Are you getting harassing phone calls from Reliant Capital Solutions? Maybe you discovered them on your credit report and wonder where it came from and why it’s there.
Reliant Capital Solutions is a debt collection agency that buys old debts from creditors and tries to collect on them. They can be somewhat harassing and their collection on your credit report can hurt your credit and chances of securing future loans.
If you find Reliant Capital Solutions on your credit report, here’s how to remove them fast.
Find out Why they are There
First, you need to know why Reliant Capital Solutions is on your credit report. You defaulted on a debt, but which one, when, and what do you owe?
These are all questions you should ask of Reliant in writing. Write them what’s called a debt validation letter. It’s a letter asking for details about the collection – how they got it, what you owe, who it belongs to, and when did it default?
Ask as many questions as you can think of about it. Reliant must answer the questions and if they can’t, they must remove the debt from your credit report.
This is the easiest way to remove Reliant Capital Solutions from your credit report. It’s not always that easy, though.
If that doesn’t work, here’s what’s next.
Dispute the Debt
If you feel any of the information provided was in error, dispute the debt with the credit bureau. First, you must know how reported it. Pull your free credit report and look at all three bureaus – TransUnion, Equifax, and Experian.
If all three report it – write to all three. If only one or two report it, write to them. In your dispute, explain why you think the collection was reported in error. What information is incorrect or unfair? If you have any proof of what you’re claiming – write that too.
The credit bureau has 30 days to respond to your request. If they can’t validate or prove otherwise from what you stated, they must remove the collection from your credit report.
Pay the Debt
If the above steps don’t work, you have one more option. Even if the above steps did work, you’ll still have to pay the collection. It doesn’t erase the debt, it just eliminates it from your credit report.
If you couldn’t get Reliant Capital Solutions off your credit report yet, ask them for a pay-for-delete agreement. With this agreement, you agree to settle the account for a certain amount of money and in exchange Reliant offers to remove the account from your credit report.
It sounds easy and it can be, but there may be some back and forth counteroffers before you come to an agreement, and that’s okay. Just make sure you know your budget and what you can afford.
Once you reach an agreement, get it in writing. There’s nothing holding Reliant to removing the debt from your credit report if you don’t have written proof. A verbal agreement isn’t enough.
When you pay the debt, pay with something other than your checking account. Don’t let them tell you that you have to give them access to your checking account. Instead tell them you’ll pay via cashier’s check or money order. Send the payment via certified mail with return receipt requested so you have proof they received it.
Check your Credit Report
No matter which method you use to remove Reliant Capital Solutions from your credit report, follow up within 30 to 60 days by pulling your credit reports again. See if they followed through or if the credit bureau removed the account from your report.
If it’s still there, follow up. Provide any written proof you have that the account shouldn’t be on your credit report any longer. Keep doing this until you know it’s removed.
Don’t leave Reliant Capital Solutions on your credit report. There are ways to remove it so it doesn’t hurt your credit score and future lending ability for the next 7 years. The faster you act, the easier it is to remove it, but you always have options to remove it.
Fortunately, your credit score is fluid and can bounce back from having a collection on it. The faster you remove it, the faster your score will improve. Make sure you make your other payments on time and don’t default on anything moving forward to avoid any more damage to your credit score in the meantime.