You may have recently seen a collection account on your credit report from Global Credit and Collection Corp. If so, it will be best not to ignore them.
You may think the collection is not legitimate. But the burden will be on you to get it removed from your credit report.
You’ll also need to deal with the company head-on to put a stop to further collection efforts.
Unfortunately, ignoring a collection agency is never a workable strategy. The collection account will remain on your credit report for up to seven years from the date it first went delinquent.
During that time, it will lower your credit score until it finally disappears from your report.
But, even when it does, the collection agency may still continue to pursue you for payment of the debt.
The worst of all possible outcomes is to ignore a collection agency. This will allow the agency to convert the collection into a judgment.
If that happens, you’ll no longer have the ability to contest or dispute the debt.
You’ll be legally required to pay it, and the collection agency will have the right to take extreme measures. They could even garnish your wages until the debt is fully paid.
By dealing with Global Credit and Collection Corp. upfront, you can at least avoid most of these negative outcomes.
In this article, we’re going to focus on how you can deal with them yourself. We’re also going to provide recommendations for professional help.
About Global Credit and Collection Corp.
Global Credit and Collection Corp. also does business as Affinity Global. In fact, if you click through to their website, you’ll come to the Affinity Global page.
The company is an international one with multiple offices in the US, Canada, the UK, and Panama.
In fact, they’re the largest collection agency in Canada, describing themselves as “Canada’s debt collection authority.”
The company was founded in 2003 and has more than 500 workstations dedicated solely to performing outbound debt collection services.
The company offers services for receivables management, pre-collection letter program, asset investigation, litigation, and enforcement of a judgment.
Specific industries served include automotive lenders, communications companies, financial services concerns, insurance companies, and retail operations.
Operating under the name Global Credit and Collection Corp. or Affinity Global, they’ll be collecting for a wide range of businesses and institutions.
Before You Deal with Global Credit and Collection Corp.
There are four basic rules you’ll need to be familiar with in dealing with any collection agency. This goes for Global Credit and Collection Corp. as well:
1. Don’t deal with collection agencies by phone
Phone contact is the easiest and fastest means of communication. Especially when you want to resolve the situation quickly.
However, it generally works in the collection agency’s favor.
That’s the precise reason why it needs to be avoided.
Collection agents are trained and experienced in the art of collecting debts from consumers.
They know how to ask the questions that will squeeze more precious information out of the consumer. They even how to get the consumer to commit to making payments he or she knowingly cannot afford to make.
On the other side of the coin, the typical consumer has no parallel capability.
In a matter of minutes, a collection agent can get you to provide additional information connecting you to the debt. They may even get you to make a promise to send money.
If you do either, you’ll be incriminating yourself.
You should know from the start that collection agencies routinely record phone calls.
That means any information you provide or promises you make by phone are as legally binding as a written contract.
Be sure that your first phone call with Global Credit and Collection Corp. is your last. And during that call, be sure to provide as little information as possible.
2. All contact with Global Credit and Collection Corp. should be in writing
You’ll need to put an end to the phone calls. You are within your rights under federal law to insist all communication with a collection agency be conducted in writing.
That will take away most of the advantages collection agencies have in dealing with you. So they will not be able to harass you with phone calls on a daily basis.
Written correspondence also takes away the collection agent’s ability to be intimidating.
Collection agency behavior has specific rules under federal law. These rules are less likely to be violated in written correspondence than in a phone call.
Written correspondence also gives you the ability to control the flow of your exchanges with the company more carefully.
You can—and should—keep your letters short and to the point. Writing a letter also gives you the ability to edit it for any information that could be used against you.
Be sure to send any correspondence to the company using certified mail, return receipt requested.
That will prove not only that you sent your letters, but also that they were received. Keep all correspondence—yours and theirs—in a single file.
That will enable you to access information at any time, as well as serve as a potential defense if the company brings legal action against you.
3. Never promise to make a payment unless you’re willing and able to make it
This is the biggest mistake many consumers make in dealing with collection agencies. Sometimes it’s a matter of yielding to pressure from the collection agency.
But, other times, it’s a matter of thinking you can make the collection agent go away by promising to send money.
At best, the latter strategy will work for only a few days. Once the promised payment doesn’t arrive, the collection agency will be back to you for payment.
But, there’s an even darker outcome. If you promise to send payment and then fail to do so, the collection agency will have a legal basis for filing a lawsuit against you.
No matter how tempting or convenient it may seem, never promise to send a payment to a collection agency unless you have the funds and fully intend to send them.
4. Familiarize yourself with your rights under federal law
As a consumer, there is a federal law in place to protect you from certain abuses that can take place when dealing with collection agencies.
Read about your rights protected under the Fair Debt Collection Practices Act (FDCPA). In case things get ugly with Global Credit and Collection Corp., you’ll be able to have the upper hand.
You can learn these protections by reading the Debt Collection FAQs provided by the Federal Trade Commission (FTC).
Get Professional Help in Dealing with Global Credit and Collection Corp.
If the information above is making you hesitant about dealing with Global Credit and Collection Corp. yourself, or if you’ve been trying and getting nowhere, the next step will be to get professional help.
