Hunter Warfield is a large, independent, third-party debt collection agency. They’re headquartered in Tampa, Florida. And collect on a variety of types of debt accounts including: healthcare, financial, property management, credit cards, and more.
If you’re currently dealing with the phone calls, letters, or have simply discovered Hunter Warfield on your credit reports, you’re in the right place. And we first need to share the Fair Debt Collection Practices Act (FDCPA).
This is federal legislation that is supposed to regulate the debt collection industry. There are rules, and if you’re unfamiliar it’s definitely worth checking out at your convenience. In essence, it says they must treat you with the modicum of respect and dignity, that every human being deserves.
Will Paying Off Hunter Warfield Collections Help Credit?
Likely, your most pressing concern is will paying off collections help credit? No. FICO, the company responsible for calculating the overwhelming majority of consumer’s credit scores says: “The fact that you have collections listed on your credit report will almost certainly lower your FICO score.”
The Experian credit bureau, one of the big three credit reporting agencies, says: “Paying the debt won’t necessarily help your credit scores. Accounts that get to the collection stage are about as negative as it gets. Only bankruptcy is worse. As a result, any improvement, especially right away, probably will be very minor.” Seems pretty clear, right?
Listen, the secret to fixing credit, is getting the item removed from your credit report. And while just paying off debt in collections, without first doing the wise due diligence, and following our tips below, will only result in a change of the status assigned to the item.
It will become a paid collection on your credit reports. This is still negative and it’s going to damage your credit score. Anthony Sprauve, a spokesman for FICO, says collections on credit report can damage your credit score by up to 100 points!
That said, if your collection account is legitimate, and on the level, then it can be very effective method to pay off collections to clear credit report dings, blemishes, and negative items. We’ll share the full process in detail, coming up.
Please, don’t just ignore Hunter Warfield. You see, if they’re unable to collect payment, they can legally sell the rights to your account, to yet another debt collector.
This new collection agency will, of course, begin calling you, sending more demanding letters, and they’ll report more negative information on your credit reports. Frequently, it’ll culminate in a civil lawsuit.
As in they’ll sue you for repayment. If they win their case, they’ll be awarded a judgement. This is very bad because it can cause your wages to be garnished, liens placed against you and or your property, and potentially even asset seizure.
Every state has unique laws, so investigate your local legislation for full details. Getting a credit card judgement is a very common outcome with charge off debt, and many types of debt, but let’s do our best to minimize the damage if possible?
And the worst part is a judgement on credit report files, will decimate your credit score and overnight. So make sure to check out the rest of this article and the four tips for navigating Hunter Warfield collections.
4620 Woodland Corporate Blvd.
Tampa, FL 33614
Phone number: 1-888-486-8927
4 Tips For Hunter Warfield Collections
1. Request Debt Validation
The big coup of the FDCPA is it empowers you to request debt validation on your account. This is essentially how we say, show us the evidence, the proof, and your legal claim to collect this money.
After all, we didn’t do any business directly with Hunter Warfield, they came looking for us. It’s most effective to do this using a debt validation letter, sent by mail, with return receipt requested. This way you’ll have evidence, they received your validation request.
Because they’re required to respond within 30 days, with the documents and paperwork that proves this is our debt. This paperwork should show who the original lender or creditor was, the dates of account activity, the total balance, etc.
If they fail to validate your account, for whatever reason, then your debt is legally forgiven. As in you’re no longer legally responsible for repayment. Further, they’re supposed to contact all three credit bureaus, to have them start getting collections removed from credit report files, regarding this account.
2. Age of Account?
This next step, we’re looking at the age of your account, or how old is it? This is the date of last activity and you should be able to find this in the paperwork, they use to validate your account.
You see, there’s state law that regulates how long you or I can legally be held responsible for repayment of a debt. Generally, it’s about seven years from the first date of delinquency. However, every state has unique laws, so investigate your local legislation.
This is called the statute of limitations, and it applies to the large majority of types of consumer debt. From credit cards, medical bills, loans, retail, utilities, telecommunications, and many more. The few exceptions include defaulted federal student loans, and federal income taxes.
