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.
Who does Palisades Collection, LLC collect for?
Palisades Collection, LLC 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.
Is Palisades Collection, LLC legit or a scam?
Palisades Collection, LLC is a legitimate debt collection agency. However, 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.
How can I remove Palisades Collections from my credit report?
Collection accounts are a major negative mark that remain on your credit report for up to seven 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 remove a collection account from your credit history before seven years.
(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)
Lexington Law Firm is a professional 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, bankruptcies, and more.
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.
Palisades Collection, LLC
210 Sylvan Avenue
Englewood Cliffs, NJ 07632
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 debt collector on the phone. And making payments on the debt will reset the clock. So instead of helping your credit, it could make it worse. Of course, there are times when it’s best to just pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The best way to handle this is to work with a credit repair professional. They delete millions of negative items every year from companies like Palisades for millions of clients nationwide.
And they may be able to 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 debt collection lawsuit 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.
Be cautious about dealing with this debt collector 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 with the major credit bureaus 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.
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 a debt collector 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 foreclose on your home.
Is Palisades Collection, LLC hurting my credit score?
The missed payments that led to the collection harm your credit score. A collection account on your credit report further reduces your ability to qualify for new credit.
Debt collectors often buy and sell debt from one another, which can lead to multiple collections on your credit reports for the same account.
When this happens, if you don’t dispute the accounts with the credit bureaus and get them all removed, they will harm your credit score.
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 consumer 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 a debt. 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.
- 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.
- 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 attempting to do. They must notify you that they are a debt collection company 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.
Remove Palisades Collection From Your Credit Report Today!
Lexington Law Firm specializes in disputing Palisades Collection, LLC accounts. They have over 18 years of experience and have removed over 7 million negative items for their clients in 2020 alone.
If you’re looking for a reputable credit repair company to help you with collection accounts and repair your credit, consider working with Lexington Law.
You can give them a call 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.
Here’s a list of some of the nation’s most popular debt collectors that cause damage to your credit.
- 11 Charter Communications
- Aargon Agency, Inc.
- Ad Astra Recovery Services
- Afni Collections
- Account Resolution Services
- CACH LLC
- Capio Partners
- Cavalry Portfolio Services
- Cavalry SPV I LLC
- CBE Group
- CCS Offices
- CMRE Financial Services
- Commonwealth Financial Systems
- Convergent Outsourcing
- Credence Resource Management
- Credit Collection Services
- Diversified Consultants
- Dynamic Recovery Solutions
- Enhanced Recovery Company
- EOS CCA
- GC Services
- Global Credit and Collection Corp
- Global Crossing Local Services
- Harris & Harris
- Healthcare Revenue Recovery Group
- Hunter Warfield
- IC System
- IQ Data International
- Jefferson Capital Systems
- LVNV Funding LLC
- McCarthy, Burgess & Wolff
- Midland Credit Management
- MiraMed Revenue Group
- MRS Associates
- MRS BPO LLC
- National Credit Systems
- Nationwide Recovery Service
- Northland Group
- Penn Credit
- Phoenix Financial Services
- PMAB LLC
- Portfolio Recovery Associates
- Reliant Capital Solutions
- Revenue Group
- Southwest Credit Systems
- Sprint Collections
- Transworld Systems
- USCB America
- Verizon Collections
- Wakefield and Associates