Who is AssetCare?
AssetCare, also known as CF Medical VI, LLC, is a debt collection agency based in Sherman, Texas. They collect on behalf of other businesses, rather than owning the debt themselves.
If you’ve missed or defaulted on payments for a bill, this agency may have been tasked with recouping the funds. When this happens, you could find AssetCare listed on your credit report as a collections account.
Who does AssetCare collect for?
AssetCare is primarily engaged in the recovery of medical debt. They work on behalf of hospitals, clinics, and other medical care providers.
Is AssetCare legit or a scam?
AssetCare LLC is a legitimate debt collection agency. They operate within the legal frameworks governing debt collection and are authorized to collect on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove AssetCare LLC from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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AssetCare LLC Contact Information
Address:
AssetCare LLC
2222 Texoma Parkway, Suite 180
Sherman, TX 75090
Mailing address:
AssetCare LLC
PO Box 1127
Sherman, TX 75091
Phone number: (888) 993-3604
Should I contact or pay AssetCare LLC?
Before contacting a debt collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with AssetCare is to work with a credit repair professional. They help remove millions of negative items every year from companies like AssetCare LLC on behalf of their clients.
Will AssetCare LLC sue me or garnish my wages?
AssetCare does have the ability to sue you for the unpaid debt. If the company decides to take the case to court and wins a judgment against you, they could potentially use various legal means to collect the debt. This could include garnishing your wages or levying your bank account.
However, this typically occurs as a last resort if the debt remains unpaid over a significant period of time and other collection efforts have failed.
AssetCare LLC Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassing phone calls, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with AssetCare LLC
Debt collectors must follow state and federal laws. For example, the FDCPA prohibits a debt collection agency from using abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for AssetCare LLC to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- AssetCare cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- AssetCare must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- AssetCare cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove AssetCare LLC From Your Credit Report Today!
Credit Saint offers assistance with disputing AssetCare LLC accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
