How to Remove Palisades Collection LLC From Your Credit Report
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If you fail to pay a debt, you may start to hear from a collection agency called Palisades Collection LLC, Palisades Acquisition or ASTA Funding, Inc.
Palisades Collection LLC is a debt collection agency, contracted by a company like student loans or medical companies to provide financial services, by opening a collection account on your credit report in order to pursue you for the debt.
Essentially they are debt buyers collecting any delinquent accounts.
In the United States, even if you pay your debt, having a collections entry on your credit report can damage your credit score for up to seven years.
Removing a collection entry from your credit report isn’t easy, but it is possible.
Check out our in-depth article to learn more about Palisades Collection LLC and how to get them off your back for good.
Now is also a good time to disclose that we are not a law firm.
Please seek a lawyer to receive legal advice and keep in mind prior results do not guarantee the same outcome for you.
How to Remove Palisades Collection LLC From Your Credit Report
If you would like to get rid of Palisades Collection LLC on your credit report, these steps are a great way to remove their collection entry and take control of the situation.
- Get Everything in Writing
- Request a Goodwill Deletion
- Request Debt Validation
- Work with a Professional
Get Everything in Writing
The first step when dealing with any debt collector is to request that they communicate with you strictly in writing.
Debt collectors are tricky. They like to communicate through phone calls because it allows them to say or agree to anything in the moment and not have to follow through. After all, it’s their word against yours.
However, many people don’t realize that under the Fair Debt Collection Practices Act (FDCPA), you are allowed to request that debt collectors contact you strictly via U.S. Mail.
This can keep them from contacting via your phone number or any other contact information too often, harassing or abusing you, and making false promises that they don’t intend to keep.
When Palisades Collection LLC contacts you next, tell them that you are aware of your rights under the FDCPA and would like to communicate strictly through U.S. Mail.
If they begin to argue, tell them that they are in violation of the FDCPA and hang up.
Most debt collectors assume that their customers aren’t aware of their rights and will take advantage of them.
By asserting yourself, you are taking a position of power in your fight against Palisades Collection LLC.
Familiarize yourself with the FDCPA and know your rights, especially if the company is threatening wage garnishment.
Make sure they are not pursuing your debt after the statute of limitations.
Request a Goodwill Deletion
If you have already paid the debt, it is worth it to ask Palisades Collection LLC for a goodwill deletion.
A goodwill deletion is exactly what it sounds like; a debt collector will stop reporting the collection account to credit bureaus or credit reporting agencies out of goodwill.
This usually works when you have paid the entirety of the debt and are up to date on any current payments.
In order to request a goodwill deletion, you will need to write a letter to Palisades Collection LLC.
Explain to them why you were late on your payments and why you would like the entry removed; be sure to include the account number as well.
If you are trying to qualify for a mortgage or other loan, this is typically seen as a good reason for deletion.
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Be friendly and polite in your letter so that Palisades Collection LLC is more willing to grant you the deletion.
Request Debt Validation
If you fail to get a goodwill deletion, the best way to get a collection entry removed from your credit report is to identify any inaccuracies in the entry.
You can do this by requesting debt validation from Palisades Collection LLC. If Palisades Collection LLC is pursuing you for multiple debts, you will need to request validation for each debt separately.
It is common for information about debts to get lost or misconstrued in the transfer from the original creditor to the debt collector.
In fact, it is possible that the debt doesn’t even belong to you.
If this is the case, you can have the entry removed from your credit report by writing a debt validation letter to Palisades Collection LLC and then disputing the entry with the three major credit bureaus.
To request debt validation, you will need to write a debt validation letter and send it to Palisades Collection LLC within 30 days of their first contact with you.
It is important that you send this letter as soon as possible. Otherwise, you may not get a response.
Once you hear back from Palisades Collection LLC with the information about your debt, review the information carefully, and look for any inaccuracies.
If you spot any incorrect information, follow up with the major credit bureaus, and file a dispute. This should be enough to remove the entries, which means that you may not have to pay the debt at all.
Get a Free Copy of Your Credit Report
Work with a Professional
If all else fails, you can always work with a reputable credit repair company to get the entry removed.
Palisades Collection has sued individuals and was awarded a default judgment without those individuals even knowing.
Credit repair companies are an excellent service that can help people get their score back on track without having to deal with debt collectors and creditors.
Lexington Law is a trustworthy and reputable credit repair company that I recommend to people looking to partner with an industry professional.
They should help you find no fee lawsuit should you need it, through referencing numerous cases including the 2011 District Court case in New York in which the judge ruled Palisades had violated the FDCPA.
They can help you get negative items removed from your credit report and boost your score, as well as avoid scams.
They will work with you to come up with a plan of action to help you clean up your credit report and regain financial freedom.
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About Palisades Collection LLC
Palisades Collection LLC, also known as ASTA Funding, is a small debt collection agency that is headquartered at 210 Sylvan Avenue, Englewood Cliffs, New Jersey 07632.
As a third-party collector, they buy old debt from banks, credit card companies, hospitals, cell phone companies for pennies on the dollar in order to make money on the collections.
They are often associated with unpaid AT&T bills, but they collect debts on behalf of many companies and industries.
Unfortunately, Palisades Collection LLC has a history of questionable collection tactics. Consumers have filed several complaints against them for improper collection actions with the Consumer Financial Protection Bureau (CFPB) and also the Better Business Bureau (BBB).
The majority of the complaints are about inaccurate reporting and failing to respond to debt validation requests in concordance with debt collection laws, specifically the violations of the Fair Debt Collection Practices Act.
Dealing with Palisades Collection LLC
Your credit score is similar to your grade point average from your school days. Even if you are doing well now, one negative mark can drag down your score for a while.
That’s why it is important to get any collection accounts removed from your credit score entirely so that you can get your credit score and financial goals back on track.
If you are interested in more tips to improve your credit score, be sure to check out some of our most popular articles. Financial freedom is within your reach.
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