In addition, they can legally charge your account sky-high interest fees, and even collection fees to rapidly inflate your total balance. Of course, they’ll be calling you, sending demanding letters, and they’ll report negative information on your credit reports. We need to share what AWA Collections can legally do to attempt to collect payment from you. For some folks, after first performing the necessary due diligence and following the tips in this article, may discover paying off collections is the most effective way to remove negative credit report dings, blemishes, and remove this AWA Collection item. Look, the key to fix your credit score is removing the dings, blemishes, and negative items from your credit reports. Anthony Sprauve, a spokesman for FICO says, collections on your credit reports can damage and drag your credit score down by as much as 100 points. This is still a negative, damaging, and derogatory item that’s guaranteed to lower your credit score. The only thing that happens is a change in the status of that item on your credit reports. If the only thing you do is pay off collections, and nothing more, it won’t improve your credit score. It further says they’re required to treat you with that modicum of respect and dignity, that every human being deserves.ĭoes Paying Off AWA Collections Improve Credit Score? In short, it says debt collectors are required to be honest, upfront, and not deceptive. This is federal legislation intended to regulate the debt collection industry, and it’s worth your review in detail, at your convenience. The first item on the agenda when dealing with debt collectors is the Fair Debt Collection Practices Act (FDCPA). In other words, they work on straight commissions and will share any money collected with the original lender, creditor, or account holder. According to their website, they work exclusively on a consignment basis. They’ll collect on many types of consumer accounts including: financial services, healthcare, telecommunications, utilities, government, and many more. They’re located in southern California and service debt nationwide. Are you getting a flood of phone calls? Threatening letters? Have you discovered an AWA Collections account on your credit reports? If so, you’re in the right place.ĪWA Collections is also know as Adler Wallach and Associates, and they’re an aggressive, independent, debt collection agency.
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