Fair Collections and Outsourcing is a collection agency. If you are being contacted by them through written correspondence or by phone, it is for collections on an alleged debt.
Who Are They?
Fair Collections and Outsourcing or as they refer to themselves FCO, is a debt collector with over 25 years of experience. They specialize in collections on housing units, according to their website their expertise is with collection on senior and assisted living accounts, military accounts, and student housing.
Fair Collections and Outsourcing
12304 Baltimore Ave.
Beltsville, MD 20705
phone number: 1-877-324-7265
Before You Go Paying Fair Collections and Outsourcing
1. Check The Dates
It is a federal law that many debts including unpaid rent and some housing debt is only your responsibility for repayment for 7 years. This is called the statute of limitations. You should check the dates on your account before you pay FCO. It may be cheaper to just wait it out.
2. Request They Validate Your Debt
You should contact Fair Credit and Outsourcing to request validation of debt. The best way to do this is through a debt validation letter and sent with certified U.S. postal mail. This is going to require FCO to prove they can legally collect upon your alleged debt account.
Experts estimate that up to 50% of all debt validation requests are not complied with. If Fair Collections and Outsourcing is unable to validate your debt then:
- You are not legally responsible to pay it.
- And the credit bureaus will be notified to delete bad credit about this debt on your credit report.
3. Fair Collections and Outsourcing Is Suing Me
If FCO has filed a civil lawsuit against you. The most important thing is that you comply and show up to defend yourself on your court date! It is common for collection agencies to file a lawsuit and the defendant to not show up.
If this happens it will force the judge to award a default judgment for the collection agency. If you have a judgment, your credit score will be destroyed! This is one of the worst items to have, and it can even cause your wages to be garnished.
In other words, money taken out of your paycheck to repay this debt. For more help about how to deal with debt collectors you should consider an expert credit lawyer. The credit and debt laws in the U.S. have many pros and cons.
But only if you are knowledgeable about these laws or a credit lawyer. With such an important piece of information as your credit score it is worth hiring professional help, but this isn’t required. You can fight Fair Collections and Outsourcing on your own.
Should you choose to do it on your own, don’t ever pay the full balance! Instead, you can often settle with Fair Collections and Outsourcing for only a fraction of the total amount due. The total amount due is usually inflated by late fees, interest charges, even debt collection fees.
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