Has Credit Control Contacted You For A Debt They Claim You Owe Them?

Credit Control, LLC is a  licensed provider of receivables management services founded in 1989. According to the company’s website, www.credit-control.com, Credit Control offers recovery solutions that cover most aspects of their clients’ customer care and account delinquency life cycles. Credit Control is located at 5757 Phantom Drive, Suite 330, Hazelwood, MO 63042 and can be reached at 314-442-7400.

Who Is Credit Control?

Credit Control is a third-party debt collection agency. They’re a certified business and a member of the Association of Credit and Collection Professionals (ACA). Acting as a third party, they help businesses collect money owed to them or their clients. They specialize in collecting unpaid debts, including those related to healthcare, mortgages/foreclosure, credit cards, and other overdue accounts. Remember, since they are debt collectors, phone calls with them are often recorded.

Can Credit Control Sue You For The Debt That You Owe?

Credit Control, like any other debt collection agency, has the legal right to pursue legal action to recover a debt you owe. If you fail to address the outstanding debt, Credit Control may choose to file a lawsuit against you to obtain a court judgment. If the court rules in their favor, it could result in various consequences, such as wage garnishment, bank account levies, or liens on your property.

It’s essential to note that you have legal rights and options in such situations. You can respond to a lawsuit, seek legal advice, and explore potential alternatives, such as negotiating a settlement. Consulting with an experienced debt relief firm can provide guidance tailored to your specific circumstances and help you navigate the legal process. It’s crucial to address any legal notices or summons promptly to avoid default judgments and their associated consequences.

Can A Settlement Be Reached With Credit Control?

Yes, it’s possible to reach a settlement with Credit Control, and engaging the services of a debt relief firm can be a helpful strategy in this process. Debt relief firms are experienced in negotiating with creditors and debt collection agencies, including Credit Control, to achieve more favorable terms for the debtor.

Here’s a general outline of how the process may work:

1. Consultation:
   • You’ll typically start by having a consultation with the debt relief firm. During this consultation, you’ll provide details about your financial situation, the debt owed to Credit Control, and any challenges you’re facing.
2. Document Review:
   • The debt relief firm will review relevant documents, including the debt amount, terms, and any communications from Credit Control.
3. Negotiation Strategy:
   • Based on the information gathered, the debt relief firm will develop a negotiation strategy. This may involve proposing a lump-sum settlement for a reduced amount or negotiating more favorable repayment terms.
4. Communication with Credit Control:
   • The debt relief firm will initiate communication with Credit Control on your behalf. They will present your proposed settlement and negotiate with the aim of reaching a mutually agreeable resolution.
5. Settlement Agreement:
   • If a settlement is reached, the terms will be documented in a settlement agreement. This agreement typically outlines the reduced amount to be paid and any other agreed-upon terms.
6. Payment Arrangements:
   • Depending on the settlement terms, you may be required to make a lump-sum payment or agree to a structured payment plan.
7. Completion of Settlement:
   • Once you fulfill the terms of the settlement agreement, Credit Control should consider the debt resolved, and any remaining obligations would be fulfilled.

Engaging a debt relief firm can bring expertise and negotiation skills to the table, potentially increasing the likelihood of reaching a favorable settlement with Credit Control. However, it’s important to choose a reputable and experienced debt relief firm, and it’s advisable to consult with legal professionals to ensure that the settlement terms are in your best interest.

Have You Been Contacted By Credit Control About A Debt That You Owe?

If you received a call or a letter from Credit Control about a debt, you might be wondering what to do. At CuraDebt, we have over 23 years of combined experience in dealing with debts. We know how to work with collection agencies like Credit Control and can help you figure out the best way to handle the situation.

Get Help Today

CuraDebt has effective plans to make a deal that benefits both your business and creditors, like  Credit Control. We aim to save you time and money, prioritizing your needs without pressuring you to take on more debt. Our approach is an alternative to bankruptcy, creating a path toward a healthier financial future for your business. As of May 2023, CuraDebt earned a perfect 5 out of 5 score on CustomerLobby based on 1179 customer views. We are an Accredited Member of the American Fair Credit Council. Contact us toll-free today for a free consultation at 1-877-850-3328. We not only handle personal debt relief but also offer business debt relief and tax debt relief.