Once this time window expires, then your legal responsibility for repayment, has ended. We aren’t arguing ethics or moral or any other such thing, other than your legal financial responsibility is now null and void. It’s over.
Warning, it’s a common debt collection industry tactic to re-age consumer accounts. And often this is done illegally. It’s also one of many reasons, why it’s so potentially hazardous and financially dangerous to communicate with collection agencies.
Often they first require recognition of the debt, and many companies view that as account activity. And that so-called account activity can reset the statute of limitations time clock.
3. Negotiate a Settlement Agreement
Now, let’s talk about how to pay off debt in collections. First, you should only enter negotiations if your account has been validated, and if you’ve investigated the statute of limitations, or legal time window.
If everything’s legit, then the next step is to negotiate directly with Hunter Warfield. There are two critical keys here, the first is to always settle and pay off your account for a fraction of the total balance.
Frequently you’ll be able to negotiate and settle your debt for as little as 15% up to about 45% of the total balance. For instance, with an $800 debt, you may be able to pay just 30% or $240.
The second critical key is you must get Hunter Warfield to agree that in exchange for your payment they’ll stop reporting your account information to all three credit bureaus. If we neglect this part of our agreement, the only thing that’s going to change is the status of the collection on our credit reports.
It’ll be changed to a paid collection. And that’s going to mess up our credit score, and we’ll be paying for it in a million different ways, for a number of years to come, i.e. higher interest rates, deposits, poor tax, etc.
We suggest getting your contract in writing, along with including something about them not reporting your account information in the memo line on a personal check, when you make payment. This is an added layer of insurance.
4. Remove Collections From Credit Report
This fourth and final step, we’re looking at how to remove collections from credit report files. Because this is the most effective way to improve your credit score, it removes the information that’s dragging your score down.
We’re going to need to exercise more of your rights as a consumer and specifically those granted by the Fair Credit Reporting Act (FCRA). This federal legislation that allows us to dispute credit report items, we believe are made in error, misleading, or inaccurate.
Naturally, we’re going to dispute the Hunter Warfield collection item. You can do this online, over the phone, or by mail. Once the credit bureaus get your dispute, and find it valid, they’re required to conduct what they call a re-investigation.
They call it that for some reason, because there wasn’t an initial investigation, it just got slapped on your credit reports. Nevertheless, when they re-investigate the item, they’ll contact Hunter Warfield and ask them to verify your account.
As per your settlement agreement, Hunter Warfield won’t verify your account, and in turn, this forces the credit bureaus to remove this item from your credit report. The FCRA requires any item that can’t be verified by the credit bureaus, to be removed from your credit report.
This is how to clean credit report dings, blemishes, and remove negative items. And to do so legally. And you may hear people claim you must get Hunter Warfield to delete the item from your credit reports, in exchange for payment.
It doesn’t work like that. We’ve yet to hear of even one collection agency in our decade plus experience, to agree to a pay for delete proposition. Despite seeing it all over the internet, this is folklore.
They’ll agree to stop reporting, but won’t delete the item. It’s a small and subtle difference, but its impact couldn’t be bigger. It’s essential to clear bad credit items from your credit reports, in order to fix your credit score.
When all is said and done, your credit score, is just like your Grade Point Average (GPA) in school days past. It doesn’t matter if you’re acing all your courses, if you’re failing underwater basket weaving, because this one negative mark is going to ruin your overall GPA.
This is also true of your credit score. FICO is very open about sharing this. And this is why we must clean credit history dings, blemishes, and remove negative items. We encourage our members to consider professional, legal, and legitimate credit repair companies to help.
Because in 2016 alone, over 9 million negative items were removed from consumer’s credit reports. One of the best firms is The Credit Pros. They’ve helped client’s successfully remove collections, charge offs, late payments, judgements, liens, and many more negative credit report items.
Get a free credit consultation with a certified FICO professional by calling toll-free 1-877-418-7596. And for more tips, techniques, and strategies about how to improve credit score with Dan Willis, sign up for our free newsletter and join our congregation.
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