The Collection Company of America is a collection agency. According to their website they are one of the largest collection agencies, on earth.
They are also known as EOS CCA. The EOS Group is headquartered in Hamburg, Germany. The Collection Company of America is located in Norwell, Massachusetts.
If you want to stop debt collector harassment, we encourage you to review the Fair Debt Collection Practices Act (FDCPA). This is a piece of federal legislation that regulates how collection agencies can attempt to collect a debt from you.
EOS CCA will collect on a variety of debts. They have 7 U.S. subsidiary collection agencies, in the United States. This includes: U.S. Asset Management, AffordaCare, CA Service Bureau, EOS ACA, EOS RRI, EOS CCA Rochester, and True North AR.
This is important because if EOS CCA is unable to collect payment from you. Then they will transfer your debt account to one of their subsidiary companies to continue collection efforts.
We suspect this is a creative way for EOS CCA to sidestep the Fair Debt Collection Practices Act. It also provides EOS CCA with an opportunity to try and report negative credit for longer than the statute of limitations.
Most consumer debts carry a statute of limitations or time window for which you are legally responsible for repayment. If the Collection Company of America has violated your rights. You can file a lawsuit and potentially be awarded up to $1,000.
CCA Contact Information
Collection Company of America
700 Longwater Dr. Suite 200
Norwell, MA 02061
phone number: 781-659-7893
4 Steps To Protect Yourself
1. Statute Of Limitations
You should review the statute of limitations on your debt. You are only responsible for repayment, for so many years. The exact time window will depend upon what state in which you reside. And the type of debt they are contacting you for payment on.
2. Ask For Debt Validation
We urge you to request debt validation. This is going to require CCA to provide you evidence, that they own your debt account and can collect payment on it. If they do not validate your debt, then you are no longer legally responsible. And they will notify the 3 major credit bureaus to remove collections from credit report.
3. Credit Bureau Dispute
You can also file a credit dispute directly with the credit bureaus to remove collections. Once you file a dispute, the credit bureaus will contact CCA for verification of your account. According to the Fair Credit Reporting Act (FCRA) the credit bureaus must remove negative credit information from your credit report, if your account is not verified.
4. Negotiate Settlement Payment
If your debt is valid and within the legal time frame, you should negotiate a settlement payment. There are 2 important points to remember during your negotiations:
- Settle your account for less
You can almost always negotiate with debt collectors to settle your debt for less. It is very common for them to accept just a fraction of the total balance.
- In exchange, EOS CCA will stop reporting you account information
You must get the Collection Company of America to agree that in exchange for your payment. They will stop reporting your account information to the credit bureaus.
If you neglect to do this then the collection on your credit report, will simply be changed to a paid collection. This item will continue to damage your credit score. It is smart to get help from a credit lawyer who is familiar with collection agency tactics.
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