If Lloyd & McDaniel, PLC is listed on your credit report, it likely means you have a debt that’s been turned over to collections. Here’s what that means for your credit—and how to work toward getting it removed.
Who Is Lloyd & McDaniel, PLC?
Lloyd & McDaniel is a debt collection agency and creditors’ rights law firm based in Louisville, Kentucky. They help businesses recover outstanding debts, which can result in a collection account appearing on your credit report.
If you’ve missed payments on a credit card, loan, or other account, the original creditor may hire Lloyd & McDaniel to pursue collection efforts.
Who Does Lloyd & McDaniel Collect For?
Lloyd & McDaniel collects debts for:
- National and regional banks
- Financial institutions
- Other debt buyers
- Commercial and consumer lenders
In many cases, they are hired to recover unpaid loans, credit card balances, or other consumer debts.
Is Lloyd & McDaniel a Scam?
Lloyd & McDaniel, PLC is a legitimate law firm and debt collection company. They are authorized to collect debts for their clients. That said, always verify the details of the debt before making payments, as incorrect or outdated information can appear on your credit report.
How to Remove Lloyd & McDaniel From Your Credit Report
Collection accounts can remain on your credit report for up to seven years and lower your credit score. But you have options to address them:
- Dispute inaccurate information: If the account is incorrect, dispute it with the credit bureaus.
- Request debt validation: You can ask Lloyd & McDaniel to prove the debt is yours and confirm the amount.
- Negotiate a pay-for-delete: Some collectors may agree to remove the account if you settle the debt. Always get written confirmation.
- Work with a credit repair company: Credit experts can help challenge negative items and review your credit report for errors.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Should You Contact or Pay Lloyd & McDaniel?
Before contacting them, make sure the debt is valid and within the statute of limitations. Making payments on old debts can sometimes restart the reporting period, which may hurt your credit.
Many people choose to work with credit repair professionals to avoid mistakes when dealing with collection accounts.
Can Lloyd & McDaniel Sue or Garnish Wages?
Lloyd & McDaniel has the legal right to sue for unpaid debts. If they win a court judgment, they may be able to garnish wages, seize funds from your bank account, or place a lien on your property, depending on your state’s laws.
That said, legal action is typically a last resort. Most collection agencies attempt to resolve debts through payment plans or settlements before pursuing lawsuits.
Lloyd & McDaniel Contact Information
Physical Address:
Lloyd & McDaniel, PLC
700 N Hurstbourne Parkway, Suite 200
Louisville, KY 40222
Mailing Address:
P.O. Box 23200
Louisville, KY 40222
Phone: (866) 548-2486
Complaints About Lloyd & McDaniel
Many collection agencies have complaints filed with the Consumer Financial Protection Bureau and Better Business Bureau. Common complaints include:
- Incorrect information on credit reports
- Harassment or repeated phone calls
- Failure to validate debts
If your rights are being violated, you can submit a complaint to the CFPB or the BBB.
Know Your Rights Under Federal Law
The Fair Credit Reporting Act (FCRA) and Fair Debt Collection Practices Act (FDCPA) protect you when dealing with debt collectors:
- They cannot report false or incomplete information.
- You can request debt validation within 30 days of first contact.
- They cannot harass, threaten, or use abusive language.
- They must clearly identify themselves as a debt collection agency.
- They cannot threaten arrest for unpaid debts.
Get Help With Lloyd & McDaniel Collections
Dealing with collection accounts can be stressful, but you don’t have to handle it alone. Credit Saint has over 15 years of experience helping people dispute inaccurate credit report entries. They even offer a 90-day money-back guarantee for added peace of mind.
Visit their website or call (855) 281-1510 to learn more about how they can assist with your credit challenges.
Brooke Banks is a personal finance writer specializing in credit, debt, and smart money management. She helps readers understand their rights, build better credit, and make confident financial decisions with clear, practical advice.
