What Is Great Lakes Processing On My Credit Report?
Great Lakes Processing is a debt collection agency. If you are seeing them on your credit report, it likely means they have purchased your debt from a creditor and are (or will be) attempting to collect it from you.
Is Great Lakes Processing A Debt Collection Agency?
Yes, Great Lakes Processing is a debt collection agency. They buy debt from a number of different creditors that no longer wish to attempt to collect the amount themselves (also known as a "charge-off").
Great Lakes Processing may attempt to reach out via mail or phone calls (demanding payment). The worst part is a collections account will now be seen on your credit report. This hurts your score, as well as reducing your chances of getting approved for a loan or other important financial event.
But it’s not all bad news! We may be able to help you with this account. Call us today to find out more.
Who Does Great Lakes Processing Collect For?
Great Lakes Processing purchases debt from a range of different creditors. The information isn’t always publicly available and is constantly changing, so it’s difficult to provide an accurate and up-to-date list.
Does Great Lakes Processing Hurt My Credit Score?
Yes, it is highly likely having Great Lakes Processing on your credit report is damaging your score significantly.
How Great Lakes Processing Can Impact Your Financial Health
Having a debt collection account listed on your credit report can have serious implications on your financial health, such as a lower credit score, difficulty obtaining loans or renting an apartment, and constant harassment from the agency. Fortunately, you don't have to face this alone. Credit Sage specializes in helping clients remove collections accounts from their credit reports. Our team of experts will work with you to identify errors or inaccuracies and dispute them, getting you back on track towards financial stability and peace of mind.
Understanding Your Options When Dealing with Great Lakes Processing
If you're dealing with Great Lakes Processing, it's important to understand your options. Paying off the debt may not always guarantee the removal of the collection account from your credit report. Consider working with a credit repair professional like Credit Sage to help navigate the process of disputing and removing collections accounts.
Additionally, you have rights when dealing with debt collectors like Great Lakes Processing. The Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) provide consumer protection against unfair, deceptive, and abusive practices. If you believe these rights have been violated, don't hesitate to seek guidance from a professional.
How Do I Remove Great Lakes Processing From My Credit Report?
To be eligible to remove Great Lakes Processing from your credit report, you typically need to meet the following requirements:
- Any information on the account is incorrect
- Any information on the account is error’d
- Any information on the account is fraudulent
- And is not (or cannot be) fixed in an appropriate amount of time
According to a study by the U.S. PIRGs, 79% of credit reports contain mistakes or serious errors. Going after these types of accounts for our clients is our specialty.
Should I Pay For Delete With Great Lakes Processing?
Paying off Great Lakes Processing to have credit bureaus delete it from your report sounds like a good idea. There's one major problem. Paying a debt in collections changes your credit report status from 'unpaid' to 'paid', but the collection remains on your report for 7 years (from the date of first delinquency). This means your credit is still damaged.
Should I Negotiate A Settlement With Great Lakes Processing?
Settling your debt with Great Lakes Processing could go both ways. It may help your score, but it may also hurt your score. Many variables impact the end result. There is a better path to a good result. Work with a company that is able to review these accounts for you (like Credit Sage), and if any issues with the account exist you may have it removed all together (and never have to hear from them again).
Is Great Lakes Processing Legit, Fake Or A Scam?
Great Lakes Processing is a legitimate company. They aren’t fake or trying to scam you. But it is likely they are spam calling you trying to collect a debt. One of the best ways to deal with this is to dispute and remove unvalidated debts.
Why Do Great Lakes Processing Keep Calling Me?
Great Lakes Processing continues to call and attempt to collect a debt. The best thing you can do is ignore their calls and speak with a company that can help you get it removed (like Credit Sage).
How To Get Great Lakes Processing To Stop Calling Me?
As we’ve mentioned above, Great Lakes Processing will be calling you to attempt to collect a debt. The best thing you can do to stop this is speak with a company that can help you get them removed from your credit report, like Credit Sage. Once they are off your credit report, you won’t have to hear from them again.
Great Lakes Processing Reviews And Complaints
Great Lakes Processing has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Great Lakes Processing Try Suing Or Garnishing My Wages?
Great Lakes Processing suing would be a very unlikely situation. In rare cases it may happen, but it certainly isn’t the norm. State and federal laws place limits or 'exemptions' that apply to bank and wage garnishments.
We strongly recommend calling us, we’ll help determine the likelihood of a lawsuit, but also provide you next steps in getting this collection removed.
Does Great Lakes Processing Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Great Lakes Processing does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Great Lakes Processing?
You have the right to dispute any of your debt that Great Lakes Processing has purchased. Great Lakes Processing is governed by the Fair Debt Collection Practices Act (or FDCPA) and the Fair Credit Reporting Act (or FCRA). While these acts seem very complicated, they provide a great deal of power to the consumer if you know how to use it properly.
What Is Great Lakes Processing Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Great Lakes Processing. The reason? You may not want to pay Great Lakes Processing debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Great Lakes Processing Removed From Your Report, Today!
In most cases, we recommend speaking with a Credit Repair professional to analyze your credit report before you attempt to settle any debt. The main reason? Settling your debt may actually hurt your score.