Obtaining a copy of your credit report might reveal several items that could be pulling your credit health down without you knowing it. Collection accounts are one of the most common issues that consumers face, particularly those related to specific collection agencies such as Global Group Collections.
In this article, we’ll take you through the steps of clearing Global Group Collections from your credit report. Whether it’s due to errors in dispute or a collection account being out of date, these errors can be cleared up given the right way.
At CreditSage, we understand how imperative maintaining a clean credit report is, and we help make the process easier for you.
What is Global Group Collections?
Global Group Collections is a collection agency that may show up on your credit report if you have a debt sent to collection agencies. These agencies are hired by original creditors to recover outstanding debts from those individuals who have not made their payments.
Global Group Collections is not the only agency that deals with the different types of collection debts. These can include but are not limited to medical bills, utility payments, credit card debts, and personal loans. The presence of a debt submitted to collection can have a major blow to one’s credit report. The agency will report the collection account to the three major credit bureaus: Equifax, Experian, and TransUnion. This means that the collection account may be on your report for up to a maximum of seven years, thereby making this the most significant negative mark you can have on your credit report.
It is notable that not each of the debts submitted to collection agencies is accurate or legitimate. Occasionally, there are discrepancies in the reporting process, or an account may be designated for collections even if the debt was previously paid or settled. If Global Group Collections appears on your credit report and you think it is an error, you can dispute it.
At CreditSage, we pride ourselves in recognizing mistakes and helping clients in deleting incorrect or obsolete information off their credit reports. Let’s elaborate on how to deal with these collection accounts to create better credit health.
Identify Errors in Your Credit Report
The first action to take when attempting to address a collection account including Global Group Collections is to see if there is an error in the report. Before proceeding with the dispute process, it is advisable to carefully scrutinize your credit report for any discrepancies. First, consider the details of the collection account.
Check the following:
- Account Information - Do the account number, original creditor, and debt amount listed by Global Group Collections match yours? Discrepancies or a debt appearing in a collection account that you do not recognize could indicate errors.
- Status of the Debt - Was the account marked as “Paid,” “Settled,” or “Unpaid?” If the debt has already been settled or paid and you see that the account is still outstanding, this is a case of a reporting error.
- Date of the Debt - Note when the debt was reported. If it was reported more than seven years ago, it may already be time-barred and therefore, could no longer be recorded in your credit report.
- Duplicate Listings - Sometimes, the same debt can come up more than once or under different names. Confirm that the same collection is not appearing more than once.
At CreditSage, we assist you to review your credit report with the aim of exposing any issues that could negatively affect your credit. Disputing that inaccurate info can be critical to ensuring correct credit reporting and improving your chances on the financial grounds.
Disputing Global Group Collections
After confirming that there is an error in the Global Group Collections entry, you will be requested to overturn it. Challenging wrong information in your report is possible with FCRA. It is important that you assess challenges against collection entries methodically, as this will ensure that your dispute gets resolved correctly.
Contact the Credit Bureaus
First, contact the credit bureaus (Equifax, Experian, and TransUnion). You may do the dispute online through their websites or send your dispute letter by mail. Include any documentation you have that proves the debt is either wrong or has been settled in full—such as bank statements, receipts, or settlement letters. Upon receiving your dispute, the credit bureau is legally required to investigate and provide you with results within 30 days. If the information in question is indeed unverifiable, it will be removed from your report.
Dispute with the Collection Agency
After contacting the credit bureaus, you can also lodge your dispute directly with Global Group Collections. This step is most effective if you feel that the collection agency made a misrepresentation of the debt or if the debt you are being chased for is invalid. Send a dispute letter to the collection agency stating clearly why the debt is incorrect and ask for verification. If they cannot provide such verification or fail to respond within appropriate time limits, under the law, the agency should delete the account from your credit report.
Follow-Up
It is imperative to stay on top of the dispute. Keep track of the dates you submit your disputes, and any responses you receive. If a response is not received within thirty days, or if the information is not deleted, you have to escalate the case.
CreditSage will assist you in following up, ensuring that every step is followed correctly, and that your dispute is handled efficiently. We know how to handle convoluted processes like filing these disputes, so you don't have to worry about it too much.
How CreditSage Can Help You Remove Global Group Collections
Removing collection accounts from Global Group Collections is not something any client, especially one with an already damaged credit report, would wish to go through alone. At CreditSage, we handle the entire dispute for our clients, ensuring that each step of the process is adequately summarized.
Here's how CreditSage helps:
Comprehensive Review of Your Credit Report - We start with a detailed investigation of your credit report, going through every account for potential errors. For example: collections, late payments, and other erroneous aspects. We would identify the discrepancies that are dealing big blows to your credit health and amend them.
Dispute Management - Once we identify the errors, we handle the disputes from the beginning to the end. This means communicating with the credit bureaus and collection agencies, producing documentation, and following up on the status of your dispute. We will keep you in the loop at each stage, so you don't have to worry about missing deadlines or untracked disputes.
Professional Knowledge - Repairing one's credit is a tedious and complicated process. It's even worse when collection agencies are involved. With CreditSage, you have a team of professionals that understands credit reporting laws, the dispute processes, and how to maneuver the minefield of credit repair.
By allowing CreditSage to handle the dispute process, you can rest assured that your credit is in good hands. Our friendly customer service representatives give you the freedom to focus on other areas of your financial recovery while we work diligently to remove any inaccurate or unverifiable information from your credit report.
Learn About Your Rights and What to Do Next
Fighting collection accounts, especially those related to Global Group Collections, is about understanding your rights. As a consumer, you are protected by all sorts of legislation related to how credit reporting agencies and collection agencies function.
The Fair Credit Reporting Act (FCRA) and Fair Debt Collection Practices Act (FDCPA)
The FCRA entitles you to dispute any inaccurate information on your credit reports with the credit bureaus. Upon receiving a dispute, the credit bureaus must investigate the matter by contacting the party that reported the account (and in this case, it would be the related collection agency). When the collection agency receives your dispute, they must verify the account. If they are unable to, they must have the account removed from your credit report.
The FDCPA then gives you the right to dispute an account with debt collectors as well. This act prohibits collection agencies from using various unfair or deceptive tactics like lying about a debt, trying to collect an invalid debt, or falsely reporting an old debt to your credit report.
How to Proceed
If you notice a Global Group Collections in your credit report and do not know how to move forward, start by checking your credit report for errors. You can directly dispute errors on your credit report with the credit bureaus as well as with the collection agencies. Disputing a collection account on your credit report might seem daunting. Enlist a credit repair company like CreditSage if that is what's necessary to guarantee that the case is thoroughly handled.
CreditSage will hammer out every detail and take the stress away from managing your credit disputes. We will assist you in getting Global Group Collections removed from your report, as well as improve your credit health. You set yourself up for a good future with your finances as misinformation is cleared and correct information comes through.
The Final Thought
Having collection accounts appear in your credit report is definitely not a good experience; however, remember that you always have your rights to dispute these errors and inaccuracies. If you discover Global Group Collections on your credit report and believe it's wrong, follow the steps to challenge it as mentioned in this article.
CreditSage is here to help with each phase of the dispute. We're here to help you along with the removal of negative marks from your credit report for the betterment of your financial health. So find out how to get a clean, accurate credit report by contacting CreditSage today.