What Is Bonded Adjustment On My Credit Report?
Bonded Adjustment 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 Bonded Adjustment A Debt Collection Agency?
Yes, Bonded Adjustment 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").
Bonded Adjustment 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 Bonded Adjustment Collect For?
Bonded Adjustment 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 Bonded Adjustment Hurt My Credit Score?
Yes, it is highly likely having Bonded Adjustment on your credit report is damaging your score significantly.
What is a Charge-Off?
A creditor may charge-off a debt when a borrower fails to make payments for an extended duration. This means that the creditor will no longer consider the debt collectible and will sell it to a third-party debt collection agency, such as Bonded Adjustment. Although the debtor remains responsible for repaying the debt, the creditor is no longer attempting to retrieve it. If Bonded Adjustment appears on your credit report, this signifies they are trying to collect an outstanding debt from you - thus, having a major impact on your credit score, which could lead to difficulties in getting approved for loans, credit, or other financial products.
How does Bonded Adjustment Impact Your Credit Score?
If Bonded Adjustment appears on your credit report, this is an indication that they are actively trying to collect a debt from you. This can seriously affect your credit score, making it difficult to be approved for loans or other financial products. Fortunately, there exist ways to remove Bonded Adjustment from your credit report - by speaking with a credit repair specialist such as Credit Sage, you can learn more about your options and get the assistance you need for improving your credit score.
How Do I Remove Bonded Adjustment From My Credit Report?
To be eligible to remove Bonded Adjustment 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 Bonded Adjustment?
Paying off Bonded Adjustment 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 Bonded Adjustment?
Settling your debt with Bonded Adjustment 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 Bonded Adjustment Legit, Fake Or A Scam?
Bonded Adjustment 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 Bonded Adjustment Keep Calling Me?
Bonded Adjustment 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 Bonded Adjustment To Stop Calling Me?
As we’ve mentioned above, Bonded Adjustment 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.
Bonded Adjustment Reviews And Complaints
Bonded Adjustment has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Bonded Adjustment Try Suing Or Garnishing My Wages?
Bonded Adjustment 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 Bonded Adjustment Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Bonded Adjustment does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Bonded Adjustment?
You have the right to dispute any of your debt that Bonded Adjustment has purchased. Bonded Adjustment 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 Bonded Adjustment Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Bonded Adjustment. The reason? You may not want to pay Bonded Adjustment debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Bonded Adjustment 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.