Are you receiving calls from Caine & Weiner? Surprising calls from any debt collector is stressful. Collection agencies such as Caine & Weiner often make errors in their collection efforts. Additionally, they sometimes resort to aggressive harassment tactics in order to receive payments from consumers.
Discovering a debt collection on your credit report is always distressing. But don’t get defeated. There are many resources available for consumers faced with debt collection calls.
In this article, we will tell you everything that you need to know about Caine & Weiner and how you can dispute their charges, and get the calls to stop.
Yes, Caine & Weiner is a legitimate company. They are based in Sherman Oaks, California, and were founded in 1929. Like many other debt collection agencies, Caine and Weiner tend to spam call their alleged debtors. Alternatively, unlike others in their industry, they present themselves as a “recovery service”, They often sound much more legitimate than other debt collection agencies.
They are a third-party debt collector who buys debts from creditors. In other instances, creditors pay them to collect past-due debts on their behalf. Creditors such as banks and other financial institutions often use this business strategy, called a charge-off. This method of collection is utilized when they have exhausted their efforts trying to directly collect debts from consumers themselves.
Caine & Weiner is a prominent California debt collector, similar to Consumer Portfolio Services and many others. If you reside in the state and have been receiving incessant phone calls from them, it’s because they think you owe a debt that they now own. These calls can be frequent, aggressive, and in some cases, threatening. Unfortunately, this is how most debt collection agencies operate.
All debt collectors care about is receiving payment, whether it is truly your debt to pay or not. Preying on the unsuspecting and vulnerable is part of their collection method.
However, many debt collection agencies make errors and sometimes even pursue the wrong person for a past-due debt. And, even if you owe a debt, there are regulations that debt collection companies must follow in their pursuit of payment.
According to their website, Caine & Weiner work with 3,000 different credit professionals worldwide. But, they don’t specifically disclose who their clients are. In fact, many other debt collection agencies employ this same strategy. In their eyes, the less you know about them, the better.
Any time there is a derogatory mark on your credit report, your credit score will lower. Negative information stays on your credit report for 7 years. Even if you pay the debt off, your credit report will still be stained.
Therefore, it is not always best to just immediately pay the debt being pursued. The debt may not be valid, it might have already been paid, or paying it off may do more harm than help to your credit score.
If you are receiving calls from Caine and Weiner the first thing you should do is seek professional advice to explore your options and confirm the debt is valid in the first place.
Depending on your particular case, you may be able to get Caine and Weiner removed from your credit report. Sometimes this can be done without making any payments to them at all. Below is a step by step process of how you can work towards removing Caine and Weiner, therefore improving your credit score.
Credit scores are determined by the information collected and stored by the three major credit bureaus - TransUnion, Equifax, and Experian.
As a consumer, it is your right to dispute errors on your credit report. Reach out to our firm at Fair Credit for assistance with the dispute process.
Keep a record of all interactions with Caine & Weiner, from phone calls, emails, and letters through the mail. You can never be too thorough. Make sure to note the time, date, and nature of the conversation. This is especially important if you think you are being harassed.
Cease-and-desist letters are written to stop harassing behavior. However, these are not classified as legal documents. Anyone can send a cease-and-desist letter, but it can be helpful to hire an attorney for this step.
After this time, Caine & Weiner can no longer sue you. The statute of limitations will be different depending on the state you reside in and the kind of debt accrued.
The CFPB and the FTC are government agencies designed to protect consumers.
If you are experiencing harassment from Caine & Weiner, there are a few things you can do to regain a sense of control. With a simple online search, you will come across many reviews about Caine and Weiner. Many consumers complain of harassment and aggressive collection tactics from them.
If you think your rights are being violated by Caine and Weiner, here are some helpful tips.
Under the FDCPA (Fair Debt Collection Practices Act), consumers have rights when it comes to debt collectors contacting them. Here are a few examples:
Many times, these debts are falsely reported or attributed to you by mistake. In such a case, the delinquent debt can be removed from your credit report without any payment negotiations. Here are some examples.
Maybe you have owed money before, but you already paid off the debt. A common error on many debt collectors’ part is asking for money when the debt has already been paid. Their records could be incorrect, or they could be trying to trick you into giving them more money.
Caine & Weiner is looking for someone with a similar or the same name as you. For example, someone named John Smith who lives in Indiana could be confused for a John Smith who lives in Hawaii. In this case, the debt is falsely attributed to you.
Unfortunately, identity theft is a common occurrence nowadays. With technology advancing, it’s getting easier for thieves to impersonate you and steal your identity. If someone else opened an account in your name and the debt was pinned on you, you do not have to pay the debt.
Everyone makes mistakes. Sometimes debts are put into the system incorrectly. If you know that you paid a debt that is showing up as either unpaid or late on your credit report, you can dispute it.
Some attorneys specialize in debt litigation. Many consumers utilize an attorney to handle legal suits against malicious debt collection agencies.
In addition to fighting debt collection errors, attorneys can aid in credit reporting errors and background check errors. These kinds of errors can be detrimental to your credit score and identity protection.
Background check errors can prevent you from securing a job offer. Having wrongful debt on your credit report can follow you for a long time, lower your credit score, and ruin your future financial goals.
After reading this far, maybe you’ve found yourself ready to get relief from Caine & Weiner’s collection efforts.
Reach out to one of our attorneys at Fair Credit LLC. We can give you a free case review and connect you with an attorney who will help you deal with and verify your debt with Caine & Weiner. Support is available!