Who is CU Recovery?
CU Recovery, along with The Loan Service Center, Inc., are debt collection agencies based in Wyoming, Minnesota. These organizations operate within the realm of credit recovery, with CU Recovery functioning as a third-party collection agency and The Loan Service Center acting as a first-party collection agency.
When either of these companies appears on your credit report, it typically signifies that a debt you owe has been forwarded to them for collection. This usually happens when a bill or debt remains unpaid for a significant period.
Who does CU Recovery collect for?
CU Recovery focuses on debt recovery specifically for credit unions. They handle collections for a range of unpaid obligations, including credit card debt, car loans, personal loans, and other forms of credit extended by credit unions.
Is CU Recovery legit or a scam?
CU Recovery is a legitimate debt collection company that operates in accordance with federal and state laws regulating the debt collection industry. That said, their collection practices may sometimes be viewed as overly aggressive, as they may frequently call, text, or email you in an effort to recover the owed debt.
How can I remove CU Recovery Collections 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.
CU Recovery, Inc. & The Loan Service Center, Inc. Contact Information
CU Recovery & The Loan Service Center
26263 Forest Blvd
Wyoming, MN 55092
Phone number: (800) 377-1798
Should I contact or pay CU Recovery?
It’s best to avoid speaking to a 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 CU Recovery is to work with a credit repair professional. They help remove millions of negative items every year from companies like CU Recovery on behalf of their clients.
Will CU Recovery sue me or garnish my wages?
CU Recovery does have the legal right to file a lawsuit against you for unpaid debts. If they win a judgment against you in court, depending on the laws in your state, they might have the ability to garnish your wages to repay the debt.
However, it’s important to note that suing is often a last resort for most collection agencies due to the cost and time involved. Typically, CU Recovery will attempt to collect the debt through standard collection practices, such as phone calls, letters, or payment plans, before proceeding with a lawsuit.
CU Recovery 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 CU Recovery
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 CU Recovery 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.
- CU Recovery may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- CU Recovery 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.
- CU Recovery cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove CU Recovery From Your Credit Report Today!
Lexington Law can assist you in disputing CU Recovery 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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