Is Olympic Collection, Inc. Hurting Your Credit?

Who is Olympic Collection?

Olympic Collection, Inc. is a professional debt collection agency based in Tukwila, Washington. It’s engaged in the business of assisting creditors in collecting unpaid debts from individuals who have fallen behind on their payments.

If Olympic Collection appears on your credit report, it indicates that they’ve been assigned or have purchased a debt that you owe, which has been reported to the credit bureaus due to non-payment.

Who does Olympic Collection collect for?

Olympic Collection serves a broad range of original creditors by specializing in the recovery of past-due debts. Their clientele could include credit card companies, banks, retail businesses, healthcare providers, utility companies, and other entities that extend credit or have bills that have gone unpaid.

Is Olympic Collection legit or a scam?

Olympic Collection, Inc. is a legitimate debt collection company. They may employ persistent methods of contact, such as repeated calls, texts, or emails, to collect on a debt. However, these practices are generally within their rights under the FDCPA, provided they do not harass, oppress, or abuse any person in connection with the collection of a debt.

How can I remove Olympic Collections 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.

Olympic Collection, Inc. Contact Information

Address:

Olympic Collection, Inc.
16040 Christensen Rd Ste 214
Tukwila, WA 98188

Phone number: (800) 891-1054

Should I contact or pay Olympic Collection?

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 Credit reports can contain errors or list debts that are no longer valid.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 Olympic Collection is to work with a credit repair professional. They help remove millions of negative items every year from companies like Olympic Collection, Inc. on behalf of their clients.

Will Olympic Collection sue me or garnish my wages?

Olympic Collection is legally entitled to sue for unpaid debts. If they file a lawsuit and win a judgment against you, depending on the laws in your state, they could potentially have the right to garnish your wages.

However, it’s important to note that most debt collection agencies view lawsuits as a last resort due to the costs and time associated with legal proceedings. Olympic Collection will likely attempt to recover the debt through other means, such as phone calls, letters, and negotiating payment plans, before proceeding to legal action.

Olympic Collection, Inc. 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 Olympic Collection, Inc.

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 Olympic Collection 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.
• Olympic Collection cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
• Olympic Collection 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.
• Olympic Collection cannot threaten to have you arrested or imprisoned for unpaid debts.

Remove Olympic Collection From Your Credit Report Today!

Credit Saint offers assistance with disputing Olympic 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.