If you’re planning on making a big purchase but have poor credit, you may consider 09 Tempoe LLC as an alternative to traditional lenders.
They offer no credit financing on a variety of consumer purchases.
However, you must make payments on your loan, or you will face another side of them that is far less lenient.
They have a collections arm that will pursue you for payment if you fail to make payments on your loan.
If they are pursuing you for late payments, it can lead to a lot of negative effects. They will open an entry on your credit report, which can cause your credit score to fall drastically.
It can also worsen your chances of qualifying for loans and credit cards in the future.
If you want to stop 09 Tempoe LLC from making your credit worse, you need to remove their entry on your credit report and take advantage of your consumer rights.
Learn more about how to do that below.
What is 09 Tempoe LLC?
Unlike many of the companies we cover, 09 Tempoe LLC isn’t strictly a debt collection agency.
Instead, they offer loans to people at high-interest rates for people with undesirable credit scores.
Headquartered in Cincinnati, OH, they offer five-month minimum loans that can be used for a variety of reasons.
You can use a their loan to purchase furniture, appliances, cellphones, jewelry, and more. They have approved over 6.8 million loans since their founding.
How to Deal with 09 Tempoe LLC
When it comes to removing 09 Tempoe LLC from your credit report, there are certain steps that you can take to guarantee success.
Here are the four best steps to deal with them and get the collection account off your credit report.
Ask for a Goodwill Deletion
If this is the first time you’ve had a debt go to collections, 09 Tempoe LLC may be inclined to let you off the hook.
However, you will need to have paid the debt in its entirety first.
You can ask them for what’s known as a goodwill deletion.
This is essentially when a debt collector or creditor removes the account from your credit report because of your otherwise clean record.
To ask for a goodwill deletion, you should start by writing 09 Tempoe LLC a letter that explains why you were late on the debt in the first place.
If you were laid off from the pandemic or experienced a medical emergency, you should let them know.
Whatever reasons you list, you should make sure that they are the whole truth.
They are good at telling when you are lying, and they will probably ask you to provide documents that back up your story.
Finally, make sure that your tone is polite throughout your letter. They would be doing you an enormous favor by removing their account from your credit report.
They will be more likely to give you what you want if you ask nicely.
Write a Debt Validation Letter
Goodwill deletions are best if you have already paid the debt. If you haven’t made any payments yet, your next step should be to write a debt validation letter to 09 Tempoe LLC.
Under the FDCPA, you are allowed to ask a debt collector to provide evidence that the debt belongs to you.
This step is time-sensitive though, so it’s important that you submit your request within 30 days of first contact from 09 Tempoe LLC.
To begin, send them a letter that asks them to confirm details of the debt, including the name, account number, and date of last account activity.
This is known as a debt validation letter and is a formal request for them to validate the debt.
When you send the letter, make sure that you request a return receipt. A return receipt tells you when 09 Tempoe LLC receives your letter in the mail.
This is how you can know if they are ignoring your request or not.
Within 30 days of receiving your letter, they should return with documents that are meant to prove that the debt is yours.
You should go through each page and make sure that every detail matches your original documents.
If you find an error in the information 09 Tempoe LLC sends, you can file a dispute with the major credit bureaus.
They will investigate the claim and remove the account if they find that they are reporting inaccurate information about your debt.
Strike a Deal with 09 Tempoe LLC
If a debt collector is able to validate your debt, you will need to pay it. However, this doesn’t mean that you have to kiss a clean credit report goodbye.
You can use payments as a leverage to get 09 Tempoe LLC to remove their account from your credit report.
This is known as a pay-for-delete agreement and is the most common type of deal that consumers strike with debt collectors.
Start by offering to pay half of the balance in exchange for a deletion.
They will likely decline this initial offer, so you will need to work with them to come to a solution that works for both of you.
Make sure that 09 Tempoe LLC agrees to fully delete the account, not just change the status to ‘paid’.
A paid collections account will still impact your credit in the future, so it’s crucial to get them to remove it entirely.
If they agree to this, draft up a contract that both parties can sign. This is how you can hold them accountable if they try to go back on their word.
Don’t pay a penny until this contract is worked up and signed by 09 Tempoe LLC.
Once the contract is done, make your first payment and wait about a month for their entry to disappear.
If their account remains on your report after 30 days, give them a call and remind them of the contract you both signed.
This should light a fire under them to finally delete the account.
Hire a Credit Repair Company
Negotiating with difficult debt collectors is not in everyone’s wheelhouse.
If you would prefer to hand this task off to a third party, you should consider hiring a credit repair company.
Credit repair companies specialize in review credit reports and identifying accounts that may be dragging down your score.
They will work directly with debt collectors and creditors to negotiate a deletion and clean up your credit history.
It’s important that you choose a credit repair company that is right for your situation and your budget.
We have compiled a list of the top credit repair companies so that you can find the best one for your circumstances.
Does 09 Tempoe LLC Have Any Complaints?
Even though 09 Tempoe LLC isn’t a typical debt collector, they still have had complaints filed against them.
They employ many of the same tactics that traditional debt collectors use to collect payments from customers, which can be abrasive and aggressive at times.
Over the years, customers have filed complaints against 09 Tempoe LLC with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB).
These complaints are mostly due to them violating the Fair Debt Collections Practices Act (FDCPA).
If you believe that your FDCPA consumer rights have been violated by them, you can file a complaint as well.
You can even choose to pursue legal action if the harassment is extensive enough.
Before you cave and pay your balance to 09 Tempoe LLC, you should try negotiating with them first. Odds are you will be able to work out a deal that works for both of you.
If negotiating isn’t your strong suit, a credit repair company should be able to help you out.
They deal with companies like 09 Tempoe LLC all the time, so they will know the best strategies to remove them from your credit report and improve your score in the long run.
If you have any advice on how to deal with 09 Tempoe LLC, we’d love to hear from you. Leave your tips in the comments section below.