What Is Independence Capital Recovery On My Credit Report?
Independence Capital Recovery 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 Independence Capital Recovery A Debt Collection Agency?
Yes, Independence Capital Recovery 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").
Independence Capital Recovery 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 Independence Capital Recovery Collect For?
Independence Capital Recovery 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 Independence Capital Recovery Hurt My Credit Score?
Yes, it is highly likely having Independence Capital Recovery on your credit report is damaging your score significantly.
What to do if Independence Capital Recovery is Reporting Inaccurate Information On Your Credit Report?
If you notice inaccurate information on your credit report from Independence Capital Recovery, you can exercise your right to dispute it. Thanks to the Fair Credit Reporting Act (FCRA), you have the ability to dispute anything listed on your credit report that doesn't seem right.
To do this, simply contact the credit bureau reporting the information and go into detail about why it's wrong. Make sure to provide any supporting documents that prove you're right if possible. The credit bureau has a 30-day period to investigate and correct any inaccuracies.
If the dispute is successful, then the inaccurate information will be taken off of your credit report - a process that can drastically improve your credit score and make it more likely for lenders to approve applications for financial products such as loans or credit cards.
How to Avoid Getting Into Debt With Independence Capital Recovery in the Future?
Staying out of debt is the key to financial success. To achieve this, it's important to take a proactive approach to managing your finances. Here are some steps you can take to avoid debt with Independence Capital Recovery or any other debt collection agency:
Create a Budget
Make a budget and stay committed to it. This will help you keep track of your earnings and costs, as well as avoid spending more than you should.
Pay Your Bills On Time
Be sure to pay your bills on time to avoid penalties, fees, and interest charges that can accumulate over time.
Build an Emergency Fund
Allocate some money in an emergency fund to cover unexpected costs, like vehicle repairs or medical bills. This can help you to avoid debt.
Avoid Unnecessary Expenses
Minimize non-essential expenses, such as eating out or buying new clothes. You can use the money you save to pay off debt or add to your emergency fund.
If you need assistance with a current outstanding debt, contact Credit Sage today.
How Do I Remove Independence Capital Recovery From My Credit Report?
To be eligible to remove Independence Capital Recovery 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 Independence Capital Recovery?
Paying off Independence Capital Recovery 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 Independence Capital Recovery?
Settling your debt with Independence Capital Recovery 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 Independence Capital Recovery Legit, Fake Or A Scam?
Independence Capital Recovery 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 Independence Capital Recovery Keep Calling Me?
Independence Capital Recovery 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 Independence Capital Recovery To Stop Calling Me?
As we’ve mentioned above, Independence Capital Recovery 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.
Independence Capital Recovery Reviews And Complaints
Independence Capital Recovery has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Independence Capital Recovery Try Suing Or Garnishing My Wages?
Independence Capital Recovery 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 Independence Capital Recovery Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Independence Capital Recovery does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Independence Capital Recovery?
You have the right to dispute any of your debt that Independence Capital Recovery has purchased. Independence Capital Recovery 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 Independence Capital Recovery Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Independence Capital Recovery. The reason? You may not want to pay Independence Capital Recovery debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Independence Capital Recovery 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.