What Is Nationwide Recovery Systems On My Credit Report?
Nationwide Recovery Systems 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 Nationwide Recovery Systems A Debt Collection Agency?
Yes, Nationwide Recovery Systems 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").
Nationwide Recovery Systems 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 Nationwide Recovery Systems Collect For?
Nationwide Recovery Systems 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 Nationwide Recovery Systems Hurt My Credit Score?
Yes, it is highly likely having Nationwide Recovery Systems on your credit report is damaging your score significantly.
How Does Nationwide Recovery Systems Affect Your Credit Score?
The entry of Nationwide Recovery Systems onto your credit report has the potential of severely lowering your credit score. The emergence of a collections account on your report indicates the inability to pay off your debt, downgrading your score significantly. Furthermore, these accounts tend to linger on your report for up to seven years, even if you fully settle them off. As a result, this implies that despite working out and eradicating the debt with Nationwide Recovery Systems, your credit score will still suffer from the negative implications of the account for several years on end.
How to Dispute Errors From Nationwide Recovery Systems on Your Credit Report?
In case of discovering an error thrown among your credit report concerning a debt held by Nationwide Recovery Systems, it is necessary to take prompt action to dispute it. The primary approach involves obtaining a copy of your credit report from the major credit bureaus - Equifax, Experian, and TransUnion. You are entitled to a free credit report annually from each bureau.
Afterward, carefully review your obtained credit report to identify and scrutinize the credit-related errors linked to Nationwide Recovery Systems. If any inaccuracies are identified, gather supporting documents like payment receipts or correspondence from your creditor that validate your claim.
Once you have enough evidence, initiate a dispute with the credit bureaus, delivering the necessary information and evidence to back up your claim either via online or mail.
As a significant measure, a successful dispute results in an update of accurate information to replace the erroneous data across all credit bureaus.
How Do I Remove Nationwide Recovery Systems From My Credit Report?
To be eligible to remove Nationwide Recovery Systems 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 Nationwide Recovery Systems?
Paying off Nationwide Recovery Systems 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 Nationwide Recovery Systems?
Settling your debt with Nationwide Recovery Systems 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 Nationwide Recovery Systems Legit, Fake Or A Scam?
Nationwide Recovery Systems 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 Nationwide Recovery Systems Keep Calling Me?
Nationwide Recovery Systems 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 Nationwide Recovery Systems To Stop Calling Me?
As we’ve mentioned above, Nationwide Recovery Systems 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.
Nationwide Recovery Systems Reviews And Complaints
Nationwide Recovery Systems has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Nationwide Recovery Systems Try Suing Or Garnishing My Wages?
Nationwide Recovery Systems 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 Nationwide Recovery Systems Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Nationwide Recovery Systems does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Nationwide Recovery Systems?
You have the right to dispute any of your debt that Nationwide Recovery Systems has purchased. Nationwide Recovery Systems 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 Nationwide Recovery Systems Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Nationwide Recovery Systems. The reason? You may not want to pay Nationwide Recovery Systems debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Nationwide Recovery Systems 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.