Who is FEDChex Recovery?
FEDChex Recovery, LLC is a debt collection agency based in Foothill Ranch, California. They provide services aimed at recovering owed money on behalf of their clients.
If you see FEDChex Recovery on your credit report, it’s likely due to an unpaid bill or a financial obligation that’s past due.
Who does FEDChex Recovery collect for?
FEDChex Recovery primarily collects for businesses involved in payment processing and check verification. This typically involves managing and collecting debts arising from bounced checks, insufficient funds incidents, or other check-related payment issues. Their clients could be a wide range of businesses that rely on check payments from customers.
Is FEDChex Recovery legit or a scam?
FEDChex Recovery, LLC is a legitimate company. However, their collection practices may involve repeated phone calls, text messages, or emails in their attempts to recover debts.
How can I remove FEDChex Recovery 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.)
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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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FEDChex Recovery Contact Information
27042 Towne Centre Drive, Suite 150
Foothill Ranch, CA 92610
Phone number: (800) 992-6713
Should I contact or pay FEDChex 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 debt, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with FEDChex is to work with a credit repair professional. They help remove millions of negative items every year from companies like FEDChex on behalf of their clients.
Will FEDChex Recovery sue me or garnish my wages?
FEDChex Recovery, LLC is entitled to sue you in court if you fail to pay a legitimate debt. If they decide to take legal action and they successfully obtain a court judgment against you, they may then have the ability to garnish your wages or levy your bank account, subject to your state’s laws.
However, it’s important to understand that suing a debtor is often seen as a last resort by many collection agencies. The process can be costly and time-consuming, and they may prefer to work out a payment plan or debt settlement agreement with you.
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 FEDChex Recovery
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 FEDChex 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.
- FEDChex Recovery may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- FEDChex 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.
- FEDChex Recovery cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove FEDChex Recovery From Your Credit Report Today!
Credit Saint can assist you in disputing FEDChex Recovery collection 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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