Credit Protection Association is an independent debt collection agency located in Dallas, Texas. If you are being contacted by Credit Protection Association it is regarding collection of a debt or possibly to recover equipment from a cable provider. For example, with Time Warner Cable.
According to their website Credit Protection has been in business since 1977 and specialize in bad debt and recovery management primarily with cable providers, and utility companies. However there are reports of them collecting on junk debt accounts. In other words, other types of debt accounts too.
If they are contacting you demanding payment, we would encourage you to consider getting help with a professional credit repair attorney or law firm. Collection agencies employ all sorts of deceptive if not illegal collection tactics!
Credit Protection Association
13355 Noel Rd. 21st floor
Dallas, TX 75240
4 Steps Before You Pay Credit Protection Association
1. Ask Them For Debt Validation
You should request that Credit Protection Association validate your debt before you pay. You can do this by sending a debt validation letter. They are going to be required to respond to your request by showing you evidence that they own your debt account.
It is not uncommon for collection agencies to be unable to validate your debt. If this happens they can not legally collect upon your account. And they will have to notify the credit bureaus to delete bad credit information they have reported about your account. You are not legally responsible for the debt any longer!
2. Dispute Your Credit Reports
If you want to remove bad credit that Credit Protection Association has reported on your credit reports, then you should file a credit report dispute directly with the 3 major credit bureaus. This is your way of telling the credit bureaus that the information CPA has reported about you is not correct. And should be removed from your credit report.
The credit bureaus are required to investigate consumer disputes by contacting the original lender or in this case Credit Protection Association and asking them to verify the account, the information such as your balance and dates of the debt. If Credit Protection Association does not verify your account with the credit bureaus then the credit bureaus are required by law (Fair Credit Reporting Act) to remove the information from your credit report.
3. How Old Is Your Account?
Before you pay Credit Protection Association check and see how old your debt account is. Many consumer debts have a legal Statute of Limitations. This means that you are only legally responsible for repayment on many debts for a maximum amount of time.
In other words, if you have a credit card charge off for example, you may only be legally responsible for repayment on this debt for 7 years. After the Statute of Limitation’s runs out the debt is no longer legally your responsibility. And it is no longer legal for the negative information to be on your credit reports. Collection agencies are notorious for ignoring the Statute of Limitations on consumer debts and collecting beyond the legal time limit.
4. Negotiated A Settlement Payment
If you have a legit and legal debt with Credit Protection Association then you should negotiate a settlement payment. There are 2 important things to remember while doing this:
- Always Negotiate To Pay Less
Never pay the total balance that Credit Protection Association is trying to collect. They purchased your account for just pennies on the dollar. For example, if they are trying to collect a $1,000 debt from you. They may have only paid $30 for the collection rights on your account.
This is assuming they paid 3% and we have seen reports of collection agencies paying much less! The bottom line is Credit Protection Association is more than willing to negotiate and settle your account for maybe as little as $100, $500 or even $800 but it’ll always be for less!
- They Will Stop Reporting Your Account Information
It is crucial that you get Credit Protection Association to agree that in exchange for your settlement payment they will stop reporting your account information to the credit bureaus. If you neglect to do this, after you make your settlement payment you will continue to have bad credit on your credit reports from Credit Protection Association.
They will have no problem agreeing with this stipulation. And the reason you must get them to agree to it is because after you make your settlement payment, you will need to file a dispute with the credit bureaus again.
This time when the credit bureaus investigate and contact Credit Protection Association to verify your account, CPA will not verify your account as per your settlement agreement. This will require the credit bureaus to remove the bad credit from your credit reports.
We encourage our members to consider professional credit score help. In the form of a legal, legitimate, and reputable credit repair service. One of the best is The Credit Pros. They’ll work to exercise your consumer rights and remove erroneous information from your credit reports.
This is how to get a better credit score and it won’t cost your first born child. In fact they offer a one of a kind fee structure where you’re only going to pay for results. In other words, the only time you pay a dime is when they successfully remove items from your credit reports.
Take action today and get a free credit consultation by calling toll-free 1-877-418-7596. For more tips to clear bad credit and help with Dan Willis sign up for our free newsletter.
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