Who is Malcolm S. Gerald and Associates?
Malcolm S. Gerald & Associates, Inc. is a debt collection agency now known as Glass Mountain Capital, LLC. They are based in Schaumburg, Illinois. As a collection agency, they collect debts on behalf of various entities.
If you have unpaid debts, and those debts have been transferred or sold to this agency, you may find them listed on your credit report.
Who does Malcolm S. Gerald & Associates collect for?
Malcolm S. Gerald & Associates collects for a variety of businesses and institutions. Their clients often include debt buyers, healthcare providers, municipalities, and businesses that provide various types of services.
Is Malcolm S. Gerald & Associates legit or a scam?
Malcolm S. Gerald & Associates is a legitimate company. However, as with any debt collector, they have been known to employ aggressive tactics, such as frequent phone calls, texts, or emails, in an attempt to collect unpaid debts.
How can I remove Malcolm S. Gerald and Associates 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.)
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Malcolm S. Gerald & Associates, Inc. Contact Information
Malcolm S. Gerald & Associates, Inc.
1930 Thoreau Dr. N Ste 100
Schaumburg, IL 60173
Phone number: (800) 265-3796 or (312) 922-6500
Should I contact or pay Malcolm S. Gerald and Associates?
It’s best to avoid speaking to a 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 Malcolm S. Gerald & Associates is to work with a credit repair professional. They help remove millions of negative items every year from companies like Malcolm S. Gerald and Associates, Inc. on behalf of their clients.
Will Malcolm S. Gerald & Associates, Inc. sue me or garnish my wages?
Malcolm S. Gerald & Associates could potentially sue you for unpaid debts. If they were to win the lawsuit, the court could grant them a judgment that allows them to garnish your wages or levy your bank account. However, it’s important to note that lawsuits are not always pursued by debt collection agencies, as they can be costly and time-consuming.
Malcolm S. Gerald and Associates, Inc. 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 you find yourself facing any of these situations with Malcolm S. Gerald and Associates, Inc., you should also 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 Malcolm S. Gerald and Associates, Inc.
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a collection agency 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 Malcolm S. Gerald and Associates 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.
- Malcolm S. Gerald and Associates may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Malcolm S. Gerald and Associates 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.
- Malcolm S. Gerald and Associates cannot threaten to have you arrested or imprisoned over unpaid debts.
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Credit Saint can assist you in disputing Malcolm S. Gerald & Associates 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.
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