Who is Fair Collections & Outsourcing?
Fair Collections & Outsourcing, Inc. (FCO) is a debt collection agency headquartered in Beltsville, Maryland. They function to pursue the payment of debts owed by individuals or businesses.
If you find FCO listed on your credit report, it typically implies that you have an outstanding payment. This could be a result of unpaid bills that have been forwarded to them for collection by the original creditor.
Who does Fair Collections & Outsourcing collect for?
Fair Collections & Outsourcing provides its services to a diverse range of clients. They have a particular emphasis on collecting student accounts, student housing accounts, military housing accounts, senior or assisted living accounts, as well as commercial property collections.
Is Fair Collections & Outsourcing legit or a scam?
Fair Collections & Outsourcing is a legitimate company. They are legally 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 Fair Collections & Outsourcing 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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Fair Collections and Outsourcing (FCO) Contact Information
Address:
Fair Collections and Outsourcing
12304 Baltimore Ave Suite E
Beltsville, MD 20705
Phone number: (877) 324-7265 or (877) 324-7959
Should I contact or pay Fair Collections & Outsourcing?
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 Credit reports can contain errors or list debts that are no longer valid.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 Fair Collections & Outsourcing is to work with a credit repair professional. They help remove millions of negative items every year from companies like Fair Collections & Outsourcing on behalf of their clients.
Will Fair Collections and Outsourcing sue me or garnish my wages?
Fair Collections & Outsourcing (FCO) could potentially sue you if you have a significant outstanding debt that you haven’t paid, and all their attempts to collect it have been unsuccessful. If FCO sues you and obtains a court judgment against you, they may have the ability to garnish your wages or levy your bank account, depending on the laws in your specific state.
However, the process of suing a debtor is often considered a last resort due to its costliness and time-consuming nature. Therefore, FCO would likely attempt to establish a payment plan or settlement with you before considering legal action.
Fair Collections and Outsourcing 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 Fair Collections and Outsourcing
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 Fair Collections and Outsourcing 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.
- Fair Collections and Outsourcing cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Fair Collections and Outsourcing 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.
- Fair Collections and Outsourcing cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Fair Collections and Outsourcing From Your Credit Report Today!
Credit Saint offers assistance with disputing Fair Collections and Outsourcing collections. 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.
