If there have been indications of a Radius Global Solutions entry on your credit report, then you must be thinking about what you could do about it. Radius Global Solutions is a third-party debt collection agency, and any detrimental information they furnish may adversely influence your credit status. This is lucky for you because upon discrepancies with errors made in your report, you still have the chance of removing them from your report.
The procedure of getting Radius Global Solutions out of your report will be discussed in this article, together with how an agency like CreditSage can assist you in the process.
The Concept of Radius Global Solutions and Its Impact or Effect on Your Credit Report
Radius Global Solutions is a debt collection agency that buys debts or gets contracted by creditors to collect overdue accounts. If you have been served with a notice from this company, it probably means they are trying to collect on a bad debt you owe, whether to the original creditor or after having acquired the debt from elsewhere.
Unfortunately, the presence of a collection account on behalf of Radius Global Solutions is one that can adversely affect your credit rating. It is good to remember that a collection account is a severe delinquency and will have a damning effect on your credit status and hence, impair your chances of getting new credit, loans, or rental agreements.
Why You May Have Radius Global Solutions Appear on Your Report
Radius Global Solutions often appears on your credit report when you have a debt in collections. It is further explained that debts could go to collections for various reasons such as:
- Late payments: When you have missed any payments on your bills or loans, the creditor may send your account into collections with an agency to collect money.
- Unpaid amounts: When you have an account for which you have missed several payments, the original creditor may then hire Radius Global Solutions to collect the debt on their behalf.
- Medical debt: Many medical bills are sold into collections, as healthcare providers frequently outsource collection efforts to agencies like Radius Global Solutions. It is important to review detailed information about the account appearing on your credit report to ensure that the information is accurate. If the debt is not yours or is incorrect or outdated, you have the right to dispute it.
Effect on Your Credit Health
Any collection on your credit report will have an adverse effect on your credit health. In other words, collection accounts can remain on your credit report for as much as seven years, whether or not one finally pays. This long existence will affect your creditworthiness, making it more difficult to access new credit or loans.
However, the entire ordeal of disputing and getting incorrect information, including collections from Radius Global Solutions, removed from your credit report is possible. The credit report can be restored with the correct approach to a truer reflection of your financial history.
How to Dispute Radius Global Solutions on Your Credit Report
Review Your Credit Report
The very first thing to do in order to remove Radius Global Solutions from your credit report is to analyze your credit report and find any kind of inaccuracy. You can request your credit report for free from all three bureaus—Equifax, Experian, and TransUnion—once a year from AnnualCreditReport.com. If there are inaccuracies such as a wrongly listed entry for Radius Global Solutions, you just need to dispute it.
Common errors that you should look for are:
- Wrong information on an account: Make sure that the account listed under Radius Global Solutions is, indeed, yours, and matches the details of the original account (amount, account number, and creditor name).
- Wrong dates: You should check whether the dates of delinquency are accurate or not. You may have one good reason for disputing it if the payment was made or the account settled before the dates listed.
- Duplication: Sometimes, different collection agencies mistakenly list an account twice. You want to make sure that Radius Global Solutions is not duplicating your debt on your report.
Start the Dispute
After verifying the erroneous or inaccurate entries, you can proceed to dispute those entries with the credit bureaus. The Fair Credit Reporting Act or FCRA grants you the right to dispute any false information or any entry that is incomplete. You can initiate a dispute with all bureaus presenting the inaccurate data either online, over the phone, or in writing.
When initiating a dispute, be sure to provide all relevant documentation to support your claims, such as payment receipts, account statements, or correspondence with the creditor demonstrating that the debt is either paid, settled, or is in some way incorrect.
Await Resolution
After the dispute is filed, the credit reporting bureau must then investigate the claim. They usually have 30 days to respond to your dispute with a resolution. If the information is thrown out as inaccurate or unverifiable, it shall be deleted from your report. If you successfully dispute an entry, Radius Global Solutions shall cease to appear on your credit report and your credit history will be adjusted.
Follow-up
If the dispute was not resolved in your favor or the collection account from Radius Global Solutions is left untouched, it opens the option of either an appeal or further action. Another avenue to consider would be to file a complaint with the Consumer Financial Protection Bureau in cases where you suspect your dispute was mishandled or you are faced with issues with the collection agency.
