Summary: We will outline everything you need to know in order to remove Radius Global Solutions (radiusglobalsol) from your credit report.
You may have recently pulled your credit report and found Radius Global Solutions listed as a collection account. The collection can also show up as “radiusglobalsol” on your credit report.
Fortunately, there are ways to remove Radius Global Solutions from your credit report and get them to stop contacting you.
What is Radius Global Solutions?
Radius Global Solutions, LLC is a US-based debt collection and account recovery company. Usually they buy debts from creditors who have exhausted their options to collect on your debt. Many companies choose to sell their debts to a collection agency once it is over 90 days past due.
Radius Global Solutions works with credit card companies, educational institutions, healthcare facilities, and utility companies. Once your debt has been sold, more than likely you will start receiving harassing phone calls, letters, and most importantly, a negative entry on your credit report.
Should You Pay Radius Global Solutions?
Before we jump into how to deal with Radius Global Solutions, it’s important that you avoid a very common mistake. Many times collection agencies will contact you and demand that you pay the debt in full, and infer that this will remove the collection from your credit report and fix your credit score.
This isn’t true. Let’s get into the difference between a paid collection and unpaid collection.
Paid Collection Vs. Unpaid Collection
When a collection account is listed on your credit report, it’s marked as either “paid” or “unpaid”. One would think that a paid collection wouldn’t negatively affect your credit score as much as an unpaid collection. However, this isn’t true. That is, both paid and unpaid collections negatively affect your credit score.
Therefore, despite what a collector might say, it makes no sense for you to simply pay the debt if your goal is to improve your credit score. In fact, there are much better ways to deal with the situation and that’s what we’re going to get into next.
So hold off on paying Radius Global Solutions until you have tried the better solutions.
How to Get Radius Global Solutions To Stop Calling
First of all, let’s get Radius Global Solutions to stop calling you. You can easily accomplish this by knowing your rights under the Fair Debt Collection Practices Act, and letting them know that you know your rights. Debt collectors have to abide by pretty strict rules, and often times they don’t follow the rules because they assume you don’t know your rights.
Rather than read the entire bill, here are the most important aspects you should be aware of.
- A debt collector can’t contact you at your place of work.
- A debt collector can’t contact you outside the times of 8AM – 9PM (your local time).
- A collector can’t talk to your family or friends about your debts.
- A collector can’t use profane language or threaten you or your property.
- A collector can’t threaten to imprison you.
The best way to deal with Radius Global Solutions (or any debt collector) when they call is to simply tell them that you know your rights under the Fair Debt Collection Practices Act, and for now on you want all communications to be done via mail.
Whatever you do, don’t pay them anything or give them access to your credit card or bank account.
Once you have stopped the collection phone calls, it’s time to start looking at how to remove the collection from your credit report.
Steps to Remove Radius Global Solutions from your Credit Report
Now let’s get into how to remove the collection entry from your credit report. This will likely have a positive affect on your credit score, and allow you to get much better rates when applying for credit in the future. Removing a single collection can often increase your credit score 50 points or more. It’s definitely worth the trouble to get it deleted.
1. Write a Debt Validation Letter
The first method you should employ is referred to as a “Debt Validation Letter”, or in other words, validating the debt.
By law, you have the right to demand that Radius Global Solutions validate that the debt they are attempting to collect is in fact yours, and all of the information on the debt is accurate.
Keep in mind that you only have 30 days from the time they first contacted you. If it’s past the 30 days in your situation, you can still try requesting that they validate the debt, but they don’t have an obligation to.
Employ the debt validation method by writing them a letter asking for important details about the account including:
- Who was the original creditor?
- What’s the account number?
- What’s the balance?
- When was the last payment made?
- How much was the original balance?
You have the right to ask as many questions as you want. Radius Global Solutions has 30 days to respond. If they can’t verify the information, they must remove the debt from your credit report. However, this doesn’t mean you don’t owe the debt, so keep reading.
When they are unable to validate the debt, you should write a follow up letter demanding that they remove the collection from your credit report. This is important because they won’t always do it unless you are adamant and persistent.
2. Arrange a Pay-for-Delete Agreement
When the debt validation method fails, either because it’s past the 30 day window, or they were able to validate the debt, your next step should be to arrange to pay the debt in exchange for them removing the negative entry from your credit report.
Pay-for-Delete is a very affective way to remove negative collections from your credit report. The caveat, of course, is that you will have to pay up.
You will need to pay either the full amount owed, or negotiate a lower amount. Negotiating an amount less than the current balance is more successful when the debt is quite old. This is because the older the debt, the most willing they are to accept anything to get a return on their investment.
Start by writing Radius Global Solutions a letter. The letter should state that you’re willing to pay the debt (either in full or a negotiated lower amount) if they agree to remove the collection account from your credit report.
Here are the steps:
- Negotiate a settlement – You can negotiate a settlement with Radius. They likely bought the debt for less than the full amount, so you have room to negotiate. Start with an amount lower than what you can afford to pay because they will likely counter your offer.
- Ask for a pay-for-delete – If Radius is still on your credit report ask them to remove the debt from your credit report after you settle the debt as agreed. They aren’t obligated to accept this request, but they often do.
Whatever agreement you end up with, get it in writing. Don’t take a verbal agreement. There’s nothing binding about it. If Radius doesn’t remove the debt from your credit report or accept the amount they agreed on verbally as settled in full, you could be on the hook for the full amount with no recourse because you don’t have anything in writing.
3. Dispute the Collection
The next method you can try is to simply dispute the collection entry on your credit report as inaccurate. For this, you will need to get a copy of your credit report from the 3 credit bureaus: Equifax, Transunion, and Experian.
What you’re trying to do here is find anything on the collection entry that is inaccurate. Here are a few details to check:
- Current Balance
- Original Balance
- Reported Dates
Basically look for anything that isn’t correct. If you find an inaccuracy, dispute the collection with all 3 of the credit bureaus by sending them a dispute in writing.
Credit Bureau Dispute Mailing Addresses
|P.O. Box 2000 Chester, PA 19016||P.O. Box 740256 Atlanta, GA 30374||P.O. Box 9701 Allen, TX 75013|
The credit bureaus have 30 days to investigate your dispute. This will result in one of three outcomes.
- Collection is accurate: nothing happens and the collection will remain on your credit report.
- Collection is inaccurate: the inaccurate information is corrected but the collection remains on your credit report.
- Collection is inaccurate: the collection is completely removed.
Of course, the only positive outcome you’re looking for here is for the collection to be completely removed. Any other outcome, and your credit score will remain negatively affected.
4. 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.
Overall, there are two main ways to remove Radius Global Solutions from your credit report. You can use the do-it-yourself methods outlined in this article, or you can hire a professional credit repair company to work with you to remove the collection.
It really boils down to how much work you’re willing to put into the process. The do-it-yourself method is very time consuming, but it’s also free. On the other hand, hiring a professional will often lead to better results simply because they are experts at helping people improve their credit score.
Regardless of which method you use, it’s worth removing a collection from your credit report simply because it has such a negative impact on your credit score. A bad credit score can make life difficult in a number of ways and should be avoided when possible.