Who is MSW Capital LLC?
MSW Capital LLC is a debt collection agency that operates out of Sarasota, Florida. Their primary role is to recover overdue debts on behalf of various creditors.
If MSW Capital LLC appears on your credit report, it typically means you have an outstanding debt that has been assigned to them for collection.
Who does MSW Capital LLC collect for?
MSW Capital LLC provides their collection services to a broad range of original creditors. Their expertise lies in recovering past-due debts across various industries.
Is MSW Capital LLC legit or a scam?
MSW Capital LLC is a legitimate company. However, their frequent communication methods via phone calls, texts, and emails might raise concerns for some. These tactics, while often perceived as intrusive, are standard in the debt collection industry.
How can I remove MSW Capital LLC 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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MSW Capital LLC Contact Information
Address:
MSW Capital LLC
1990 Main St. Ste 750
Sarasota, FL 34236
Phone number: (877) 774-7570
Should I contact or pay MSW Capital LLC?
Before contacting a third-party collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with MSW Capital LLC is to work with a credit repair professional. They help remove millions of negative items every year from companies like MSW Capital LLC on behalf of their clients.
Will MSW Capital LLC sue me or garnish my wages?
MSW Capital LLC has the legal authority to sue you in court for the debt you owe. If they win the lawsuit and a judgment is issued against you, they may potentially be able to garnish your wages or bank accounts, or even place a lien on your property, based on the laws in your specific state.
However, it’s worth noting that this is generally viewed as a last resort. Court proceedings can be costly and time-consuming for the collection agency, and most prefer to negotiate a payment plan or settle the debt for a lesser amount rather than resorting to legal action.
MSW Capital LLC 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 MSW Capital LLC
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 MSW Capital LLC 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.
- MSW Capital LLC cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- MSW Capital LLC 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.
- MSW Capital LLC cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove MSW Capital LLC From Your Credit Report Today!
Credit Saint offers assistance with disputing MSW Capital LLC 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.
