Credence resource management is a Nevada-based debt collection agency that purchases uncollected debt from creditors and attempts to collect. They hold an accredited Better Business Bureau profile.
CRM has received many complaints from consumers and is the subject of multiple lawsuits. If you receive calls from CRM, seek help from a credit repair specialist as they can assist in disputing errors on your report in order to remove them from your account.
Credence Resource Management are a debt collection agency
Credence Resource Management, founded in 2013, is a debt collection agency that purchases old debt and attempts to collect on it legally by phone and mail until the debtor settles or pays it off. Based in Dallas, Texas and with offices throughout India as well as being subject to state and federal regulations.
Debt collectors must abide by the Fair Debt Collection Practices Act and other consumer protection laws, so if Credence harasses you in violation of these regulations you can file suit against them for violating them – though this process could take time and cost money.
If Credence collection agency keeps calling, hiring a credit repair company may help negotiate on your behalf and dispute incorrect claims, validate and remove collections from your report.
If you are uncertain whether a debt is yours, the best way to communicate with Credence is via written letters rather than telephone conversations. By doing this, all communications with them can be documented for later review as well as federal laws like Fair Debt Collection Practices Act being invoked against Credence.
They are a debt buyer
Credence Resource Management is a debt collection agency that purchases old debt from creditors who no longer wish to pursue collection efforts on it. Once sold, it becomes a disputed account which stays on your credit report for seven years until you either agree to pay it off or seek credit repair services for deletion. While they operate legally, many consumers have complained about Credence Resource Management because of its tactics – frequently calling consumers, emailing and mailing letters with threats against one’s credit score which causes significant stress and damage.
Consumers who feel they have been victimized can file complaints with the Better Business Bureau (BBB) or Federal Trade Commission (FTC), as well as contact a credit repair specialist to find the most effective path forward for them. Multiple lawsuits against CRM have been filed alleging violations of various consumer protection laws; for example, violating the Telephone Consumer Protection Act which prevents companies from calling cellphone numbers without permission – so if CRM has called and then disconnected unexpectedly at either end, you could potentially have grounds to make a TCPA claim.
Other violations of consumer rights may include attempts at collecting debt that isn’t yours, using threatening language and harassing tactics such as excessive phone calls and letters. While an agency might attempt to sue you over this debt collection effort, chances are it doesn’t own all the debt they are collecting on and it would be too costly for them to license their lawyers in each state where they operate.
They are a debt seller
If Credence Resource Management is harassing you, it is essential that you familiarize yourself with your rights as a consumer. They are required to abide by stringent rules when they contact consumers and you can take legal action if they violate them. In addition to recording phone calls and saving letters they send you for future legal actions if needed.
If your debt is legitimate, you should attempt to negotiate a settlement quickly with them or they may pursue litigation and get a judgment against you, enabling them to garnish your wages or place a lien against your property.
Credence Resource Management and other debt collectors such as them buy debt at a fraction of its original balance and attempt to collect as much as possible on it – often leading to harassing collection practices; however, under the Fair Debt Collection Practices Act (FDCPA), consumers are protected against this behavior.
Before settling with Credence, be sure to double-check your records in order to confirm the debt is truly yours. In addition, hiring a professional credit repair service could prove useful; these companies specialize in disputing claims, seeking debt validation and working towards eliminating collections from your credit report – in addition to challenging any inaccurate, unfair, or unverifiable information found therein.
Credence Resource Management are a debt collector
Debt collectors are companies that attempt to collect debt on behalf of other creditors. Lenders commonly sell their debt for a small percentage, freeing up capital for other projects or loans. Debts that may be sold include credit card, personal loan, or medical bill debts.
When receiving calls from Credence Resource Management, it’s essential that you know your rights. Reaching out to a professional credit repair service may help guide the next steps of dealing with Credence Resource Management while potentially helping negotiate settlement and improve your score.
Credence Resources may violate federal laws and your consumer rights. Most complaints involve incorrect reporting or harassment; before filing any formal complaints against Credence Resources it would be prudent to consult a credit repair expert first.
If Credence Resource Management is trying to collect on a debt that isn’t yours, send them a Debt Validation Letter in order to force them to confirm it before continuing collection efforts. Make sure this happens within 30 days of initial contact between yourself and Credence Resource Management as failing this could mean your rights under the Fair Credit Reporting Act will be violated by reporting undisputed debt on your credit report as undisputed debt and losing protection under it.
