If you’re getting harassed by Global Credit & Collection Corp, you likely defaulted on a debt and they bought it. Because they own the debt, they will continually call you, write you letters, and report the debt to the credit bureaus.
While the phone calls and letters are annoying and downright harassing, it’s the debt on your credit report you should worry about the most. When a collection is on your credit report it ruins your credit score and makes it difficult to secure credit in the future.
The good news is there are ways to remove Global Credit & Collection Corp from your credit report.
Start with Debt validation
If you act fast, you may be able to remove Global Credit & Collection from your credit report by contacting them. While speaking to a collection agency is probably last on your list of fun things to do, it can help you in the end.
Fortunately, to validate the debt, you can write them a letter. Anything you can get in writing is better because you’ll have proof of what they agreed to do.
In your letter, ask Global Credit & Collection to validate the debt. This means they must answer any questions you ask about the debt including:
- How much do you owe?
- When was the last payment made?
- Who’s the original creditor?
- What’s the account number?
- What’s the name on the account?
If they can’t answer all of your questions, they must remove the debt from your credit report. This doesn’t mean you don’t owe it – you still might – but they can’t keep it on your credit report, ruining your credit.
Dispute the Debt with the Credit Bureaus
If you missed your chance to dispute the debt, consider a credit dispute with the credit bureaus. To do this, find out which bureau reported the debt by pulling your free credit reports. You’ll need to write to each of the bureaus reporting it.
When you dispute the debt, you must have a reason. Look at the tradeline and figure out what’s inaccurate or unfair in it. Do they have the wrong name, wrong account number, or incorrect payment dates? Is the balance incorrect?
Look for any issues and dispute them. Detail what’s wrong in the letter and provide as much evidence as you can.
The credit bureaus have 30 days to respond to your request. They’ll investigate the issue and if they can’t prove that you’re incorrect, they must remove Global Credit & Collection from your credit report.
Ask for a Payment Arrangement
If you owe the debt to Global Credit & Collection, you must pay it. But there’s good news.
They likely bought the debt for pennies on the dollar. This means you have some wiggle room in negotiations. If you can’t pay the full amount, ask them for a settlement. You’d be surprised at how often they agree to a settlement.
Now, they’ll likely counteroffer any amount you suggest, so start low, knowing that you may have to go higher. But if they agree to an amount less than what you owe, get it in writing.
If your attempts at disputing or validating the debt didn’t work and Global Credit & Collection is still on your credit report, also ask them for a pay for delete. This means they agree to delete the debt from your credit report when you pay it.
Again, get the agreement in writing. If they don’t follow through, you can dispute the debt with the credit bureaus reporting the debt. You’d just supply the written statement they provided agreeing to the pay for delete and proof that you paid the debt as agreed.
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.