Who is Second Round Sub, LLC?
Second Round Sub, LLC, also known as Second Round, LP, is a debt collection agency headquartered in Austin, Texas. This organization primarily deals with collecting debt from consumers who have outstanding bills that have been left unpaid.
If you find Second Round Sub listed on your credit report, it generally means they’ve purchased the debt you owe from an original creditor or another collection agency.
Who does Second Round Sub collect for?
Second Round Sub, LLC, is a junk debt buyer. What this means is that they primarily deal in “charged-off” debts, which are debts that original creditors have deemed unlikely to be collected and written off their books. These debts can range across various sectors, such as auto loans, credit card bills, utilities, and other miscellaneous debts.
The original creditors sell these debts to Second Round Sub, typically for a fraction of the total amount owed, in an attempt to recoup some of their losses. Second Round Sub then attempts to collect the full debt from the debtor, turning a profit from the difference between the purchase price and the collected amount.
Is Second Round Sub legit or a scam?
Second Round Sub is a legitimate company. They’ve been in business since 2008, and they are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove Second Round Sub 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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Second Round Sub, LLC Contact Information
Second Round Sub
1701 Directors Blvd Ste 900
Austin, TX 78744
Second Round Sub
P.O. Box 41955
Austin, TX 78704
Phone number: (866) 950-6357 or (512) 448-2600
Should I contact or pay Second Round Sub?
It’s best to avoid speaking to a debt collector 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 Second Round Sub is to work with a credit repair professional. They help remove millions of negative items every year from companies like Second Round Sub on behalf of their clients.
Will Second Round Sub sue me or garnish my wages?
Second Round Sub, LLC has the option to sue you to collect the outstanding debt. If they win the lawsuit and are granted a judgment by the court, they could potentially garnish your wages, levy your bank accounts, or put a lien on your property, depending on the laws in your specific jurisdiction.
However, it’s important to note that not all debts or situations may lead to a lawsuit. Legal action generally depends on the size of the debt, the collection agency’s assessment of their ability to collect, and local and state laws.
Second Round Sub, LP 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 a debt collector is harassing you, you may want to 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 Second Round Sub
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector 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 Second Round Sub 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.
- Second Round Sub may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Second Round Sub 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.
- Second Round Sub cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Second Round Sub From Your Credit Report Today!
Credit Saint can assist you in disputing Second Round Sub 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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