While up to 60% of Americans have a credit score of 700 or more, that still leaves a whopping 40% with credit scores below 700.
Unfortunately, credit scores can have an impact on financial decisions as well as how likely companies are to lend your money for a loan or mortgage.
You’re not alone in finding this stressful.
Around 73% of your fellow US citizens rank finances as their number one stress in life, with only 16% of respondents knowing exactly how to improve their credit scores. For many Americans, GLA Collections is a common offender that appears on credit scores with detrimental effects.
Luckily, it’s not all doom and gloom. If a GLA Collection Company account is damaging your credit score, there are ways you can remove it and improve the health of your finances. Let’s dive into how to remove GLA Collections from credit reports in just three easy steps.
What is GLA Collections?
Before taking action, you must understand who GLA Collections is and which companies it collects for. GLA Collections is a debt collection agency specializing in recovering debt for telecommunications, financial services, and healthcare companies.
They might, for example, collect debts for hospital bills, overdue credit cards, or unpaid phone or internet bills. GLA Collections acquires debts either by buying them off the company that lent to you in the first place or by being hired by the business to go after debtors.
Unfortunately, having a debt from GLA Collections on your credit score can damage it, so you should look to remove it if and when possible.
Is GLA Collections a Legitimate Company?
GLA Collections is a legitimate debt recovery company that specializes in particular fields. The company is licensed and adheres to the Fair Debt Collection Practices Act. This means you can also hold it to specific ethical standards and practices.
That being said, many GLA Collection Company Inc. reviews aren’t exactly flattering. Many people who have dealt with GLA Collections describe the debt collection company as harassing and aggressive. Others claim their customer service team as difficult to deal with.
If you deal with GLA Collections, make sure you’re up to date with the Fair Debt Collection Practices Act and know your rights.
Any debt collection agency is legally required to follow the regulations as outlined in the act, and failing to do so means you can report them to the Federal Trade Commission (FTC) or file a complaint at the Consumer Financial Protection Bureau (CFPB).
Checking Your Credit Score
Remember to keep on top of your credit score. Ensuring there are no anomalies is key to the health of your finances. If you see a transaction appear on your credit score from a company you’re unfamiliar with, get in touch with a representative from the company. You must be active and check that the transaction applies to you.
You’re well within your rights to ask for documentation pertaining to the debt.
You should also check for errors such as an out-of-date address or earnings, duplicate accounts, incorrect payment history, and fraudulent activity.
How to Remove GLA Collection Company Inc. From Your Credit Score
Worried about the impact of GLA Collections on your credit score and wondering if GLA Collections will settle? Luckily, there are ways to remove it.
1. Send a debt validation request letter
One easy way to remove GLA Collections from your credit report is to verify the debt they’re collecting. You can do this using the rules of the Fair Debt Collection Practices Act (FDCPA). You have the right to request written verification of a debt reported on your credit report. Use this validation letter template and mail it to:
GLA Collections Inc.
2630 Gleeson Ln
Louisville
KY 40299
USA
You must send this within 30 days of receiving notice of the collection.
The agency will then have to send proof that you owe the debt. If they don’t provide proof within 30 days, they must delete the collection from your credit report. This can have a fantastically positive impact on your score.
2. Enter a Credit Bureau Dispute
There’s a possibility that the collection account contains errors, so if the previous step isn’t enough to remove the debt, dispute it by mailing a collection dispute letter to the credit bureaus. This will have no effect on your credit score.
Use this free collection dispute template. Simply fill it out and mail it to each of the three credit bureaus with the correct details of your account filled in. Alternatively, use the Cambio app (that’s us!). If the bureaus establish that the account is inaccurate, it will be deleted, and your score will likely increase.
3. Pay to delete the debt
The last option to remove this account from your credit report is to Pay to Delete, which requires negotiating with the creditor to have them remove the account from your credit report once you’ve made it. Get the agreement in writing before you send over any money.
If you want to go it alone, we’ve got a handy Pay to Delete template.
Alternatively, download the Cambio app for extra support. When negotiating a payment, make sure you don’t admit ownership of the debt. Also, only agree to payments you can afford, and get the promise of deletion in writing.
Break Free From Bad Credit
If you’re one of the millions of Americans with a poor credit score, you don’t have to let it dictate your financial future. With the Cambio app, you can take control of your credit score and finances, making it more likely that you’ll be able to borrow money in the future and get on the property ladder.
With our app connecting to more than 4000+ banks and financial institutions, we give you the confidence and power to take back control over your finances. Get the app today and embark on your journey to better credit.
