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The personal finance journey can be fraught with financial setbacks, especially within the current global pandemic, COVID.
Whether you forgot to pay a credit card debt or didn’t have the money for loan repayment, your unpaid debt will be shopped around and bought by a debt collection agency.
If you have heard from a debt collector called Rausch Sturm Israel Enerson & Hornik LLP, you are probably being pursued for an old debt.
You have also probably seen them appear on your credit report as a collections account. Again, Rausch Sturm has been hired by your original creditor to collect the debt on their behalf.
You won’t stop hearing from them until you pay them or remove their account from your credit report as reported by the three major credit reporting agencies in the United States in another way.
Collections accounts are bad news for your credit score and can damage it for up to seven years. Collections can even impact your score even after you’ve paid the debt.
The only way to prevent Rausch Sturm collections or RSIEH from wreaking havoc on your credit score is to remove their account from your credit report entirely.
While it is a pain to deal with debt collectors, it is better to deal with them head-on than procrastinating.
For an in-depth guide on Rausch Sturm and how to get rid of their account on your credit report, check out our article below.
As a general disclaimer, the information within this article is not a substitute for legal advice. Please seek out a law firm to retain legal services should your situation warrant it.
What is Rausch Sturm?
Originally founded in 2008, Rausch Sturm is a medium-sized debt collection agency out of Brookfield, Wisconsin.
They collect loans for the original creditor issuers like auto lenders, banks, commercial lenders, credit unions, credit card issues, student loans, telecommunications, and utility providers. Though their headquarters in Wisconsin, people report dealing with them in several states, including Colorado.
Most people that deal with Rausch Sturm are desperate to know if they are a genuine enterprise verses a scam.
Rausch Sturm is indeed a legitimate business, but they do not have a pleasant reputation among their customers.
They have had 192 complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and about 44 filed with the Better Business Bureau (BBB).
These complaints are mainly for harassment, inaccurate reporting, and failure to verify a debt. The most common fear and question asked is, “Can Rausch Sturm bring a default judgment against me, sue me, or pursue wage garnishment?” In fact, they can freeze your bank account or checking account until the debt is repaid.
If you find that you face similar issues with Rausch Sturm, you may consider filing a complaint as well.
Steps to Remove Rausch Sturm from Your Credit Report
Getting a collection account removed isn’t easy, but there are some simple steps that you can take to maximize your chances of getting the account taken off your credit report.
These are the essential steps to take when dealing with a Rausch Sturm collection whether you’re a full time college student or 9-5 worker.
- Communicate in Writing
- Verify the Debt
- Pay for Delete
- Hire a Professional
Get Everything in Writing
Debt collectors are notorious for saying one thing and then turning around and doing the opposite.
This has to do with the fact that they are typically talking to you over the phone, and it is difficult to hold them accountable for things said over a phone call.
That is why it is crucial for you to get all of your communications with Rausch Sturm in writing.
Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request that Rausch Sturm communicates with you strictly through U.S. mail.
This can do a number of things for you, such as preventing constant harassment or abuse and holding Rausch Sturm accountable for their communications.
You should hang onto everything you receive from Rausch Sturm over the course of this process in case you need to refer to it later on.
Next time Rausch Sturm calls you, specifically request that all further communication be carried out through U.S. mail.
If they refuse or begin to argue with you, tell them that they are in violation of the FDCPA and hang up.
You should begin to receive all communication through the mail.
If they continue to call you, you can let them know that you intend to file a complaint with the Consumer Financial Protection Bureau (CFPB) if they do not comply with your request.
Verify the Debt Information
Your next step is the most time-sensitive step in the entire process: validating the debt information.
Requesting debt validation means that you are asking Rausch Sturm to prove that the debt belongs to you.
You have the right to do this under the FDCPA, so a company must comply with your request.
The rub here is that most companies only allow you to do this within 30 days of the first contact, so it is crucial that you do this as soon as you can.
Verifying the debt information can open the door to finding potential errors in reporting, which can allow you to get out of paying the debt entirely.
To formally request debt validation, you will need to send Rausch Sturm a debt validation letter, preferably through certified mail.
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This is a letter that asks them to verify specific pieces of information, such as the date, owner, and amount of the debt.
After you send the debt validation letter, the managing attorney with Rausch Sturm should return with documents that prove the debt belongs to you.
Be sure to look over these documents and check for any inaccurate information.
If you find anything that seems off, you can file a dispute with the three major credit bureaus.
The credit bureaus will follow up with Rausch Sturm directly and will remove the account if they deem it inaccurate.
If the account is removed in this way, you can get out of paying the debt altogether.
Make a Pay-For-Delete Agreement
If you are unable to get the collection account removed on a technicality, you can try to negotiate a pay-for-delete agreement with Rausch Sturm.
A pay-for delete agreement is when Rausch Sturm agrees to stop reporting the debt to major credit bureaus in exchange for payment.
Most people don’t know that they can get away with paying less than the full amount of the debt, which is why it’s important to negotiate payments with the debt collector.
You will likely get some pushback, but you can save a few bucks if you handle the situation correctly.
Begin by offering to pay Rausch Sturm half of the total amount of the debt.
They are likely going to refuse, so you will need to go back and forth with them until you reach a compromise or monthly payment schedule.
In accordance with the first rule, tell them that you will need a clearly written agreement that states the terms before you make payment.
Once you receive and review this document, you are good to make your first payment.
Check your credit report 30 days after you make your payment. You should find that Rausch Sturm no longer appears on your credit report.
If they do, you will need to reach back out to them and remind them of the terms of the agreement.
Let them know that they need to delete your file number and account before you make your next payment.
Get a Free Copy of Your Credit Report
Work with a Professional
If you are still having trouble deleting the account, you should consider working with a credit repair company to help you negotiate with Rausch Sturm and delete the account.
A credit repair company helps customers get rid of any dings on their credit report so that they can begin rebuilding their credit.
When you work with a credit repair company, it is possible that you may never have to speak to Rausch Sturm again.
The credit repair company will handle all of the negotiations so that you can focus on other endeavors.
It is important to work with a reputable credit repair company, which is why I like to recommend Credit Saint or Lexington Law to people seeking a professional’s assistance.
With years of experience, they have helped customers remove over 10 million negative accounts from their credit reports.
They will help you dispute the debt and possibly get it removed entirely.
It is possible that they may be able to help you remove other negative marks from your credit report, such as charge offs, late payments, and repossessions.
Their assistance can help you clean up your credit report and begin to rebuild your credit score.
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Rausch Sturm Contact Information
Here is their most recent contact information:
- Address: 250 N. Sunnyslope Road Ste 300, Brookfield, WI 53005
- Phone Number: (866) 456-3744
- Website: www.rauschsturm.com
Dealing with Rausch Sturm
Rebuilding your credit score isn’t an easy task, but it is certainly worth it. One of the essential first steps to take when embarking on a credit rebuilding journey is to clean up your credit report.
There may be entries on your credit report that are dragging down your whole score.
By following the steps above, you can remove these collections accounts and get your credit score back on track.
If you are looking for more information on how to boost your credit score, be sure to check out some of our popular articles.
Make this year the year that you achieve your goals and invest in your financial future.
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