Who is Lloyd & McDaniel, PLC?
Lloyd & McDaniel, PLC is a debt collection agency and creditors’ rights law firm located in Louisville, Kentucky. You may see them listed on your credit report as a collections account.
This can happen if you forgot to pay a credit card or other bill and your account was sent to a debt collector.
Who does Lloyd & McDaniel collect for?
Lloyd & McDaniel is a debt buyer who collects for national and local banks and other financial institutions. They also collect commercial and consumer debt for other debt buyers.
Is Lloyd & McDaniel legit or a scam?
Lloyd & McDaniel is a legitimate company. However, they may repeatedly spam call, text, or email you.
How can I remove Lloyd & McDaniel 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.)
Lexington Law Firm is a credit repair company that helps people fix their credit.
In addition to collections, Lexington Law 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.
Call Lexington Law now to learn more: (800) 220-0084
Lloyd & McDaniel, PLC Contact Information
Address:
Lloyd & McDaniel, PLC
700 N Hurstbourne Pkwy Suite 200
Louisville, KY 40222
Mailing address:
Lloyd & McDaniel, PLC
P.O. Box 23200
Louisville, KY 40222
Phone number: (866) 548-2486
Should I contact or pay Lloyd & McDaniel, PLC?
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 this law firm is to work with a credit repair professional. They help remove millions of negative items every year from companies like Lloyd & McDaniel, PLC on behalf of their clients.
And they may be able to help you too.
Will Lloyd & McDaniel, PLC sue me or garnish my wages?
Lawsuits and wage garnishment are possible, but if you work with a law firm like Lexington Law, you have nothing to worry about. They aid you in disputing the collection account with credit bureaus, with the possibility of having it removed from your credit history. It’s also possible that you never hear from or have to deal with Lloyd & McDaniel, PLC again.
Call Lexington Law to learn how they can help you.
Is Lloyd & McDaniel, PLC hurting my credit score?
Any derogatory item on your credit report, including a collections account, may harm your credit score.
Debt collectors often buy and sell debt from one another. This can lead to multiple collections on your credit report for the same account.
If you don’t dispute each account with the credit bureaus and get them removed, they can damage your credit score.
Lloyd & McDaniel, PLC 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). Lexington Law knows that you have rights, and Lloyd & McDaniel does too.
Your Rights When Dealing with Lloyd & McDaniel, PLC
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 Lloyd & McDaniel, PLC to report inaccurate or incomplete information on your credit report.
- 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.
- Lloyd & McDaniel, PLC may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Lloyd & McDaniel, PLC 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.
- Lloyd & McDaniel, PLC cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Lloyd & McDaniel Collections From Your Credit Report Today!
Lexington Law can assist you in disputing Lloyd & McDaniel collection accounts. They have over 18 years of experience and their clients saw over 6 million removals on their clients in 2021 alone.
If you’re looking for a reputable company to help you with collection accounts and repair your credit, consider working with Lexington Law Firm.
They have helped many people in your situation. Give them a call at (800) 220-0084 for a free credit consultation to see what they can do for you.
