Who is Palisades Collection, LLC?
Palisades Collection, LLC, aka Asta Funding, Inc., is a third-party debt collection agency located in Englewood Cliffs, New Jersey.
Palisades is a junk debt buyer that buys up old debt from banks, credit card companies, cell phone companies, hospitals, and doctors, for pennies on the dollar. They have a history of unscrupulous collection practices, which means it’s up to you as a consumer to get the facts and then take appropriate action.
Removing Palisades Collections from Your Credit Report
Collection accounts are a major negative mark that remain on your credit report for up to 7 years and can lower your credit score significantly. In fact, the higher your credit score, the more a collection account will make it drop. For this reason, getting rid of inaccurate collection accounts should be a top priority to repair your credit.
However, it is possible to have a collection account removed from your credit report before 7 years.
(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)
Lexington Law Firm is a credit repair company that helps people fix their credit.
In addition to collections, Lexington Law will help you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, judgments, tax liens, and bankruptcies.
Call Lexington Law now to learn more: (800) 220-0084
Palisades Collection, LLC / Asta Funding, Inc. Contact Information
We recommend only contacting them through the mail. This makes sure that you have a record of all communications to protect yourself.
Address:
Palisades Collection, LLC
210 Sylvan Avenue
Englewood Cliffs, NJ 07632
Website: http://www.astafunding.com
Phone number: (800) 991-9367 or (201) 567-5648
Should I contact or pay Palisades Collection, LLC?
Nothing good can come from speaking to a collection agency on the phone. And making payments on the collection account will reset the clock. So instead of helping your credit, it could make it worse.
The best way to go about handling this is to work with a professional credit repair service. They have deleted millions of negative items from companies like Palisades for millions of clients nationwide.
And they can help you too.
Is Palisades Collection, LLC showing up on your credit report?
Palisades is most often associated with unpaid AT&T wireless accounts, though they may also buy other types of unsecured debt such as credit cards.
If you have collections, double-check to be sure that these are the only collections that you have. Often, third-party debt buyers will buy and sell debt from one another, so you may have the same debt listed more than once under different debt collectors.
Will Palisades Collection, LLC sue me or garnish my wages?
Don’t trust them to have done their due diligence when it comes to verifying your debt. In the past few years, there have been multiple lawsuits charging them with violations of the Fair Debt Collection Practices Act (FDCPA).
These violations include suing people and not properly serving the papers necessary, as well as continuing to try to collect from people who did not owe any money at all.
Many people are never notified of the lawsuits against them so they don’t show up for court which results in a default judgment.
A judgment on your credit report is also very damaging to your credit. They have obtained default judgments totaling millions of dollars from people who never even knew they were being sued.
Considering their less-than-stellar business practices, be very careful about dealing with this company to resolve matters in your favor. However, if you work with a law firm like Lexington Law, you have nothing to worry about. They will help you dispute the collection account and possibly get it removed from your credit report. It’s also quite possible that you will never hear from or have to deal with Palisades Collection, LLC again.
Wage Garnishment
Some states allow wage garnishment, while others do not. It is important to note that if you are in a state that does not allow wage garnishment, it is illegal for them to threaten to garnish your wages.
It is also illegal for Palisades Collection to make any claims they cannot or will not follow through on – this includes threatening to sue you or to foreclose on your home.
Palisades Collection, LLC Complaints
Most collection agencies have numerous complaints filed against them 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 find yourself facing any of these situations with a debt collection agency, you should also consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the FDCPA. Lexington Law knows that you have rights, and Palisades Collection, LLC does too.
Your Rights When Dealing with Palisades Collection, LLC
There are strict regulations about what a debt collector can and cannot do in the United States. For example, the Fair Debt Collection Practices Act prevents the use of abusive or deceptive tactics to collect any debt, whether or not you actually owe it. 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 Palisades Collection, LLC to report inaccurate or incomplete information on your credit report.
- Debt validation. Under the FDCPA, you have the right to validate a debt. Upon request, the collection agency reporting the information must prove to you, within 30 days, that the account is really your responsibility and the amount of money you owe is accurate.
- All personal debts are covered, including personal credit cards, auto loans, household bills, and mortgage payments.
- Palisades Collection, LLC may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Palisades Collection must be honest about who they are and what they are trying to do. They must notify you that they are a collection agency both orally and in writing.
- Palisades Collection cannot threaten to have you arrested, and they are not allowed to threaten to take legal action if they have no intention of doing so.
How do I get Palisades Collection removed from my credit report?
Lexington Law specializes in disputing Palisades Collection, LLC accounts. They have over 28 years of experience and have removed over 7 million negative items for their clients in 2020 alone.
Get Palisades Collection Removed Now!
If you’re looking for a reputable credit repair company to help you with collection accounts and repair your credit, we HIGHLY recommend Lexington Law.
Call them at (800) 220-0084 for a free credit consultation. They have helped many people in your situation and have paralegals standing by waiting to take your call.