Lloyd & McDaniel

Updated

Is Lloyd & McDaniel hurting your credit score?

Schedule a free credit consultation to find out how you can eliminate inaccurate and questionable negative information from your credit report.

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 stay on your credit report for up to seven years, even if you pay them. Paying the collection might even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(Though debt collectors may not want this 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 assist people in getting their credit back on track.

They can help challenge inaccurate, unfair, or unsubstantiated information on your credit report, including collections, inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Get started on the path to better credit today: Fill out the form for a free credit consultation.

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 can help you dispute Lloyd & McDaniel collection accounts. With over 15 years of experience, they have a proven track record of removing incorrect entries for many clients.

If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.

They have helped many people in your situation. Fill out the form on their website or call (855) 281-1510 for a free credit consultation to see what they can do for you.

Ready to Repair Your Credit?

Learn how to get help disputing errors on your credit report that could be hurting your credit score.

Crediful
Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.