Cornerstone Credit Services

Who is Cornerstone Credit Services?

Cornerstone Credit Services, LLC, based in Anchorage, Alaska, is a debt collection agency that operates by collecting outstanding debts on behalf of various businesses and organizations. It’s also a registered Independent Sales Organization (ISO) of Wells Fargo Bank, NA

If you see Cornerstone Credit Services on your credit report it implies that they have taken over collection proceedings for an unpaid debt that you owe.

Who does Cornerstone Credit Services collect for?

Cornerstone Credit Services exhibits a wide scope of operations, providing debt collection services for an array of sectors. They recover overdue debts for financial institutions such as banks and credit unions, healthcare organizations like hospitals and medical clinics, hospitality businesses including hotels and restaurants, petroleum stations, retail merchants, supermarkets, and utility companies.

Is Cornerstone Credit Services legit or a scam?

Cornerstone Credit Services is a legitimate 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 Cornerstone Credit Services from my credit report?

Cornerstone 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.)

Professional credit repair services work with people who want to get their credit back on track.

In addition to collections, they can help 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.

Cornerstone Credit Services, LLC Contact Information

Address:

Cornerstone Credit Services, LLC
1835 Bragaw St Ste 500
Anchorage, AK 99508-3488

Phone number: (877) 375-8100 or (907) 770-8100

Should I contact or pay Cornerstone Credit Services?

Before contacting a third-party collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.

The most effective way to deal with Cornerstone Credit is to work with a credit repair professional. They help remove millions of negative items every year from companies like Cornerstone Credit on behalf of their clients.

Will Cornerstone Credit Services sue me or garnish my wages?

Cornerstone Credit Services has the potential to take legal action against you if you have unpaid debts. This could lead to a lawsuit, and if they secure a court judgment against you, they could garnish your wages, seize funds from your bank account, or possibly place a lien on your property.

However, the decision to take legal action is usually a last resort for many collection agencies as legal proceedings can be costly and time-consuming. They are likely to attempt several other methods of debt collection first, such as phone calls, letters, and payment plans.

Cornerstone Credit Services, LLC 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 Cornerstone Credit Services

Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it 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 Cornerstone Credit 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.
• Cornerstone Credit Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
• Cornerstone Credit 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.
• Cornerstone Credit Services cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove Cornerstone Credit From Your Credit Report Today!

Credit Saint can assist you in disputing Cornerstone Credit accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.

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 or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.