Are you feeling overwhelmed by your debt because Credit Bureau Services has been repeatedly and relentlessly hounding you for payment? Taking action can be extremely intimidating when the odds seem to be stacked against you, but there’s no need to panic. It is possible to beat Credit Bureau Services debt collections.
Through careful planning, meticulous research, and a bit of courage, you can overcome your current financial obstacles and reclaim control of your finances. In this article, we'll discuss how.
Founded in 1978, Credit Bureau Services is a Missouri-based debt collection agency that focuses on helping original creditors recoup debts that have reached a point of serious delinquency. Credit Bureau Services has two methods of making a profit: one is by purchasing debt for pennies on the dollar, and the other is by being hired by the original creditor to enforce their collections activities.
Their collections program includes communication campaigns utilizing both phone calls and letters—which are often the source of frustration for consumers.
Yes, Credit Bureau Services is a legitimate debt collector. Many consumers will dismiss calls or letters from the company under the misapprehension that it’s a scam - this can have serious consequences down the line, and the issue won’t simply go away because you ignore it.
Credit Bureau Services may have the legal right to collect on debts, but it's clear that consumers who've dealt with the company are less than satisfied with their behavior.
Receiving only a one-star rating from the Better Business Bureau - and facing multiple complaints with the Consumer Financial Protection Bureau by those who felt mistreated or taken advantage of - it goes without saying that they have failed to live up to the standards one would hope for when dealing with something as sensitive as debt.
If you've been contacted by Credit Bureau Services it can be disconcerting - especially if you don't recognize the original account. Determining if you are actually responsible for the debt is not always straightforward. In some cases, like a forgotten bill due to an old address which hasn't been updated in the agency's records, the debt simply may have gone unnoticed.
However, it's never a bad idea to check and make sure your name isn't wrongly associated with someone else's debt, as well as verify whether the amount is what you legitimately owe.
In these situations, it’s recommended that you review all available documentation carefully and exercise caution before entering into any payment agreement. Here are a few cases where the debt in question could be inaccurate or illegitimate:
These are debts that have been settled according to the agreed upon payment terms with creditors.
These are debts that were listed as belonging to you even though they don’t. This could be due to errors made by creditors or identity theft.
Identity theft is when someone uses your personal information without your knowledge or permission to open accounts or apply for loans or credit cards in your name.
These are debts that have been incorrectly reported as overdue when they were actually paid on time.
If you are being contacted by a debt collection agency over an alleged debt that you don't believe to be yours, standing up for your rights is the first and most important priority.
Don't let yourself become intimidated or settle the matter without due diligence. Make sure the debt is valid before you agree to any payments.
Protect yourself and don't allow agencies making false claims to harm your financial standing. It is entirely within your right to make them show proof before taking any action.
Understanding and exercising the rights you have under the FDCPA is essential for keeping debt collectors like Credit Bureau Services in check when pursuing a debt. Not only does the FDCPA dictate which language these services must use, but it also mandates that collection calls are made during restricted hours - typically from 8am to 9pm local time - and that consumers must be treated with respect through every step of the collection process.
This law helps protect your personal wellbeing, as well as your financial security, from aggressive tactics that debt collectors sometimes employ on overdue accounts. Here are some practices that are prohibited under federal law:
Understanding your rights as a consumer is the first step to proactively protecting yourself from any unfair tactics Credit Bureau Services might use. Compiling evidence of communication or phone records provides you with an added layer of security if a violation were to occur.
If this happens, filing a lawsuit and seeking justice through legal channels should be explored, for which having the guidance of a qualified attorney is highly recommended.
Credit Bureau Services collects for companies across a range of industries - this includes medical and healthcare, telecoms, student lenders, rental property managers, internet services providers and more. Since your rights as a consumer will vary by the type of debt you owe, it’s important to work with an attorney who can help you understand how to negotiate with Credit Bureau Services or any other collector.
At Fair Credit, we are passionate about defending consumer rights and protecting them against predatory collections agencies. Our experienced legal experts are here to help navigate delicate financial matters and alleviate any stress related to credit bureau services.
We strive to achieve favorable outcomes quickly and efficiently while always championing our clients’ rights in the process. If you’re finding yourself overwhelmed by an issue with a collections agency, don’t hesitate - contact us today for your free case review, and let us take your burden away.