By: Daniel Holcomb
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I will be blunt! Collections can kill your future. It can bring down your credit score and hold you back for years. There really is no mercy when it comes to collections. So, in some cases, you should remove collections, and get your credit and future back on track. It’s always best to pay your bills on time, however, things happen! Just don’t accept the damage, see if you can fix this issue.
What is Collections
Collections on your credit report refers to unpaid debts that have been sent to a collection agency for recovery. When a debt is not paid on time, the original creditor may choose to send the debt to a collection agency, which is a third-party company that specializes in collecting unpaid debts. Once a debt has been sent to a collection agency, the collection agency will attempt to collect the debt and may report the debt to the major credit bureaus (Experian, Equifax, and TransUnion).
When a collection account is reported to the credit bureaus, it will be listed on your credit report as a “collection account.” A collection account can have a negative impact on your credit score, as it indicates that you have not paid a debt on time and it may remain on your credit report for up to 7 years.
Collections can be medical bills, credit card debt, personal loans, utility bills, phone bills, and others.
It’s important to note that there are some circumstances in which a debt may be listed as a collection on your credit report even if you have never missed a payment, such as if the original creditor sold the debt to a collection agency. Therefore, it’s important to regularly review your credit report to ensure that all the information is accurate.
Collections on your credit report can be a significant obstacle to obtaining loans and credit cards, as well as getting approved for rental applications or even employment. Fortunately, Credit Saint is here to help you remove collections from your credit report.
Three Steps To Remove Collections
1 Request A Copy Of Your Credit Report
The first step in the process is to request a copy of your credit report from each of the three major credit bureaus: Experian, Equifax, and TransUnion. Once you have reviewed your credit report, you can identify any collections that are inaccurate, outdated or unverifiable.
2. Know when to hire the right team, if you need them
Next, hire Credit Saint’s team of experts that will dispute these collections with the credit bureaus and the original creditors. They will use the Fair Credit Reporting Act (FCRA) to ensure that all information on your credit report is accurate, verifiable, and up-to-date.
If the credit bureaus or original creditors cannot verify the information or do not respond to the disputes, they are required by law to remove the collections from your credit report. This can have a significant positive impact on your credit score.
Keep Active
In addition to removing collections, Credit Saint will also help you improve your credit score by implementing strategies such as paying down outstanding debts, increasing your credit utilization, and keeping your credit accounts open and active.
Why we recommend Credit Saint
Credit Saint is committed to providing personalized service, and our dedicated customer service team is available to answer any questions and address any concerns you may have throughout the credit repair process. They also have an online client portal where you can track the progress of your case, view your credit report, and access educational resources.
My Final Thoughts
In conclusion, Credit Saint can help you remove collections from your credit report and improve your credit score. They have a team of experts who will dispute inaccurate, outdated or unverifiable collections with credit bureaus and original creditors. And also, they provide a dedicated customer service team and an online client portal for monitoring the progress of the case. They are a reliable choice for anyone looking to remove collections from their credit report and improve their credit score.
WELCOME! My name is Michael and I am the founder of Divide The Sea. Holding me back was the many unknowns and challenges in life and future. Once I made the decision to reach my life goals, I learned how to Fix My Credit, Make Money, Save Money, and Start A Business, my life was never the same. My goal now is to educate, because I find nothing more freeing than teaching others and seeing them change their lives like never before! No matter the difficulty, divide that sea and make it to your true destination.
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Michael is the founder of Divide The Sea. Many of us will not be educated in responsibility and preparing for the future. Michael saw this in himself and in his students. This website encourages those to divide the sea and make it to their destination. Here you can learn how to Fix Your Credit, Make Money, Save Money, and Start A Business
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