Who is Bureau of Medical Economics?
Bureau of Medical Economics (BME) is a debt collection agency located in Phoenix, Arizona. Its primary focus is on medical debt collection, serving the needs of healthcare providers who require assistance in collecting unpaid bills.
If you ever encounter ‘bureau of med economics’ or ‘bur med econ’ on your credit report, it implies that you may have an outstanding bill linked to medical services, which has been forwarded to BME for collection.
Who does Bureau of Medical Economics collect for?
BME is devoted to serving the healthcare sector, primarily collecting consumer debts on behalf of healthcare providers. They work with a range of providers, from private practices to large hospital systems, to manage outstanding debts.
Is Bureau of Medical Economics legit or a scam?
Bureau of Medical Economics is a legitimate debt collection company. They are authorized to collect debts 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 Bureau of Medical Economics 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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Bureau of Medical Economics (BME) Contact Information
Address:
Bureau of Medical Economics
326 E Coronado Rd Ste 205
Phoenix, AZ 85004
Mailing address:
Bureau of Medical Economics
PO Box 20247
Phoenix, AZ 85036-0247
Phone number: (800) 439-8561 or (602) 252-3469
Should I contact or pay Bureau of Medical Economics?
Before contacting a 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 Credit reports can contain errors or list debts that are no longer valid.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 Bureau of Medical Economics is to work with a credit repair professional. They help remove millions of negative items every year from companies like Bureau of Medical Economics on behalf of their clients.
Will Bureau of Medical Economics sue me or garnish my wages?
The actions of the Bureau of Medical Economics or any other debt collection agency will depend on the specifics of your case, local laws, and their own internal policies. Generally, a debt collector could potentially sue for unpaid debts.
If they win the lawsuit and a judgement is made in their favor, wage garnishment might be possible depending on the jurisdiction. However, not all agencies or creditors will choose to go this route, as legal action can be costly and time-consuming.
Bureau of Medical Economics 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 Bureau of Medical Economics
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 Bureau of Medical Economics 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.
- Bureau of Medical Economics cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Bureau of Medical Economics 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.
- Bureau of Medical Economics cannot threaten to have you arrested or imprisoned for unpaid debts.
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