch Franchise and Paramount Acceptance. This is why facing them may, at times, feel like a fruitless endeavor. They are one of the larger debt collection agencies around today.
According to Aldous & Associates’ website, they also serve the following industries:
Inevitably, if Aldous & Associates appears on your credit report, this poses a great impact on your credit score. But, it’s vital to remember that not all cases are valid. As stated previously, this debt collector has a reputation for making false accusations and for erroneous reporting.
While it may feel like the best route is to get it out of the way and pay the debt, this isn’t always advised. Even if the debt has been paid, it can stay on your report for up to 7 years. Aldous & Associates can create a wedge in your credit. But, there is another way.
Are you ready to take back your financial sovereignty and face Aldous & Associates head-on? You reserve the right to take action and dispute the case they’ve made against you. Consumers may take the following steps to resolve any misreports and allegedly-owed debt:
It’s essential to review your credit report for misprints, errors, or discrepancies. Be sure to request copies of your report from all major credit bureaus. This way, you can ensure accuracy across all your reports. If you come across any noteworthy mistakes consider seeking professional debt resolution help to fix these errors and improve your credit score.
Settling your debt may not be the most viable route. However, if necessary, you can negotiate a fair settlement with Aldous & Associates. It’s often best to utilize a debt collection attorney when attempting to negotiate a settlement with debt collectors.
Whether the debt being pursued by Aldous & Associates is valid or a mistake, an attorney may be the best solution. Debt collection attorneys are well-versed in credit and financial laws and your consumer rights. If needed, an attorney can help you pull your credit reports, review them for accuracy, dispute errors and misreporting, and negotiate settlements on valid delinquent debts.
If you’re facing an intimidating collector like Aldous & Associates and looking for expert guidance, Fair Credit LLC can help. Our team of FCRA attorneys have faced countless cases and we guide our clients toward resolution.
An FCRA attorney will closely review your report and provide customized solutions for your case. Contact us to request your free case review today!