Who is Lloyd & McDaniel, PLC?
Lloyd & McDaniel, PLC is a debt collection agency and creditors’ rights law firm located in Louisville, Kentucky. Their work involves helping businesses recover outstanding debts.
If you’ve overlooked a bill payment, such as a credit card or a utility bill, and it’s been sent to collections, you might find Lloyd & McDaniel’s name listed on your credit report as a collections account.
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. 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 Lloyd & McDaniel from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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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.
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.
Will Lloyd & McDaniel, PLC sue me or garnish my wages?
Lloyd & McDaniel, PLC might choose to take legal action if necessary. Suing a debtor is usually seen as a last resort when all other attempts to collect the debt have failed. If they win a lawsuit against you, they may be able to garnish your wages, seize funds from your bank accounts, or put a lien on your property to recover the debt.
However, these measures are typically used as a last resort due to the cost and time involved in legal proceedings. They are also often contingent upon your financial situation and the local and state laws governing debt collection where you live.
Lloyd & McDaniel, PLC Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, 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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Lloyd & McDaniel, PLC
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Lloyd & McDaniel, PLC 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. They have 30 days to prove the debt is yours and the amount is accurate.
- Lloyd & McDaniel, PLC cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Lloyd & McDaniel, PLC must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- Lloyd & McDaniel, PLC cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Lloyd & McDaniel Collections From Your Credit Report Today!
Credit Saint offers assistance with disputing Lloyd & McDaniel collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
