Hello World! Welcome Friends! Let’s face it. No one would ever want to be under debt. But, there are just instances where people need money to cover their expenses. Thus, some people prefer to borrow money from lenders in ways such as getting a loan.
When a debtor fails to make payment for a bill, a collection company’s name will reflect a collection account on their credit report. This company is allowed to collect debts and is permitted to contact debtors to settle their accounts. If not, their credit scores are at risk of decreasing. Continue reading to learn more about them.
What is Credence Resource Management?
Credence Resource Management was founded in Nevada in 2013. It is a debt collection agency that collects debts such as student loans, unpaid utilities, personal loans, and more. Currently, they have more or less than 50 employees in Dallas, TX, where their headquarters is located.
Not to mention, they’ve grown as they are also present in different locations such as Washington and in San Jose, California. They also have international offices located in Pune and Mumbai, India.
How will I know if I have a Credence Resource Management debt in my account?
The first thing you should do is check your credit report, confirm, and identify any debt collections enlisted there. Usually, when you receive your credit report, you will see it as a “collections” account. There, you can know if you have any.
Usually, you will have this agency’s name in your credit report if you owe a debt from them, which could hurt your credit scores. However, if you can testify that you don’t have any and it was wronged, it is best to contact them and ask why it exists in your credit report. To know more details about how this could hurt your credit score, visit this website https://www.crediful.com/collection-agencies/credence-resource-management/.
What does Credence Resource Management collect?
These collection agencies are known to conduct collection activities mostly for cable, satellite, and mobile services providers. Not to mention, they also collect for credit card companies as well as in the field of healthcare.
They also make use of “robocalls.” A debtor will be called through this, and instead of talking live to a person, the debtor will hear a recorded message. Robocalls are allowed to be utilized by debt collection agencies, but they are not allowed to be used to sell something, so if your debt collection agency tries to advertise something to you, you may sue them for this.
Other than utilizing the use of robocalls, they also use letters and skip tracing. Skip tracing is utilized if they need to locate a certain debtor. It is beneficial to be used when their debtor ignores and fails to answer their calls or letters sent, especially if the debtor’s location in the address is not the same anymore.
Can Collection Agencies affect my credit scores?
Any debt collection could have negative effects on any debtor’s credit score. A very low credit score could affect you financially also. Possibly, you could be denied if you apply for a line of credit or any other loans.
Most people know that collections could stay on your credit report for as long as seven years. Also, having poor credit could make it harder for you to get home loans, or if you would be allowed, it will be with a higher interest rate. Not to mention, other lenders would not be willing enough to let you borrow money since they know that there’s a chance that you could not pay.
How do I handle Credence Resource Management from damaging my credit scores?
No one wants a low credit score. But, debt collection agencies could affect your credit score if you have an outstanding debt. When you receive a credit report and see an error, you have every right to dispute it.
Make sure you’ve gathered all necessary information and documents to support your stand. When talking to a representative via phone, listen carefully to what they have to say and properly state why you think that there was a mistake that had happened. In this way, you could ask the creditor to validate the debt they said belonged to you.
On the contrary, if it belonged to you, you could write a goodwill deletion letter. In this way, you could explain why you cannot pay, and you are asking the collector to eliminate any negative marks on your credit report.
What are the ways I can do to pay my debt with Credence Resource Management?
If you are sure that the debt collection stated in your credit report is yours and not mistaken by another person, then you must be thinking, how could you pay your debt?
In paying your debt, you may do it by phone or mail. Start by calling their customer service department. You may also opt to contact them via mail. Details about their contact details are stated below.
Takeaway
In borrowing money, we have to pay out debts. Our debts could not only reflect negative consequences on our bank history and credit reports, but they could also affect our lives and priorities. Thus, listed above are the essential things you must know about debt collection agencies in hopes to give a better grasp of how it could hurt your credit scores.
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