What Is Consumer Adjustment Company On My Credit Report?
Consumer Adjustment Company 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 Consumer Adjustment Company A Debt Collection Agency?
Yes, Consumer Adjustment Company 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").
Consumer Adjustment Company 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 Consumer Adjustment Company Collect For?
Consumer Adjustment Company 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 Consumer Adjustment Company Hurt My Credit Score?
Yes, it is highly likely having Consumer Adjustment Company on your credit report is damaging your score significantly.
How Do I Remove Consumer Adjustment Company From My Credit Report?
To be eligible to remove Consumer Adjustment Company 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 Consumer Adjustment Company?
Paying off Consumer Adjustment Company 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 Consumer Adjustment Company?
Settling your debt with Consumer Adjustment Company 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 Consumer Adjustment Company Legit, Fake Or A Scam?
Consumer Adjustment Company 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 Consumer Adjustment Company Keep Calling Me?
Consumer Adjustment Company 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 Consumer Adjustment Company To Stop Calling Me?
As we’ve mentioned above, Consumer Adjustment Company 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.
Consumer Adjustment Company Reviews And Complaints
Consumer Adjustment Company has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Consumer Adjustment Company Try Suing Or Garnishing My Wages?
Consumer Adjustment Company 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 Consumer Adjustment Company Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Consumer Adjustment Company does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Consumer Adjustment Company?
You have the right to dispute any of your debt that Consumer Adjustment Company has purchased. Consumer Adjustment Company 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 Consumer Adjustment Company Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Consumer Adjustment Company. The reason? You may not want to pay Consumer Adjustment Company debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Consumer Adjustment Company 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.