Have you noticed a company called Aargon Agency Inc to show up on your credit report? If you have, this probably means that you are being pursued for an unpaid bill.
While calls from debt collectors are annoying, they are the least of your worries.
Being pursued by Aargon Agency Inc will be accompanied by a collection account on your credit report and a drop in your credit score.
This is because collection accounts on your credit report can have a significant impact on your score for up to seven years.
You may even be turned down for loans and credit cards because of it.
Collection accounts are a negative mark on your credit report, and it is important that you remove them as soon as you can.
This means negotiating with the debt collector, which many people don’t know how to do.
If you are interested in removing Aargon Agency Inc from your credit report, check out our article below for a full how-to guide on how to clean up your report and boost your score.
What is Aargon Agency Inc?
Founded in New York in 1996, Aargon Agency Inc is a medium-sized collection agency in the U.S.
While they are headquartered in Las Vegas, they also have offices in Colorado, Florida, Hawaii, Missouri, and Nevada.
In terms of clientele, Aargon Agency Inc collects on behalf of banking, entertainment, finance, medical, real estate, retail, and utility industries.
Aargon Agency Inc is a legitimate debt collection company, but this does not mean that they are necessarily pleasant to work with.
They currently have about 659 complaints filed with the Consumer Financial Protection Bureau (CFPB) and 24 with the Better Business Bureau (BBB).
Many complaints are about inaccurate reporting and/or lack of response to debt verification requests.
Steps to Remove Aargon Agency Inc from Your Credit Report
Having Aargon Agency Inc on your credit report is very harmful to your credit score. A collection entry can cause your score to drop by as much as 100 points.
It is important to remove the collection entry from your report to prevent extensive damage to your score in the long run.
These are the essential steps to take to remove Aargon Agency Inc from your credit report once and for all.
Request a Goodwill Deletion
If you have already paid the debt, you may be able to get the entry removed by asking for a goodwill deletion.
A goodwill deletion is when the debt collector, in this case, Aargon Agency Inc, agrees to stop reporting a paid debt to the major credit bureaus out of generosity.
To request a goodwill deletion, you will need to write them a letter explaining to them the reason for your debt.
If you have been laid off or had an illness that caused late payments, this is often seen as an extenuating circumstance and may lend to your cause.
You should also let them know why you would like the entry removed, such as wanting to qualify for a mortgage or auto loan.
Always be polite in your goodwill deletion letter and refrain from demanding a deletion.
If Aargon Agency Inc chooses to grant you a deletion, they would technically be doing you a favor. It is best to approach the situation with kindness instead of entitlement.
Validate the Debt
It is not uncommon for information to get lost when it is transferred from the original creditor to Aargon Agency Inc.
This means that some of the information regarding your debt may be incorrect, or the debt may not belong to you at all.
That is why debt validation is very important to the collection process. It can even get you out of paying for the debt altogether.
For starters, never ignore a debt collector when they contact you.
This is because you only have a certain period of time to validate the debt before the collection agency is not obligated to respond.
It is best to send a debt validation letter within 30 days of the first contact with Aargon Agency Inc.
When you send your debt validation, be sure to request a return receipt. This is how you can know for sure that Aargon Agency Inc has received your letter.
If they do not respond to your debt validation letter within 30 days, you can file a complaint with the CFPB.
Once Aargon Agency Inc has received your letter, they should return with various documents meant to prove that the debt belongs to you.
Go through these papers with a fine-toothed comb and note anything that seems off.
If you find anything that contradicts the information you have about your debt, you can file a dispute with the three major credit bureaus.
They will investigate and remove the entry if they find that Aargon Agency Inc has inaccurately reported your debt.
Negotiate a Settlement
Unfortunately, simply paying the debt will not remove the collection account on your credit report. It will only change the status of the collection entry on your credit report.
In order to wipe your credit report clean of Aargon Agency Inc, you need to negotiate a pay-for-delete agreement.
Many people don’t realize that debt collectors are often willing to settle for less than the full amount. This is because they probably paid a fraction of the balance in order to obtain the debt.
Negotiate with Aargon Agency Inc to only pay back half of the total balance. In exchange, they must agree to delete the collection accounts with all three major credit bureaus.
Make sure to get this agreement in writing before you make your first payment. After you submit the first payment, check with all three major credit bureaus in 30 days.
If they still have the collections accounts listed on your report, contact Aargon Agency Inc and remind them of the agreement.
Dealing with Aargon Agency Inc.
Dealing with debt collectors is no one’s idea of fun, but you can prevent damage to your credit score by handling them up top.
Ultimately, cleaning up your credit report is an excellent way to boost your score and achieve your financial goals.
I am committed to helping you improve your credit score so that you can achieve your goals and regain financial freedom.
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