Capital Accounts on Your Credit Report? Fight Back and Win

If you're being contacted by Capital Accounts, you don't have to feel powerless - understanding your rights and the legal protections afforded to you against any misconduct by debt collectors is the best way to take control of the situation.

Knowing what steps to take - like disputing credit report remarks or filing a lawsuit against the company if they violate your consumer rights - enables you to protect yourself during the collections process. In this article, we'll outline everything you need to know to get your credit - and your life - back on track.

What Does Capital Accounts Do?

Debt collectors like Capital Accounts - founded in 2003 and based in Tennessee - specialize in recovering overdue payments on behalf of creditors. They typically purchase delinquent loans from creditors for a fraction of the original debt or charge a fee for their collection services. To conduct their activities, debt collectors use a variety of tactics. 

This can include sending reminders detailing outstanding balances to those in debt and regularly calling the debtor. They typically attempt to negotiate payment plans and repayment arrangements with individuals or businesses. Since these debts are seriously delinquent, this will be reported to credit bureaus and if the collector is unsuccessful in their collection attempts, they may take legal action to force repayment.

Is Capital Accounts a Legit Company?

Capital Accounts is a legit collector - if you’ve been contacted by this company, it probably means you’re seriously delinquent on a debt. Ignoring the situation will not make it go away. The company’s contact information can be found below:

• Phone Number: (800) 282-3214
• Website: https://usecapital.com/
• Address: PO Box 680608 Franklin, TN 37068
• BBB Rating: 1/5 

To protect your financial interests, we recommend you get in contact with Fair Credit today. We will examine your credit report, discover errors, and dispute them on your behalf.

What Can I Do If I’m Being Harassed by Capital Accounts?

When you're contacted about a debt, it's important to understand that the FDCPA is on your side and protects you from abusive debt collection practices. Under this law, creditors must provide honest information about who they are and why they’re contacting you. 

The FDCPA also limits how often and when creditors can contact you, in addition to outlawing deceptive methods designed to collect on a debt. It's important to read up on what is covered by the FDCPA so that you feel empowered during interactions with creditors and debt collectors. Some prohibited behaviors under this law include, but are not limited to, the following:

• Falsely claiming that a debt is legal and enforceable when it is not
• Harassing debtors with repeated phone calls or using profane language
• Misrepresenting the legal status of a debt or amount owed
• Failing to provide adequate written confirmation of a debt upon request
• Attempting to collect additional fees, interest, or charges not authorized by law or the original loan agreement
• Making false threats of lawsuits, arrest, garnishing wages, seizing property, or repossessing vehicles without lawful authority to do so
• Contacting employers without obtaining prior permission from the debtor
• Continuing collection efforts after a debtor has provided proof that a debt is paid in full or otherwise legally satisfied

 If you find that your rights have been violated, the best option is to take legal action and sue. In order to do this effectively, document any offenses such as receiving calls during odd hours or on weekends, being threatened for payment and instances of repeated contact from a specific collector. 

Once the evidence has been gathered, speak to a qualified attorney who can offer advice and help to determine what offenses have occurred. With proper knowledge and preparation, taking legal action will help ensure justice is served and the consumer rights are protected.

How Can I Get Capital Accounts Removed from My Credit Report? 

Removing a collections account from your credit report can be a frustrating and time-consuming process, but it's possible with the right approach. The first step is to contact the collections agency that reported the account to your credit bureau and make a payment plan or settlement arrangement. 

You should always get any agreement in writing, as this will provide proof of payment when you dispute the debt with the credit bureaus. Here are a few steps you can take to get a collections account from Capital Accounts removed from your report:

• Contact the collections agency that reported the account to your credit bureau and make a payment plan or settlement arrangement.
• Get any agreement in writing, as this will provide proof of payment when you dispute the debt with the credit bureaus.
• Dispute any inaccurate information or outdated data on your report using an online dispute form offered by each credit bureau.

Once you have submitted your dispute form, the credit bureau will investigate and remove any inaccurate information from your report; however, it is important to continue monitoring your credit for errors, as mistakes can occur even after removal of a collections account from your report. 

If you’re struggling to complete these steps on your own, working with a qualified attorney can help demystify the process and put you in the best position to yield a favorable outcome.

Contact Us For Your Free Case Review

At Fair Credit, we recognize the impact that collections accounts can have on your life. From taking a toll on your creditworthiness to causing distress and anxiety - that's why we are passionate about helping our clients understand their rights and the options available to them when navigating debt management. 

Working with our qualified team can offer peace of mind during a difficult time – to get started paving the way to a brighter financial future, reach out to us for a free case review today.