Who is Credit Management LP?
Credit Management LP, also known as The CMI Group, is a debt collection agency based in Plano, Texas, with additional locations in Coppell and Dallas. Their role is to pursue unpaid debts on behalf of their clients, acting as a link between creditors and debtors.
If Credit Management LP appears on your credit report as a collections account—possibly under ‘credit mgmt’—it typically indicates that you have an unresolved debt. This situation can arise from numerous circumstances, such as an unpaid bill or a debt that has been overlooked or disputed.
Who does Credit Management LP collect for?
Credit Management LP specializes in collecting debts on behalf of major telecommunications companies such as Comcast and Time Warner.
Is Credit Management LP legit or a scam?
Credit Management LP 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 Credit Management LP from my credit report?
Credit Management 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.)
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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.
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Credit Management LP Contact Information
Credit Management LP
6080 Tennyson Pkwy Suite 100
Plano, TX 75024
Credit Management LP
PO Box 118288
Carrollton, TX 75011
Phone number: (800) 377-7713, (800) 377-7723, or (800) 377-7789
Should I contact or pay Credit Management LP?
It’s best to avoid speaking to a debt collector 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 Credit Management LP is to work with a credit repair professional. They help remove millions of negative items every year from companies like Credit Management LP on behalf of their clients.
Will Credit Management LP sue me or garnish my wages?
Credit Management LP, like other debt collection agencies, does have the legal right to sue you for an unpaid debt. If they win a lawsuit against you, they may receive a judgment. This could allow them to garnish your wages or levy your bank account. However, the specific actions allowed will depend on your state’s laws.
However, remember that lawsuits are generally considered a last resort for debt collection. They are costly and time-consuming, and most debt collection agencies would rather work out a payment plan or a settlement agreement with you directly instead of going to court.
Credit Management 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 Credit Management LP
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 Credit Management LP 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.
- Credit Management LP may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Credit Management LP 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.
- Credit Management LP cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Credit Management LP From Your Credit Report Today!
Credit Saint can assist you in disputing Credit Management LP 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.
Ready to Repair Your Credit?
Learn how to get help disputing errors on your credit report that could be hurting your credit score.
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