There are few things in this world quite as nerve-wracking as being pursued by a debt collector. If you’ve been getting calls from a company called Bom/TCI-Tv, you know exactly what I’m talking about.
You may think that the worst part of dealing with Bom/TCI-Tv is getting harassed and not being able to pay.
Unfortunately, there are also threats to your credit health when you are hounded by a debt collector.
Before they can legally ask you for money, Bom/TCI-Tv must first report the debt to all the major credit reporting agencies.
This will result in an entry on your credit report that will remain on your record for roughly seven years.
Collection accounts like this can mean trouble for your credit score. They can also pose a threat to any loans or credit cards you plan to apply for in the future.
If you want to repair your credit, you’ll need to remove Bom/TCI-Tv’s account from your credit report.
Luckily, this will also solve the problem of their ceaseless calls and letters.
Keep reading for the full scoop on dealing with Bom/TCI-Tv.
What is Bom/TCI-Tv?
Bom/TCI-Tv is a legitimate debt collection agency that is headquartered in Sioux Falls, SD.
They may also appear on your credit report under the names TCI Solutions and Total Card, Inc.
Bom/TCI-Tv specializes in collecting small consumer loan debt.
You will probably hear from them if you’re having trouble repaying a small commercial or personal loan.
If you are overwhelmed by dealing with negative entries on your credit report,
we suggest you ask a professional credit repair company for help.
Does Bom/TCI-Tv Have Any Complaints?
Bom/TCI-Tv, much like many other debt collectors, has a history of aggressive collection tactics, billing issues, and inaccurate data reporting.
This has resulted in a number of complaints being filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB).
The most serious allegations are regarding Bom/TCI-Tv’s violation of the Fair Debt Collection Practices Act (FDCPA).
This law protects you from debt collector mistreatment and must be followed by debt collectors when contacting you for payment.
If you believe that Bom/TCI-Tv is breaking this law, you should consider filing a complaint with the above bureaus.
You can also work with legal representation to try to win a settlement from them.
How to Deal with Bom/TCI-Tv
These are the basics for removing Bom/TCI-Tv from your credit report.
Request All Communication in Writing
When it comes to dealing with debt collectors, it is best practice to get all of your communication in writing.
This is a right that is afforded to you under federal law.
Specifically, the FDCPA allows you to request that Bom/TCI-Tv stop calling you and instead conduct all communication through certified U.S. Mail.
In addition to sparing your voicemail box, you will be doing yourself a number of favors by requesting written communication.
Getting letters instead of calls from Bom/TCI-Tv allows you to hold on to each correspondence for future reference.
You will also likely not receive the sort of abrasive language that can come with debt collector calls.
To request written communication from Bom/TCI-Tv, simply tell them that you would like to receive only written communication moving forward.
If they start to push back, tell them that they are in violation of the FDCPA and hang up.
Take Advantage of Your Section 609 Rights
You should also take advantage of your Section 609 rights when you’re dealing with Bom/TCI-Tv.
Under this section, it also states that you are allowed to request that Bom/TCI-Tv send you the information that they are reporting.
This is how you can make sure that they aren’t reporting anything that is outright false.
So, what’s the catch? You only have thirty days to formally request that Bom/TCI-Tv send you your account information.
You’ll need to act fast before the statute of limitations runs out.
To ask Bom/TCI-Tv to validate your debt, you will need to write a Section 609 letter.
This is essentially a tangible request for them to send you everything they have on your debt.
Once Bom/TCI-Tv gets your letter, they will need to gather your information and send it back to you within a month.
If they ignore your request, you can file a formal complaint with the CFPB.
Go through each page that Bom/TCI-Tv sends you carefully and mark any information that is incorrect.
They are required to reach out to the credit reporting agencies and remove the collection account from your credit report if anything doesn’t match up.
Offer Payment in Exchange for a Deletion
Let’s say Bom/TCI-Tv is able to validate your debt. Now what?
You always offer to pay them for the debt under the condition that they delete their account from your credit report.
Known as a pay-for-delete agreement, this type of settlement is pretty common in the debt collection industry.
The agreement satisfies both parties because it restores your credit report to its pre-debt glory, and Bom/TCI-Tv still gets paid on the debt.
Nailing down a pay-for-delete agreement will take some negotiating on your part.
To kick things off, offer Bom/TCI-Tv half of the balance in exchange for a deletion.
This will give you some room to negotiate with the debt collector.
Go back and forth with Bom/TCI-Tv until you come to terms and conditions that work for both parties.
Before you make a payment, make sure that you get a signed contract or a letterhead that clearly states your agreement.
Bom/TCI-Tv should have their account deleted within about a month of receiving your first payment.
If they start dragging their feet, reach out and remind them that you have a written agreement stating their obligation to delete the account.
This should inspire them to get a move on.
Get Help Dealing with Bom/TCI-Tv
If you’d rather hand off Bom/TCI-Tv to a professional, you can always hire a credit repair company to handle the negotiations.
They will work directly with debt collectors and creditors to remove collection accounts and improve your credit score.
If you are looking for a quality credit repair company, look no further than Lexington Law.
They have over 28 years of experience with companies like Bom/TCI-Tv and have removed millions of collection accounts.
Do you have any tips for dealing with Bom/TCI-Tv? Let us know in the comments below.