![]() This way the collection agency can continue to attempt to collect payment from you. You see, one of the snarky collection tactics is to re-age consumer accounts. It doesn’t apply to every type of debt, but most. This applies to most types of consumer debt including charge offs, utilities, telecommunications, medical bills, and more. Once this time window expires then the debt is forgiven. The statute of limitations does vary from state to state so please investigate your local listings. Typically this will be about seven years from the first date of delinquency. This is the legal time frame for which you’re responsible for payment. Once you have this paperwork you can check the statute of limitations. If your debt is valid then you’ll receive documentation from them with the details of your account. If Enhanced Recovery fails to respond then you’re no longer legally responsible for payment.įurther, they’re required to notify all three of the major credit bureaus to have them remove collections from credit report files, regarding this account. You’ll need to make this request in writing and using certified mail, this will provide you evidence of your request, should you need it. This is your right granted by the FDCPA and essentially you’re saying to Enhanced Recovery prove this is actually my debt, and then we can talk. The very first step to dealing with ERC collections is to request account validation. Not to mention a credit judgement will absolutely destroy your credit worthiness. This can result in a judgement which can lead to your wages being garnished, seizure of your assets, and even liens placed against you and your property. Yup, at some point a lawsuit happy collection agency will purchase the rights to your collection debt and actually sue you in a civil court. According to FICO, the company that actually calculates consumer credit scores, your can see your score drop by up to 100 points. Moreover, Enhanced Recovery will report negative information about you to the three major credit bureaus, and this will cause your credit score to drop. Because Enhanced Recovery will eventually sell your account to another debt collector who will then begin contacting you. The Fair Debt Collection Practices Act (FDCPA) is what regulates the debt collection industry and their behavior towards alleged debtors.įirst, it’s important to address this issue head on, rather than stick your head in the sand and falsely believe this problem will just disappear like a fart in the wind. The purpose of this article is to share with you exactly how to fight back and protect your rights as a consumer when dealing with ERC collections. If you’re receiving threatening phone calls and written correspondence it’s essential you understand your consumer rights. They’ll service a variety of types of consumer debts including retail, communications, insurance, financial services, utilities, and more. This is one of the largest collection agencies headquartered in Jacksonville, Florida and according to their website they employ over 2,200 people and have 11 office locations. The Enhanced Recovery Company is an aggressive third party debt collector.
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