Options to Remove Radius Global Solutions
Negotiate a Pay-for-Delete Arrangement
Should the collection account from Radius Global Solutions reflect the legitimate case pending and you seek to have it deleted from your report, you might enter into negotiations and come up with a "pay-for-delete" plan. This entails you to come to terms with a payment for either the total amount owed or a lesser amount towards which a debt collector who purports to have removed all entries pertaining to your account from the records would not object.
Get in contact with Radius Global Solutions, explain to them that you'd like to negotiate a payoff for your debt. Let them know you could possibly pay the balance or less in a settlement agreement. Ask if they would be willing to remove the collection entry from your credit report once payment is made. Be absolutely certain to get that agreement in writing before making a payment.
Make the Payment
Once you have the agreement, pay the amount agreed upon, noting it is Radius Global Solutions' responsibility to remove the collection entry from your report. While pay-for-delete agreements are often frowned upon by creditors and collection agencies, they can be negotiated, at least for certain circumstances, such as old and unpaid debt.
Request a Goodwill Deletion
If you have satisfied or settled the debt, but the collection account still shows up on your credit report, you can ask for a goodwill deletion. A goodwill deletion happens when a creditor or collection agency agrees to remove a negative entry from your credit report as a show of good faith, usually after you have settled or paid the debt. It is much more likely to succeed if you have a long history of punctual repayments during the time preceding the actual charge-off. To request a goodwill deletion, first contact Radius Global Solutions directly and explain the situation.
Seek Professional Help
If you feel overwhelmed or unclear about the dispute process or deletions in general, feel free to hire a credit repair company like CreditSage to do the job for you. The good thing about credit repair professionals is that they will navigate you through the difficult and demanding process of disputing errors, negotiating with creditors, and deleting negative marks from the report.
How CreditSage Will Help You Dispute Radius Global Solutions
CreditSage's Dispute Process
At CreditSage, we treat this as our major competence and can fight the whole dispute process on behalf of our clients. If you have an entry from Radius Global Solutions or from any collection agency on your credit report, we will do everything in our power to have it removed.
Here's how we work:
- Review of your credit report: We start by reviewing your credit report closely to find any negativity that should be disputed or removed.
- Filing disputes on your behalf: After finding the inaccurate items, we handle the dispute process for you by sending all the requisite documentation and evidence, with the request for a correction, to each of the credit bureaus.
- Communicating with creditors: In case your case involves a creditor or collection agency like Radius Global Solutions, we will contact them on your behalf with an offer to negotiate a settlement, request a goodwill deletion, or arrange a pay-for-delete agreement.
- Follow-up and closure: We will keep track of the progress of your dispute and resolve disputes and report on any changes to your credit report.
- Improving the credit report: While working with CreditSage, you get the support of professionals who are dedicated to restoring proper credit health for the consumer. Handing over the complicated and lengthy process of contesting negative items will let you concentrate on other things in your financial journey. Use our knowledge and experience to restore your credit report or wipe any negative entries, such as Radius Global Solutions entry, without dealing with the stress of negotiating the way yourself.
Preventing Future Credit Report Issues
Staying On Top Of Your Credit
One of the best ways to avoid issues with your credit report in the future is to monitor your credit closely. Regularly check your credit reports to make sure there are no new errors or negative items. You can request one free credit report from each of the three credit bureaus annually, or they can be accessed through certain financial institutions that offer free credit score services. Proactive monitoring will help you catch problems sooner, therefore addressing them before they create an impact on your credit health.
Pay Your Bills Timely
The best way to keep your credit report free of any collections activity is to pay your bills on time. Late payments can very swiftly lead to accounts ending up in collections; therefore, being aware and organized will go a long way in ensuring timely payments. While you should always prioritize making payments, if you're facing difficulty in making payments, you should take the chance to discuss your situation with creditors or examine debt management options to avoid being further behind.
Work With A Credit Repair Company
For lingering credit issues, a credit repair company such as CreditSage, can help you keep that credit report clean. You can contact us to let us work on the negative entries, dispute inaccuracies, and improve your credit health, thus reducing the hassle of managing credit by yourself.
These steps will help you dispute and remove Radius Global Solutions from your credit report on your own or with the help of professionals like CreditSage. Keep in mind that healing your credit health takes some time, but whenever you do so, the dispute process can be completed successfully, and thus can bring healing and restoration back to your credit report.