Who is Autovest LLC?
Autovest LLC, also known as Autovest Financial Services, LLC, is a debt collection agency based in Southfield, Michigan. They are known for their specialization in recovering auto loan debt.
If Autovest is mentioned on your credit report as a collection account, this likely means you have an unpaid auto loan debt that has been transferred to them for collection.
Who does Autovest LLC collect for?
Autovest LLC is a debt buyer who buys consumer loan portfolios from banks and auto finance companies. Once Autovest acquires these debts, they attempt to collect the outstanding balances directly or through third-party collection agencies. Their focus is often on recovering money from defaulted auto loans, making them a familiar name in cases involving vehicle repossessions or unpaid car financing.
Is Autovest LLC legit or a scam?
Autovest LLC is a legitimate debt collection company. While they are authorized to collect debts, it’s always a good idea to confirm the validity of any claims. Request a written debt verification to ensure the debt is accurate and still eligible for collection before making any payments.
How can I remove Autovest 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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Autovest LLC Contact Information
Address:
Autovest LLC
26261 Evergreen Rd, Suite 390
Southfield, MI 48076
Phone number: (800) 221-8160
Should I contact or pay Autovest LLC?
Before contacting a debt collector, 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 Credit reports can contain errors or list debts that are no longer valid.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 Autovest LLC is to work with a credit repair professional. They help remove millions of negative items every year from companies like Autovest on behalf of their clients.
Will Autovest LLC sue me or garnish my wages?
As a debt collection agency, Autovest LLC does have the legal ability to sue you for an unpaid debt. If they win the lawsuit, they could potentially obtain a court judgment against you. Depending on the laws in your state, this judgment could lead to wage garnishment, a lien against your property, or a levy on your bank account.
However, remember that initiating legal action is generally seen as a last resort for debt collection agencies. It’s a costly and time-consuming process. Before resorting to a lawsuit, they will typically attempt to resolve the debt through direct communication with you, offering settlement options or a repayment plan.
Autovest LLC Complaints
Many collection agencies have numerous complaints filed 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 are being harassed, 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 Autovest LLC
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Autovest 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.
- Autovest LLC cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Autovest LLC 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.
- Autovest LLC cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Autovest LLC From Your Credit Report Today!
Credit Saint offers assistance with disputing Autovest 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.
