Who is MG Credit?
MG Credit, Inc. is a debt collection agency based in Jacksonville, Florida. Their primary function is to recover debts owed to businesses that have been unable to collect the debts themselves.
If MG Credit appears on your credit report, it’s typically because you have an outstanding debt that they are trying to collect. This debt could be from an unpaid bill or other financial obligation.
Who does MG Credit collect for?
MG Credit primarily collects debts for businesses in the fitness industry, including gyms and fitness clubs. This typically involves unpaid membership fees, personal training fees, or other related charges. One of their known clients is Bailey’s Gym, a well-known fitness center chain. However, they may also service other businesses and sectors, seeking to recover overdue payments.
Is MG Credit legit or a scam?
MG Credit is a legitimate company. However, they may employ persistent methods of contact, such as repeated phone calls, texts, or emails, to encourage repayment.
How can I remove MG Credit Collections 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?
Some clients have raised their credit scores
by 100 points* or more.
Lexington Law is a professional credit repair law firm that works with people who want to fix their credit.
In addition to collections, they can work with 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.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
MG Credit, Inc. Contact Information
Address:
MG Credit
5115 San Juan Ave
Jacksonville, FL 32210
Phone number: (800) 387-6503 or (904) 387-6503
Should I contact or pay MG Credit?
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 MG Credit is to work with a credit repair professional. They help remove millions of negative items every year from companies like MG Credit on behalf of their clients.
Will MG Credit sue me or garnish my wages?
MG Credit is entitled to sue for an unpaid debt. If the company decides to pursue legal action and obtains a court judgment against you, they may potentially be able to garnish your wages, depending on your state’s laws. However, garnishing wages often requires a separate court order and is generally seen as a last resort.
MG Credit, 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 MG Credit, 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 MG Credit, Inc.
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA 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 MG Credit 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.
- MG Credit may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- MG Credit 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.
- MG Credit cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove MG Collections From Your Credit Report Today!
Lexington Law can assist you in disputing MG collection accounts. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
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 for a free credit consultation to see what they can do for you.
Ready to Repair Your Credit?
Some clients have raised their credit scores
by 100 points* or more.
