Although it can be difficult to face and tackle debt, having the right information can make the process easier and less intimidating. In this article, we'll provide all the facts you need to take charge of your financial situation if Kay Jewelers Collection Agency has contacted you.
You'll find out what the company is, how it affects your credit score, and how you can have them removed from your credit report for good. With this information, taking control of your debt doesn't have to feel overwhelming – keep reading to get started!
Kay Jewelers Collection Agency is the collection branch of Kay Jewelers. This department is mostly in charge of handling in-house debts that have become seriously delinquent - however, the company also acts as a third-party agency in some cases.
When Kay Jewelers Collection Agency acts as a third-party debt collector, they will purchase outstanding debts from outside lenders at a reduced rate and then make attempts to collect the full amount owed. This allows borrowers to settle their debts without having to deal directly with their original creditor.
Yes, Kay Jewelers Collection Agency is a legitimate debt collector - the company can be pretty aggressive about pursuing debts, so it’s important to understand that they’re not a scam and ignoring them won’t make them go away. Their contact information can be found below:
Kay Jewelers Collection Agency's 1-star rating with both the Better Business Bureau and the Consumer Financial Protection Bureau speaks volumes about their customer service. The numerous complaints filed against them are a warning to customers, as it demonstrates their refusal to work with customers fairly and amicably.
While the company is within its legal rights to collect on debts, consumers should understand that engaging with the company without proper counsel may ultimately make the situation worse.
Working with debt collectors can be daunting, so knowing your rights as a consumer under the Fair Debt Collection Practices Act (FDCPA) is essential. By being familiar with your consumer rights, you are better able to protect yourself from unfair or deceptive practices employed by debt collectors.
The law provides you with some powerful protections, including the right to seek damages from debt collectors who violate your rights. It also ensures that debt collectors must treat you fairly and honestly during collection efforts, and understanding your rights will help ensure you are not taken advantage of as you work with debt collectors. Some prohibited behaviors under the FDCPA include the following:
If the company violates any of these protections, you have every right to hold them responsible. Keeping accurate records of any communication with the company is essential as it may serve to strengthen your case should you choose to file a claim against them.
It is best to consult with an experienced lawyer who specializes in this area of law, as they will be able to provide you with the most appropriate advice and legal counsel that best suit your situation and protect your rights and interests.
A collections account from Kay Jewelers can be very damaging to your credit score and impact your overall financial health - but if you take the right steps, you can get the collection account removed from your credit report. It’s important to understand that removing a collections account is not a simple process, but it is possible with the right information and diligence.
Here are a few things you can do to get the negative mark removed:
Any inaccuracies should be disputed as soon as possible.
You may be able to arrange for a lower payment or settle for less than what is owed.
Contact all three major credit bureaus and request that they remove the collection account from your credit report or file a dispute with each.
Removing a collections account from your credit report can be a lengthy process, but taking these steps will help ensure that it is taken care of correctly. If you’re struggling completing one or more of these on your own, it helps to work with a lawyer that has experience in consumer protection law.
The team at Fair Credit understands that dealing with a debt collection agency can be overwhelming and stressful. That's why we are dedicated to providing assistance when it matters most. Our legal professionals have years of experience in the field and will strive to ensure all negotiations occur with your best interests and well-being in mind.
Don't wait - take charge of your finances by contacting us today for a free case review.