What Is Collectech Diversified On My Credit Report?
Collectech Diversified 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 Collectech Diversified A Debt Collection Agency?
Yes, Collectech Diversified 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").
Collectech Diversified 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 Collectech Diversified Collect For?
Collectech Diversified 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 Collectech Diversified Hurt My Credit Score?
Yes, it is highly likely having Collectech Diversified on your credit report is damaging your score significantly.
How does Collectech Diversified Impact My Credit Score?
Having a collections account with Collectech Diversified on your credit report can have serious consequences. While the exact impact on your credit score will depend on many factors, it could be as severe as a decrease of up to 100 points and it will remain there for seven years from the date of first delinquency. This can significantly reduce your chances of being approved for loans, credit cards, and other financial opportunities.
If you need assistance, reach out to Credit Sage - our credit repair services can help to remove these collections accounts from your report, so you can get back on track towards securing the products and services you need.
Consequences of Ignoring Collectech Diversified's Calls and Letters
Ignoring Collectech Diversified's calls and letters won't make the debt go away - in fact, it could lead to serious legal action such as a lawsuit or wage garnishment. Rather than let this collection agency negatively affect your financial future, it's important to take proactive action and seek professional help.
At Credit Sage, we understand how to handle debt collection attempts from agencies like Collectech Diversified. We can help you dispute and remove unvalidated debts, negotiate a settlement, or get the debt removed from your credit report altogether.
How Do I Remove Collectech Diversified From My Credit Report?
To be eligible to remove Collectech Diversified 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 Collectech Diversified?
Paying off Collectech Diversified 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 Collectech Diversified?
Settling your debt with Collectech Diversified 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 Collectech Diversified Legit, Fake Or A Scam?
Collectech Diversified 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 Collectech Diversified Keep Calling Me?
Collectech Diversified 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 Collectech Diversified To Stop Calling Me?
As we’ve mentioned above, Collectech Diversified 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.
Collectech Diversified Reviews And Complaints
Collectech Diversified has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Collectech Diversified Try Suing Or Garnishing My Wages?
Collectech Diversified 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 Collectech Diversified Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Collectech Diversified does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Collectech Diversified?
You have the right to dispute any of your debt that Collectech Diversified has purchased. Collectech Diversified 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 Collectech Diversified Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Collectech Diversified. The reason? You may not want to pay Collectech Diversified debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Collectech Diversified 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.