What is a Third Party Debt Collector?
A debt buyer is a company that purchases bad debt from another company. For instance DBxxx, may buy a debt from a defaulted credit card from a credit card issuer like Synchrony Bank. DBxxx has “stepped into the shoes” of the original credit card issuer. They have the right to collect on the debt they bought. DBxxx is purchasing the debt for pennies on the dollar in hopes that they can eventually collect more than what they paid and make a profit. Not only do they often report to the credit report they may file lawsuits to collect the debt. But debt buyers still have obligations they must adhere to and abide by the law.
Things to remember about debt buyers:
- Creditors have the right to sell debt to DBxxx
- DBxxx has the right to try to collect on the debt they purchased
- DBxxx often files lawsuits to try to collect on their debt.
- Whether DBxxx is reporting on your credit report or not, they can file a lawsuit as long as they file it within your states statute of limitations.
Have you been sued by DBxxx? Get Free Advice or Hire an Attorney
More about Debt Buyers and the collection process
Who is DBxxx?
DBxxx is a debt buyer that purchases debt to try to make a profit.
How to remove DBxxx from your credit report?
DBxxx can stay on your credit report for up to 7 years whether you pay it or not. As long as they report to your credit report they may lower your credit score. Sometimes when you pay a debt buyer it can lower your credit score even more. Learn more | Will paying a debt collector lower my credit score?
While you can always dispute inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from the credit bureaus, sometimes it is best to have a credit repair professional assist you. Xpert Credit Repair does not charge you until DBxxx is removed.
Call (866) 672-9737 or setup a free consultation with Xpert Credit Repair
Xpert Credit Repair is a Delete Then Pay™ credit repair company. Clients pay for success because they are invoiced for the deletions or removal of items from the credit report after they occur. We refer debt settlement and FDCPA / FCRA violations to consumer credit attorneys.
DBxxx can be removed from a credit report in one of 3 ways
- Send a dispute directly to DBxxx challenging the account. Learn More
- Send a dispute to the credit bureau that is reporting DBxxx Learn More
- Hire Xpert Credit Repair to assist you.
How to contact DBxxx?
[Street] [City] [State] [Zip Code] [Phone] [Email] [Website]
DBxxx Complaints
DBxxx has numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with a debt collection agency, you should also consider filing a complaint.
File a Consumer Financial Protection Bureau (CFPB) Complaint
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA).
Your have rights when DBxxx is trying to collect money
A debt buyer like DBxxx is a debt collector and must abide by the Fair Debt Collection Practices Act (FDCPA). This act prevents abusive debt collection tactics or deceptive tactics to collect any debt. Specifically:
- It is a violation of federal law for DBxxx to report inaccurate or incomplete information on your credit report.
- Debt validation. Under the FDCPA, you have the right to validate a debt. Upon request, the collection agency reporting the information must prove to you, within 30 days, the name, address, and account number of the original creditor.
- Personal debts are covered, including personal credit cards, auto loans, household bills, and mortgage payments.
- DBxxx may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- DBxxx must be honest about who they are and what they are trying to do. They must notify you that they are a collection agency both orally and in writing.
- DBxxx cannot threaten to have you arrested, and they are not allowed to threaten to take legal action if they have no intention of doing so.
- DBxxx must call during certain hours of the day. They can not call before 8:00 am and after 9:00 pm in your time zone.
Why choose Xpert Credit Repair?
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Law Firm Alternative | Credit Repair Alternative | |
|---|---|---|---|
| Price | We charge a credit analysis fee after it is received. We invoice you for the removed items after they occur. | $90 - $149 /month | $99 /month Expensive Setup Fee |
| Dispute Methodology |
|
Dispute directly the credit Bureaus (not on their letter head) Dispute with the creditors if you pay more. | Write letters in clients name to the credit bureaus |
| Client Obligations | All documentation comes to us. You do not have to give us your mail | You need to give them your mail. | You need to give them your mail. |
| Attorney Referral | We refer to clients to a Consumer Credit Attorney (See Who) | They may not handle FDCPA / FCRA violations | No |
| Guarantee | 100% Money back guarantee of all money paid to us if we do not remove any negative items in 90 days (Guarantee Details) | None | Money back guarantee |
| Reputation |
|
No Association Affiliation | No Association Affiliation |
Contact us today about DBxxx
Removing DBxxx can be an important part of the credit repair process. Making sure your credit report is accurate and verifiable can help you achieve the highest credit scores possible. Negative information can damage your credit score if it remains on your credit report.