Better Credit Blog
AUGUST 17, 2020
That’s because Cavalry isn’t actually a lender or service provider. Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. Cavalry SPV is one of the largest debt collection agencies in the nation. Send a debt validation letter.
Better Credit Blog
AUGUST 31, 2020
This is because they must open a collection account on your credit report before they can begin pursuing you for payment. Collection accounts on your credit report can influence your credit score for up to seven years, even if you pay off the debt. This legislation is called the Fair Debt Collection Practices Act.
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Better Credit Blog
AUGUST 17, 2020
Collection accounts can hurt your credit score even after you pay off the debt. These entries remain on your credit report for up to seven years, which means that they can be viewed by creditors and lenders. Request Debt Validation. The debt collection process is by no means perfect. Know Your Rights.
Better Credit Blog
AUGUST 7, 2020
Having collection accounts on your credit score is incredibly damaging to your credit health. Future lenders are able to see any collection accounts on your credit report and can deny you loans based on your history. The first step when dealing with debt collectors is to request that they only communicate with you in writing.
Better Credit Blog
AUGUST 22, 2020
Collection entries on your credit report are extraordinarily harmful to your credit score. They can affect your score for up to seven years after you pay the balance of the debt, and they can be viewed by future lenders who can make loan decisions based on your history of nonpayment.
Better Credit Blog
SEPTEMBER 29, 2020
Debt collectors can cause a lot of problems for your credit score down the line. Collection accounts can hurt your credit score for up to seven years even after you pay off the debt. They can also be viewed by lenders down the line, which means you could be denied loans or credit cards.
Better Credit Blog
SEPTEMBER 18, 2020
Collection accounts are a black mark on your credit report. They can remain on your report for up to seven years even if you pay the debt. Future lenders can see them and make loan decisions based on the fact that you failed to pay a debt. This is a way that you can get the collection entry deleted on a technicality.
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