Northland Group is a collection agency, they’ll collect on old debt accounts. This is commonly known as junk debt. It means Northland Group purchased your debt account from another debt collection agency. There are also reports of them collecting on: credit card accounts, student loan debt, medical bills, and more. Some of the credit card accounts include: Capital One, Citibank, Discover, and more.
Who Is The Northland Group?
The Northland Group is an independent debt collector. They most likely purchased your debt account from another agency. However they could have instead been assigned your account by the original creditor. Northland Group is located in Edina, Minnesota and started business in 1982.
Northland Group will typically start collection attempts, by sending you a written letter that identifies your account and balance. In this letter there will often be a settlement offer. Frequently, it will be for an offer for roughly 35% of your balance.
If your balance is $2,500. Then you will probably see a settlement offer for about $875. This may appear like a good deal and you may even recognize the debt account as a debt you do own. But it is essential to follow the short guidelines below before you pay the Northland Group.
Northland Group Inc.
7831 Glen Roy Rd. Suite 250
Edina, MN 55439
Four Key Steps To Dealing With Northland Group
1. Statute Of Limitations
Northland Group focuses on collecting old junk debt accounts, often these accounts were originally credit card debts. But a credit card debt is governed by the statute of limitations. This is a state law that limits the amount of time you are responsible for repayment on most debts.
Most commonly, it is seven years. But that will depend upon what state you live in. The idea is after seven years from your first missed payment, then the debt is no longer legally your responsibility to repay. It is forgiven. And the negative credit must be erased from your credit report.
There are consumer complaints about Northland Group attempting to collect on debt accounts that have aged passed the statute of limitations. Take caution when dealing with bill collectors to avoid paying a debt, you may not be responsible for.
2. Request Your Account Is Validated
You can request this with a debt validation letter. You can write it yourself or hire a credit repair law firm to do this for you. Your debt validation request is going to require that Northland Group provide you with the paperwork on your account. This includes:
- If Northland Group purchased your debt or it was assigned by the original creditor
- The dates of delinquency on your account
- And the legal evidence that proves they own your account
It is not uncommon for collection agencies to just not validate your debt. If this happens, then Northland Group should notify the credit bureaus to remove bad credit on your credit report about this account. It also means your no longer responsible for repayment.
3. Settlement Agreement
If Northland Group is able to validate your debt it may be in your interest to negotiate a settlement agreement. It would be wise to review the date of delinquency on your account. If you are only a few months away from the statute of limitations, it may be easier to just wait for your clean credit report naturally.
If you choose to pay this old debt account. Then you should always negotiate to pay less than the total balance. For example if Northland Group is offering a settlement amount of 35% of your total amount. Then you can make a counter offer of say 20%.
4. File a Dispute With The Credit Bureaus
If you make a settlement payment to Northland Group, you must get them to agree to stop reporting your account information on your credit report. This way you can file a credit bureau dispute and remove any bad credit that Northland Group has reported.
Get a free credit consultation by calling toll-free 1-877-418-7596. For more tips and strategies with Dan Willis sign up for our free newsletter.
Get a FREE Credit Consultation 1-877-418-7596