Dealing with Columbia Debt Recovery can feel overwhelming, but it doesn't have to be. Understanding what this company does and how debt collection works will give you the tools you need to understand the situation and create a plan for resolution.
By knowing your rights as a consumer and understanding the process - from disputing negative marks on your report to suing the collector for any violations that occur - you can take proactive steps to stop the calls and get your finances back on track. With this knowledge, you can make informed decisions about how best to deal with Columbia Debt Recovery and protect yourself.
Debt collectors like Columbia Debt Recovery - also known as Genesis Credit Management - act as a third party between creditors and customers. They make a profit by either purchasing the debt of customers for a fraction of its actual cost or charging the creditor a fee for their collection services.
They usually seek to satisfy debt obligations by entering into agreements with customers to resolve their financial obligations through manageable payment plans that everyone involved can adhere to. In some cases, they also negotiate reduced debt amounts with creditors in order to let customers request a full or partial write-off.
Yes, Columbia Debt Recovery is a legitimate debt collector - if you’ve been contacted by this company, it’s most likely because you’re seriously delinquent on a debt. Their contact information can be found below:
If you have been contacted by this company, it is important to be aware that - despite being licensed to collect unpaid debts - the Better Business Bureau currently gives them an F rating with 1 out of 5 stars from consumers due to some shady practices.
Make sure that you verify the legitimacy of the debt you are being contacted about before agreeing to pay anything. If you believe you are being contacted by mistake, get in touch with our firm. Fair Credit has a team of specialists that will dispute credit report errors on your behalf in order to remove them from your report.
If you've been contacted by Columbia Debt Recovery or any other debt collector, it's important to understand the laws that protect consumers and regulate the debt collection industry. Under the Fair Debt Collection Practices Act (FDCPA), you have specific rights that debt collectors must abide by, such as refraining from using harassing or unfair practices when attempting to collect a debt.
As a consumer, learning about what is and isn't acceptable makes it easier to have an informed response if a collector contacts you. This can help ensure your experience with debt collectors is fair and respects your legal rights. Some of the prohibited behaviors outlined under this law include the following:
When dealing with Columbia Debt Recovery, it's important to keep accurate records in order to hold them accountable in the event of a breach on your rights. This information can be used as evidence should a disagreement lead to litigation.
It's also wise to enlist the help of an attorney specializing in this type of situation. They will provide you with insight on which courses of action have the most potential for protecting your rights and holding Columbia Debt Recovery responsible for their actions.
The first step to getting a Columbia Debt Recovery collections account removed from your credit report is to contact the company directly and request that they remove it. This can be done in writing, by phone, or through their website.
The next is to dispute the error with one or more of the major credit bureaus. The Fair Credit Reporting Act requires that all errors on a credit report be corrected within 30 days of notification.
If both steps fail, here are a few options:
You can also try contacting a qualified attorney's office for assistance in resolving the issue if you feel like you need professional support at any point in the process.
Dealing with collections agencies can be a long and difficult process, but when you have Fair Credit on your side, you'll have an advocate who knows the ins and outs of the situation. Our legal experts go above and beyond to identify any violations of the law, negotiate better terms and put a stop to any further harassment - giving you total confidence that your rights are being protected.
We're passionate about backing our clients to give them peace of mind going forward, so don't hesitate to get in touch for a free case review today.