Everest Receivable Services on Your Credit Report? Fight Back and Win

Have you gotten calls from a company called Everest Receivables Services, or maybe you’ve seen their name listed on your credit report? You’ve likely never heard of Everest Receivables Services before, so you’re probably wondering if there’s a scam happening.

What Is Everest Receivables Services?

Everest Receivables Services is a debt collection agency. The company focuses on the recovery of consumer debt that’s delinquent. What will typically happen is that the original creditor or company where a consumer had an account will try to collect past-due bills and balances for a period of time. Eventually, they might outsource collections to Everest Receivables Service or another third-party debt collector.

Some companies will entirely charge off a debt, meaning they’ve given up on collecting it. They’ll see the debt cheaply to a company that will then try to make money from collecting a portion of what’s owed.

Is Everest Receivables Services a Scam?

Everest Receivables Services isn’t a scam. They’re a legitimate company accredited by the Better Business Bureau, operating out of New York.

Despite being a legitimate company, there are numerous complaints against Everest Receivables Services from consumers.

Many consumers describe harassment from this company. For example, they say that the company calls them and members of their extended family multiple times a day and often uses spoof phone numbers. Other complaints focus on Everest Receivables Services not sending any mail notice or information about debts.

There are reviews from people who say that this company isn’t forthcoming when contacting them and instead relies on deceptive communication practices.

Companies Everest Receivables Services Collects For

Everest Receivables Services broadly collects for companies in a wide variety of industries.

What If You Think There’s a Mistake?

If you start to get calls from a company like Everest Receivables Services or you see them listed as a collections account on your credit report, the first thing you should do is contact a Fair Credit Reporting Act (FCRA) attorney.

There are very often situations where the information that a debt collector has about you or something reported on your credit file is incorrect. Reasons for mistakes related to your credit and financial history include:

• An original creditor could have reported the wrong account information to a third-party collection company.
• Specific parts of a debt, like the balance due, might be wrong.
• A debt could be old; therefore, it should have expired and be off your credit report.
• Your Social Security number could have gotten mixed up in the credit file of someone who has a similar one.
• Your name might be similar to another person’s, so their information could be mixed with yours.
• A company reported a debt as charged-off, but you settled or paid it.

In a study recently, consumers were asked to review their credit reports for errors. Of those participants in the study, more than one-third found errors of all types.

So what should you do if you believe there’s a mistake?

An FCRA attorney can work on your behalf to communicate with Everest Receivables Service. They can verify information, identify errors and then begin the process of disputing the debt, fully or partially.

Under the FCRA, which covers all consumers, you have a right to accuracy, fairness, and transparency when it comes to your credit information. You also have the right to dispute anything that’s wrong or have an attorney do it for you.

Once an attorney contacts Everest Receivables Services and begins the dispute process, if that’s the best option, the company is required to do an investigation. The investigation usually has to be completed in 30 days. Once the investigation ends, Everest Receivables Services has to report its findings. When the information is, in fact, inaccurate or isn’t your debt, it should be removed from your credit report.

When consumers try to handle the dispute process on their own, there’s room for errors that could make the situation worse, which is why the first step should always be consulting with an attorney.

What If You Owe the Debt?

If you owe a debt that Everest Receivables Services calls you about, you still have rights under the FCRA and the Fair Debt Collection Practices Act (FDCPA). Even if you believe you’re getting calls about a debt you owe, it’s still best to talk to a consumer protection attorney first.

Under the FDCPA, Everest Receivables Services can’t use harassment to try and get you to pay a debt. Examples of harassment include:

• Contacting you multiple times a day.
• Contacting you more than seven times in a seven-day period.
• Using profanity or threatening language
• Being deceptive or misrepresenting themselves when contacting you.
• Continuing to contact you when you’ve asked them to stop.
• Sharing financial information with people like your employer.

Getting Everest Receivables Services Off Your Credit

If Everest Receivables Services is already listed as a collections account on your credit, it’s a problem you have to take care of as soon as possible. Negative information on your credit report, especially if it’s a mistake, can have far-reaching effects on various parts of your life. You might:

• Be denied a new credit card or bank account.
• Get turned down for a rental by a landlord.
• Be ineligible for a home or car loan.
• Pay higher interest rates.

All of these scenarios highlight why it’s so important to talk to an FCRA attorney about your situation. Otherwise, you can’t move forward financially, plus you might be dealing with the stress of constant phone calls.

Contact Us Today

Fair Credit is a team of experienced consumer protection attorneys specializing in the FCRA. If you try to deal with Everest Receivables Services on your own, without legal help, the situation might worsen. We can find the right solution for you, given your specific situation. Contact us today for a free case review so you can move past dealing with Everest Receivables Services.