Who is Capital Management Services, LP?
Capital Management Services, LP (CMS) is a third-party debt collection agency based in Buffalo, New York. Their business involves collecting debts on behalf of other entities.
If you see CMS listed on your credit report, it generally means they have been assigned or have purchased a debt that you allegedly owe. This usually occurs when you’ve defaulted on a payment, and the original creditor has transferred or sold the debt to a collection agency like CMS for recovery.
Who does Capital Management Services collect for?
Capital Management Services primarily focuses on collecting defaulted credit card debt and student loans. They work on behalf of major financial institutions such as Capital One, Citibank, Discover Bank, among others.
Is Capital Management Services legit or a scam?
Despite their persistent and sometimes aggressive communication methods, Capital Management Services is a legitimate company. They operate within the guidelines set by federal laws like the Fair Debt Collection Practices Act (FDCPA). These methods may involve repeated phone calls, texts, or emails, which can be perceived as spam or even harassment.
How can I remove Capital Management Services from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
Ready to Raise Your Credit Score?
Some clients have raised their credit scores
by 100 points* or more.
Lexington Law is a professional credit repair law firm that works with people who want to fix their credit.
In addition to collections, they can work with you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
Capital Management Services, LP (CMS) Contact Information
Capital Management Services
698 1/2 S Ogden St.
Buffalo, NY 14206
Phone number: (716) 871-9050 or (800) 457-8220
Should I contact or pay Capital Management Services?
It’s best to avoid speaking to a debt collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with Capital Management Services is to work with a credit repair professional. They help remove millions of negative items every year from companies like Capital Management Services, L.P. on behalf of their clients.
Will Capital Management Services sue me or garnish my wages?
It’s possible for a debt collection agency like Capital Management Services to sue for unpaid debts, but it’s generally considered a last resort due to the time and cost involved. If they choose to sue and they win a judgment against you, they could potentially garnish your wages, depending on the laws in your state.
Capital Management Services, LP Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, 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 the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Capital Management Services
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for Capital Management Services 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Capital Management Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Capital Management Services must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- Capital Management Services cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Capital Management Services From Your Credit Report Today!
Lexington Law can assist you in disputing Capital Management Services accounts. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website for a free credit consultation to see what they can do for you.
Ready to Repair Your Credit?
Some clients have raised their credit scores
by 100 points* or more.
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