Receivables Performance Management (RPM) is a national debt collection agency. They were founded in 2002, and have over 340 employees. This collection agency is headquartered in Lynnwood, Washington. RPM collection agency will collect on the following types of debt: healthcare, auto financing, telecommunications, utilities, credit cards, charge off accounts, retail, and more.
Receivables Performance Management
20816 44th Ave. W.
Lynnwood, WA 98036
Phone: 866-212-7408, 888-203-3641
3 Tips Before You Pay RPM Collection Agency
1. How Old Is Your Debt Account?
The majority of consumer debts will carry a statute of limitations. This is the time window for which you are legally responsible for repayment. Often this time window is seven years from the first date of delinquency.
Before you negotiate a payment with Receivables Performance Management, you should take a moment and consider when your first date of delinquency was with the original lender on this account? It may be easier, cheaper, and more convenient to just wait out the statute of limitations.
Once this time window runs out. You are no longer legally responsible for repayment. And the information is required to be removed from your credit report. One of the biggest violations collection agencies engage in is to attempt collection of debts passed the statute of limitations.
Don’t fall for this common tactic of debt collection agencies. Double check your first date of delinquency, as your very first step!
2. Validate Your Alleged Debt
If you are currently dealing with collection agencies, you should request debt validation for your account. This is your way of saying “prove it.” Receivables Performance Management will have to provide you with legal evidence that they own collection rights on your account. And that your debt is within the statute of limitations.
If RPM collection agency is unable to validate your debt, then you are no longer responsible for repayment. And they will contact the credit bureaus, to have them erase bad credit information RPM reported about you on your credit report.
If your debt is validated and you would like to remove RPM collections from your credit report. We would advise you to negotiate a settlement agreement. In your settlement agreement, you should negotiate to pay less than the total balance due. In exchange, for your payment, you need to have RPM agree that they will stop reporting your account information to the three major credit bureaus.
3. Dispute Your Credit Report
If you have bad credit or want to remove collections from credit report, then you should file a credit report dispute. When the credit bureaus receive your dispute and find that it is valid. They will conduct an investigation. They will contact Receivables Performance Management and ask for verification of your account information.
If RPM does not verify your account information, according to the Fair Credit Reporting Act the credit bureaus must remove that information from your credit reports. By cleaning up credit report information, you are improving your payment history. Your payment history is one of the most influential pieces of information when your credit score is calculated.
Listen, your credit score is a lot like your Grade Point Average (GPA) in school days past. It doesn’t matter if you’re acing all your classes, if your failing underwater basket weaving, because this one negative mark is going to decimate your overall GPA.
This is also true of your credit score. FICO openly says this. And this is exactly why it’s so important to clear credit report dings, blemishes, and remove any negative items. We encourage our members to consider professional, legal, and effective 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 remove collections, late payments, charge offs, 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 my credit score with Dan Willis, sign up for our free newsletter and join our congregation.
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