Start with a good credit repair company. Dealing with collection agencies is what they do, and it’s often better to have a third party represent you than to do it yourself.
A good credit repair service will not only be able to help you reduce or eliminate the debt but also to improve your credit report.
If Global Credit and Collection Corp. threatens you with legal action, you’ll need to get representation.
An excellent choice is Lexington Law, which is a law firm that specializes in credit.
Even if Global Credit and Collection Corp. plans to file a lawsuit, the attorneys at Lexington Law may be able to prevent that from happening.
And, if there are any legal violations in the way the collection agency has treated you, they may be able to get the collection account deleted entirely.
Specific Strategies for Global Credit and Collection Corp
Keeping the above four rules in mind, let’s dig into the strategies you can use to deal with Global Credit and Collection Corp and get the collection removed from your credit report.
Demand Global Credit and Collection Corp. Provide a Debt Validation Letter
By law, a collection agency must provide a consumer with a debt validation letter. The letter will (or should) identify the specifics of the debt, as well as your connection to it.
For example, it will include the name of the original creditor, the date of the original obligation, the date it went into collection, the full amount of the debt, and information that connects you to the obligation.
Your first step in dealing with Global Credit and Collection Corp. should be to demand a completed debt validation letter. Once you receive it, carefully analyze the information it contains.
Then trace that information to your own records. There’s an excellent chance the collection agency is attempting to collect a debt you’ve already paid, or it’s simply a case of mistaken identity.
You’ll need the debt validation letter to prove either situation.
If either situation is true, you can demand Global Credit and Collection Corp. halt further collection efforts and remove the collection account from your credit report.
But, you’ll need to get the debt validation letter to make any of that happen.
Request a Goodwill Deletion
If you agree that the debt Global Credit and Collection Corp. claims you owe is legitimately yours, you may be able to have the collection account removed from your credit report.
You can request a goodwill deletion by sending the company a goodwill letter.
This will only be effective under two circumstances:
- The debt has either been fully paid, or you intend to pay it, and
- There’s an extenuating circumstance that caused the debt to go into collection.
Each point is equally important, but your request will sink or float on the strength of your explanation for the collection account.
Your letter will need to convince the agency that the problem was caused by a situation that was completely beyond your control.
This can include an extended time of unemployment, the death of a loved one, or a major medical event.
If you can provide documentation supporting your claim, your request will have a better chance of being granted.
Offer a “Pay-for-Delete” Agreement
This strategy is something of a gray zone. You’ll make it happen by sending Global Credit and Collection Corp. a pay-for-delete letter in which you’ll offer to pay the debt in full in exchange for the agency removing the collection account from your credit reports issued by all three major credit bureaus.
There’s an excellent chance the company will jump at the opportunity as a way to collect the full amount of the debt.
But that comes with a caveat.
The company can accept the agreement, either verbally or in writing, then accept your payment. But, they may not remove the collection account from your credit reports.
If they don’t, you’ll have no recourse against the agency. Pay-for-delete agreements are technically a violation of the contract between creditors and the credit bureaus.
While a creditor can report the account as fully paid, they’re not supposed to remove the negative entry.
This strategy is a true shot in the dark, but it may be worth trying.
Demand Deletion if Global Credit and Collection Corp. Can’t Fully Validate the Debt
If Global Credit and Collection Corp. fails to provide you with a debt validation letter, or if it comes back missing important information, you’ll have a basis to dispute the legitimacy of the debt.
In fact, under federal law, they’re required to close the account if it cannot be fully validated.
But, there’s an excellent chance they won’t see it that way. If that’s the case, you can open a dispute with the three credit bureaus: Experian, Equifax, and TransUnion.
They’re required to investigate your claim within 30 days. If Global Credit and Collection Corp. is similarly unable to provide the information required in the debt validation letter, the credit bureaus will delete the collection account from your credit reports.
However, even if that happens, Global Credit and Collection Corp. may continue to pursue you for the debt. If so, you may need professional help.
Settle the Debt for Less than the Full Amount Owed
Since collection accounts are often owed by financially distressed individuals, full payment is not always a possibility.
Collection agencies are aware of this, and most will agree to a settlement of the account for less than the full amount due.
It’s the “half a loaf is better than none” thinking, playing out in reality.
You can send Global Credit and Collection Corp. a letter proposing to settle the debt for less than the full amount.
For example, if the amount of the debt is $1,400, offer $700 in full satisfaction. The collection agency will likely counter with a higher amount, like $1,200.
You might increase your offer to $800, and a settlement may be reached at $1,000.
Should that happen, insist that Global Credit and Collection Corp. confirm your agreement in writing.
Their letter must acknowledge that they are accepting $1,000 in full satisfaction of the $1,400 debt.
It should also disclose that they would halt further collection actions against you, and report the account as fully paid with all three credit bureaus.
Send no money until this letter is received! If you send money based on a verbal agreement, the collection agency may accept your payment but continue to pursue you for the full balance of the debt.
Absent written acknowledgment of the agreement, you won’t have a legal leg to stand on.