CMRE Financial Services (CMREFSI) on Your Credit Report? Fight Back and Win

When CMRE Financial Services is listed on your credit report, it means that a debt of yours has become seriously delinquent since collection agencies are only contacted when creditors have decided to charge off the debt. 

Knowing the processes behind debt collection and how to go about having the information removed from your credit report is a critical step towards keeping your financial health in check. By investing some time into understanding all of the necessary steps for removal, you can gain control of your financial future and get back on track towards financial freedom.

What Does CMRE Financial Services Do?

Debt collectors like CMRE Financial - a California-based company founded in 1996 - are companies hired by lenders or other creditors to recover unpaid debts. They typically purchase past-due debt from lenders for a fraction of the original amount owed, and then attempt to collect repayment in full from the originating borrower. 

Collectors usually contact the debtor via mail or phone call in an effort to discuss payment options which might include lump sum payments, installment plans, or debt settlements. They've become a notorious nuisance for consumers, and the majority of them have been hit with lawsuits for violating consumer protection laws.

Is CMRE Financial Services a Legit Company?

CMRE is a legitimate debt collector, but with a C rating - and 1/5 stars from consumers - the company is only a notch above a scam. Their contact information can be found below:

• Phone Number: (800) 783-9118
• Address: 3075 E Imperial Hwy Ste 200 Brea, CA 92821-6753
• Website: https://cmre.virtualcollector.net/
• BBB Rating: 1/5 

If you don't recognize the debt, don't enter into a payment arrangement until you investigate - mistakes happen and so does identity theft, so it's important to make sure that any debt you're expected to pay is rightfully yours. Get in touch with our firm today. We can ensure there are no errors on your report by disputing them on your behalf.

What Can I Do If I’m Being Harassed by CMRE Financial Services?

When you receive a collections call from CMRE Financial Services, it is important to remember that federal law provides you with certain rights in regards to the debt. You are protected under the Fair Debt Collection Practices Act, which outlines actions that creditors and debt collectors are prohibited from taking when attempting to collect money owed. 

By understanding your rights and utilizing the protections provided by the law, you can protect yourself from unfair or harassing practices. Here are some illegal behaviors under federal law:

• Harassment of debtors, such as calling them repeatedly, using obscene language, or making threats.
• False representations of debts to deceive and mislead debtors, such as falsely claiming to be a lawyer or law enforcement officer.
• Misrepresenting the amount of debt owed by a debtor.
• Contacting debtors at inconvenient times, such as before 8 am and after 9 pm in the debtor's local time zone.
• Communicating about the debt with third parties, including family members or employers without the debtor's consent.
• Prohibiting debt collectors from using false statements when attempting to collect a debt from a debtor, such as falsely informing that legal action has been taken against them when it has not been taken yet or that they will be arrested if they do not pay their debt immediately.
• Using unfair collection practices like deception and intimidation to try to obtain payment on a debt from a debtor or otherwise take advantage of them financially by charging excessive fees and interest rates beyond those allowed by law.
• Failing to provide sufficient verification of a debt upon request by a debtor within 30 days of initial contact with the collector about the alleged debt and/or continuing collection activities after being requested in writing by the debtor to cease contact regarding said alleged debt.

If CMRE has violated any of these prohibitions, do not hesitate to take legal action. Before you do, documenting the offenses and seeking counsel from an attorney with experience in consumer law can be crucial for building a successful case. Having an expert in consumer law to offer support throughout litigation will give you the best chance of success. 

How Can I Get CMRE Financial Services Removed from My Credit Report? 

Getting a collections account removed from your credit report can be a tricky process, but it’s absolutely possible. To get started, you’ll want to take the following steps:

• Reach out to CMRE Financial Services and request that they remove your account from your credit report. Explain why you believe the account should be removed, such as if you think it was reported in error or is inaccurate in some way.
• Send a dispute letter to each of the three major credit reporting bureaus (Equifax, Experian, and TransUnion) asking them to verify the debt with CMRE Financial Services. In this letter include copies of any documentation you have proving that the debt is not yours or has been paid off.
• Create an updated budget and payment plan, if needed. This will help demonstrate to creditors that you are capable of managing your finances responsibly, which may increase the chances that they will delete any negative entries on your credit report related to this debt.

Monitor your credit score for changes after sending the dispute letters and continuing to make timely payments on other debts and bills. If there is no change in 30-45 days after disputing, consider filing suit against CMRE Financial Services for incorrect reporting practices.

Contact Us For Your Free Case Review

The stress of being taken advantage of by debt collectors can be crushing. You don't have to bear the burden alone, however; at Fair Credit we are dedicated to looking after our clients and ensuring their rights are protected. 

Our legal team is comprised of experienced attorneys, specialized in consumer law, so you can be sure your finances will stay secure. Get in touch with us today for a free case review and find out how we can help you.