Who Does AWA Collections Represent?

AWA Collections functions as a debt collector that reports collection accounts on your credit profile. In some instances, they may have acquired the debt from the original creditor, often at a significant discount from the original owed amount. Alternatively, they may act as intermediaries, collecting on behalf of another entity.

Their attempts to communicate may involve mail or phone calls, often pressuring for payment. Additionally, a collections entry becomes visible on your credit report, adversely impacting your credit score and your prospects for obtaining loans or engaging in crucial financial activities.

The Possibility of Removing AWA Collections

You might have the opportunity to remove AWA Collections from your credit report if there are inaccuracies, errors, or fraudulent details associated with the account that cannot be rectified promptly. Notably, a study conducted by the U.S. PIRGs indicates that a significant percentage of credit reports contain errors, which we specialize in addressing for our clients.

Understanding AWA Collections as a Debt Collection Agency

AWA Collections is a legitimate debt collection agency that purchases debts from various creditors who have chosen to relinquish their collection efforts, often referred to as a "charge-off."

Considerations on Payment and Negotiation

While settling the debt with AWA Collections might appear beneficial, it's essential to note that paying a debt in collections changes the status from 'unpaid' to 'paid,' and the collection account may still appear on your report for seven years from the date of the initial delinquency. The decision to negotiate a settlement depends on several variables, and in some cases, you might not need to pay at all, particularly if issues with the account warrant removal.

Is AWA Collections Legitimate?

AWA Collections is indeed a legitimate company, but they may engage in persistent calls and collection efforts.

Legal Actions by AWA Collections

While it is rare for AWA Collections to resort to legal actions such as suing, it's not the norm. State and federal laws impose limits or 'exemptions' on bank and wage garnishments. For a more accurate assessment of your situation and potential removal steps, it's advisable to consult with us.

Goodwill Letters and Rights When Dealing with AWA Collections

In our experience, AWA Collections typically does not accept goodwill letters for the removal of collection accounts or charge-offs. However, you have the right to dispute any debt AWA Collections is attempting to collect, governed by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA), which provide you with significant rights and protections.

Seeking Professional Assistance and Removing AWA Collections

Before reaching out to AWA Collections, we recommend consulting with a credit repair company, such as DIY Credit. We can evaluate the presence of AWA Collections on your report and explore potential avenues for dispute or removal.

Eradicate AWA Collections from Your Report

In some cases, we advise engaging a credit repair professional to conduct a comprehensive assessment of your credit report and identify potential areas for improvement. This can save you time, effort, and stress. For expert guidance in rectifying credit errors, don't hesitate to contact us today.

CALL US NOW AT 803-784-8100