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?
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?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Professional credit repair services work with people who want to get their credit back on track.
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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Lloyd & McDaniel, PLC Contact Information
Lloyd & McDaniel, PLC
700 N Hurstbourne Pkwy Suite 200
Louisville, KY 40222
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.
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
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 Lloyd & McDaniel, PLC
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 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. 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!
Credit Saint can assist you in disputing Lloyd & McDaniel 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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