When you forgot to pay a bill, it may wind up in the hands of Credit Control Corporation. They are a popular collection agency working for a variety of creditors to help them recoup the money they lost from defaulted debts.
If you pulled your credit and found Credit Control Corporation on it, it’s important to know what steps to take. Just paying the debt isn’t enough. It will remain on your credit report for 7 years, hurting your score and chances of securing future credit.
4 Ways to Remove Credit Control Corporation From Your Credit Report
Here are the simple steps to take to remove Credit Control Corporation from your credit report. Remember, even a single collection on your credit report could significant hurt your credit score and make it difficult to get a loan in the future. In my experience, it’s best to remove it as quickly as possible.
Verify the Debt
Before you do anything, verify the debt. Sometimes mistakes happen and if so, you can have the debt removed from your credit report with no issue. Of course, you must prove the debt doesn’t belong to you, but if it truly isn’t yours, this shouldn’t be hard.
You have 30 days to resolve the issue with Credit Control Corporation from the date they contact you. If you miss this chance, you must contact the credit bureaus reporting the debt and it’s called a dispute versus a verification.
Disputing the Debt
To dispute the debt, you’ll need contact the credit bureaus reporting it. Sometimes only one bureau reports the debt and other times all three do. Everyone gets free weekly access to their credit reports, so feel free to pull yours and find out who is reporting your debt.
Write a letter to each bureau stating that you don’t agree with the collection on your credit report and why. If it doesn’t belong to you, that’s a simple reason. If you have other reasons for disputing it, such as the information is inaccurate or unfair, state the reasons and provide as much proof as possible.’
Ask for a Pay-for-Delete
If you owe the debt, you have another option. Collection agencies would have you believe that you must pay the entire amount owed to satisfy the debt.
Credit Control Corporation likely bought your debt for pennies on the dollar. They try to collect the full amount from you to make a profit, but they have room for negotiation. This means you can negotiate a settlement.
In your negotiations, ask them to not only lower the amount you owe but also to remove the collection from the credit report.
Since you likely defaulted with a creditor that reports to the credit bureaus, your credit score was already hit with the late payment. There’s no reason to have the collection there too. Collection agencies report the collections to the credit bureaus to get leverage against you, getting you to pay the debt.
When you negotiate a settlement, ask them to delete the account from your credit report. Also, make sure you get everything in writing. If they agree verbally, they may not follow through even after you pay the debt. But if you have it in writing, you can dispute the debt with the credit bureaus after you pay it and they don’t remove it.
Have a Professional Remove the Collection
Lastly, if you’re the type of person who would rather have a professional handle it and just be done with the whole thing, I suggest you check out Lexington Law Credit Repair. They’ll take care of you, and honestly they usually get negative items removed quicker than if you try to do it yourself. Give them a call at 1-844-331-6062 or Check out our review of their service.
Ways to Avoid a Collection on your Credit Report
Once you take care of Credit Control Corporation on your credit report, know how to avoid future issues with collection agencies.
- Pay your bills on time. If you can’t contact your creditor, don’t ignore the debt.
- Don’t let your bills get more than 90 days past due. If you can’t help a late payment (life happens), don’t let it get to 90 days past due without doing something about it.
- Prove any hardships you have that prevent you from paying your bills. Creditors are human and may cut you a break if you have a serious issue going on that prevents you from paying your bills.