![]() Security Credit Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate. Send the collection agency a debt validation letter. You have a legal right to request debt validation on an alleged debt.It is a violation of federal law for Security Credit Services to report inaccurate or incomplete information about you.In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. Your Rights When Dealing with Security Credit Servicesĭebt collectors must abide by state and federal laws in the United States. These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors. You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). If a debt collector is harassing you, you may want to consider filing a complaint. Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most debt collection agencies prefer to work out a repayment plan with the debtor before moving towards legal action. However, lawsuits are generally considered a last resort due to the cost, time, and effort involved. If they decide to sue and the court rules in their favor, the judgment could potentially allow them to garnish your wages or levy your bank accounts, depending on the laws within your state. This action is typically taken when other methods of debt recovery, such as phone calls, letters, or payment plans, have failed. Will Security Credit Services sue me or garnish my wages?Īs a debt collection agency, Security Credit Services, LLC has the ability to pursue a lawsuit against debtors who fail to repay their debt. ![]() They help remove millions of negative items every year from companies like Security Credit Services on behalf of their clients. The most effective way to deal with Security Credit Services is to work with a credit repair professional. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit. ![]() As a result, it could harm your credit rather than improve it. And making payments on the debt will reset the clock. It’s best to avoid speaking to a collection agency on the phone. Phone number: (866) 699-7889 Should I contact or pay Security Credit Services? Security Credit Services, LLC Contact Information Get started on the path to better credit today: Fill out the form for a free credit consultation. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more. In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. Professional credit repair services work with people who want to get their credit back on track. (While debt collectors may not want this information to be widely known, it’s your right to be informed.) However, it is possible to remove a collection account from your credit history before seven years. Unfortunately, paying the collection could even lower your credit score. How can I remove Security Credit Services from my credit report?Ĭollections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. However, it’s important to verify any debts they claim you owe before making any payments. They are authorized to collect debts on behalf of their clients. Security Credit Services is a legitimate debt collection company. Is Security Credit Services legit or a scam? Security Credit Services is a debt buyer who specializes in buying delinquent and charged off debts from banks, credit card issuers, retailers, and other financial institutions for pennies on the dollar. Who does Security Credit Services collect for? This usually occurs when a bill has been unpaid for an extended period. If Security Credit Services, LLC, or EquiPro Investments appears on your credit report as a collections account, it indicates that they are attempting to recover a debt you owe. The firm aims to recoup outstanding debts on behalf of their clients. Security Credit Services, LLC, also known as EquiPro Investments, is a debt collection agency with its headquarters in Oxford, Mississippi, and an additional office in Atlanta, Georgia.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |