Dynamic Collectors on Your Credit Report? Fight Back and Win

Having a collections account listed on your credit report or dealing with ongoing phone calls can be stressful and detrimental to other parts of your life. For example, when you have a collections account listed with Dynamic Collections on your credit report, you might not qualify for new credit, and you could be turned down for everything from credit cards to a home loan. 

If you deal with calls from a debt collector, it can be overwhelming and embarrassing, especially if they contact you at work or reach out to your family.

By knowing your rights, you’re in a position to deal with Dynamic Collectors effectively and alleviate the stress a collections company can create in your life.

What Is Dynamic Collectors?

Dynamic Collectors is a third-party debt collection company. The process for something to go to a debt collector can be similar to this:

• A consumer opens an original account with a creditor. This could be a financial company or something like receiving services from a doctor or hospital.
• The consumer doesn't make their payments on time, and their account becomes delinquent.
• The original creditor might try to collect the owed money for a while, and then when the account is past due by a certain amount, they might sell the debt or outsource debt collection work to another company.
• The other company starts contacting the person who owes the debt, and they could report the information to one or more of the three credit bureaus.
• If a person legitimately owes the debt, it could be on their credit report twice, once under the original creditor's name and once under the debt collection company's name.

Is Dynamic Collectors a Real Company or a Scam?

You might assume you're being scammed if you get calls from unfamiliar numbers and business names. Dynamic Collectors isn't a scam—they're a legitimate debt collection company. At the same time, that doesn't mean the information or the debt they're calling you about is correct and fully accurate. Anytime you're being contacted about a debt, it needs to be verified.

Who Does Dynamic Collectors Collect For?

The industries that Dynamic Collectors works in include:

• Medical
• Dental
• Government and courts
• Banking
• Judgments
• Utilities
• Property management

This means that the original creditor Dynamic Collectors is calling about could be a company that falls into one of these categories.

Why Is Dynamic Collectors Calling Me?

This company is calling you because they believe you owe a debt, or they are calling you to try to reach a family member who does.

I Don't Think I Owe Money, What Now?

A common situation is that people start getting calls about debts they don't believe they owe. Reasons for mistakes related to debt and credit reports include:

• Your information is mixed up with someone else's. You might have a similar name, so you're getting calls about something another person owes.
• Debts are supposed to be removed from your credit report after a period of time, which for most types is seven years. This is an error if a debt is still listed on your report after this time or if it's listed as new when it's not.
• The original creditor providing details to Dynamic Collectors may have submitted the wrong information.
• The debt may be partially wrong—for example, maybe the balance is incorrect.
• You could be an identity theft victim.

If you believe that Dynamic Collectors is contacting you about something you don't owe, take the following steps:

• Check credit reports from all three bureaus. If you haven't already done this, it's important to see the information listed there. You may need to work with an attorney to dispute the information with Dynamic Collectors and credit bureaus.
• Because of laws like the Fair Debt Collection Practices Act (FDCPA) and also a law called the Fair Credit Reporting Act (FCRA), a creditor or debt collector is required to provide you with information detailing your debt. A consumer protection attorney can contact Dynamic Collectors on your behalf to find out more about your debt. 
• If there’s a mistake in any information reported by Dynamic Collectors, an FCRA attorney can submit a dispute on your behalf, managing all communication with the company. 
• The companies that you dispute a debt with are required to investigate your claim. They usually have 30 days to do this after receiving your request.
• Then, when the investigation ends, the companies should report their findings.
• If the companies agree with your dispute, they should delete negative information from your credit report and stop contacting you.
• During the time when a dispute is ongoing, your lawyer can request that Dynamic Collectors stop all collection activities.

Limits On What Dynamic Collectors Can Do

Even if you don't dispute the debt Dynamic Collectors is contacting you about, the FDCPA still provides you with rights. For example, Dynamic Collectors can't:

• Use any form of harassment or intimidation.
• Be vague about what you owe or why they're contacting you.
• Contact your place of work if you request they don't.
• Contact you at inconvenient times, like early in the morning or late at night.
• Contact you too many times in a one-week period. 
• Use profanity. 
• Threaten you with things that aren’t actually going to happen, like telling you you’ll go to jail if you don’t pay a debt. 

Deleting Dynamic Collectors from Your Credit Report

FCRA attorneys work with consumers to help them as they deal with debt collectors and information that needs to be deleted from their credit reports. Too often, debt collection agencies make it challenging for consumers to get information and dispute debts. Some risks can come with consumers trying to talk directly with a debt collector, especially if there’s a mistake. For example, you could inadvertently say or agree to something that restarts the statute of limitations on a debt. 

Fair Credit is a team of attorneys, and we specialize in helping ensure your rights under the FCRA are protected when dealing with debt collectors. If you'd like a free case review, please contact us.