Is Bonneville Collections bringing you down?
If the name above has popped up on your credit report recently, it’s probably because of a bill that slipped through the cracks.
The agency could also be contacting you by mistake, which can be exceptionally frustrating as debt collection agencies are notorious for their repeated phone calls.
Whatever the case, having a collections account on your credit report can result in incessant phone calls, letters, and a lower credit score.
Read on to learn more about how Bonneville Collections works and what you can do to get them off your credit report.
What Is Bonneville Collections?
Despite Bonneville’s aggressive collections methods, the agency is not a scam.
Bonneville Billing and Collections, Inc, is a sizable third-party debt collection agency that has been collecting on consumer debts nationwide for decades.
Headquartered in Ogden, Utah, the operation has been in business since 1980, earning millions of dollars in profit each year.
The company might also appear on your report as BBC or simply Bonneville.
They collect debt for businesses in multiple industries, including:
- Financial services
In addition to debt collection, the agency offers several additional services to its clients in the industries above.
These include check recovery services, web access, and legal resources for collecting on complex delinquent accounts.
How Does Bonneville Collections Work?
As a third-party debt collections agency, Bonneville pursues payment on outstanding debts for government agencies like the IRS and for thousands of businesses with uncollected consumer debts.
Debt collection agencies purchase debts at low rates and profit off any repayment they are able to collect on.
Others are hired by companies and earn a percentage of whatever payments they successfully collect.
Bonneville shows up on your credit report as a “collections account,” where it can stay for seven years after your delinquency.
Even if you pay Bonneville the amount you owe, the account can remain on your credit report and continue to do damage.
The agency can also call, email, and mail letters to you until you make arrangements with them.
3 Ways to Remove Bonneville Collections from Your Credit Report
Contacting a debt collection agency isn’t an experience most people look forward to, but it’s a necessary one.
With the easy steps below, you can get the collection agency removed from your credit report in no time.
- Validate your debt
- Arrange a pay-for-delete agreement
- Hire a professional for credit repair
1. Ask Bonneville to Validate Your Debt
The Fair Debt Collection Practices Act requires debt collectors to present proof of debt if you request it within 30 days of being contacted.
Bonneville’s appearance on your credit report could be an error, one that a debt validation letter could help to clear up.
Even individuals who owe the debt being requested can find success with this strategy, as the agency might not have the information it needs to charge you.
You can use a debt validation letter template to request this information.
If Bonneville is unable to substantiate the debt, they will take you off their call list and the entry will be removed from your credit report.
If you’re still within the 30-day dispute period, it’s well worth a shot to send in a debt validation letter.
2. Arrange a Pay-for-delete Agreement with Bonneville Collections
If Bonneville has been calling you for more than a month, it could be time to make a payment.
Unfortunately, simply paying the amount you owe and moving on probably won’t help your credit score much.
Instead, you should negotiate a pay-for-delete agreement, where you make a payment in exchange for Bonneville’s removal from your credit report.
Most debt collection agencies will even accept a payment that’s only a portion of the full amount owed, so you should be able to negotiate a lower payment.
It’s important to handle these negotiations in writing, so you have plenty of documentation.
If there’s still no change to your credit report 30 days after you submit a payment, check back with Bonneville to remind them to delete the account with the three major credit bureaus.
3. Hire a Professional for Credit Repair
The methods above should get you the results you’re looking for, but there is another option.
If you’d prefer to leave the headache of dealing with the collections agency up to someone else, you can hire a credit repair company.
These companies are highly skilled at getting entries removed from your credit report and boosting your credit score.
A company like Sky Blue can work on your behalf to remove Bonneville Collections from your report, charging reasonable rates for their excellent customer experience and efficient service.
Whether you choose to work with Sky Blue or do it yourself, don’t delay dealing with Bonneville.
If you act quickly, you could improve your credit today and set yourself up for financial success in the future.
Dealing with Bonneville Collections
Bonneville Collections has received several complaints from debtors, with over two-hundred between the Better Business Bureau and the Consumer Financial Protection Bureau.
People complain about Bonneville’s communication methods, their faulty reporting, and their failure to respond to disputes.
With these complaints in mind, you should brush up on the Fair Debt Collection Practices Act.
This act requires Bonneville to treat people respectfully during the collections process and adhere to guidelines with their communication practices.
One advantage guaranteed under the act is your right to communicate with Bonneville by letter.
This will stop Bonneville Collections from harassing you and provide proof of your interactions in case you need it later on.
The post How To Remove Bonneville Collections From Your Credit Report appeared first on Better Credit Blog | Credit Help For Bad Credit.