If you’re wondering what BCA Financial Services is and why it’s on your credit report, the guide below is for you.
With all of life’s financial obligations and the busyness of day to day life, it can be all too easy to let a payment slip through the cracks.
That’s especially true of medical debts, which can be overwhelming at times.
If you’ve fallen behind on healthcare payments, that’s probably why BCA is on your report.
As long as it’s there, a collections account can lower your credit score and hold you back from getting approved for credit cards, loans, jobs, and leases.
Read on to learn how BCA works and what you can do to get them off your credit report.
About BCA Financial Services
BCA Financial Services, Inc. has been in business since 1944. The agency is headquartered in Palmetto Bay, Florida.
You can reach the agency at their address below:
18001 Old Cutler Rd #462
Miami, FL 33157
BCA offers several services, including:
- Delinquent collection services
- Denial management
- Insurance follow-ups
- Revenue cycle consulting
- And more
As far as collections are concerned, they primarily target debts in the healthcare industry.
If you are overwhelmed by dealing with negative entries on your credit report,
we suggest you ask a professional credit repair company for help.
How Does BCA Financial Services Work?
If your lender or service provider isn’t able to collect payment for your debts, they will go into collections.
The collections agency may be employed by your provider to help with the collections process, or they may buy your debts outright at a deep discount.
Regardless, they can hound you with phone calls and letters until you settle your account.
Even worse, collections accounts bring down your credit score and stay on your report for 7 years.
And paying off your debts won’t necessarily get them off your report.
How to Deal with BCA Financial Services
Collections agencies are often the subject of complaints surrounding their faulty reporting and aggressive tactics.
To see the complaints waged against BCA, you can look to the Better Business Bureau and the Consumer Financial Protection Bureau.
You should also read up on the Fair Debt Collection Practices Act.
This act was written to protect consumers from abusive debt collection practices and to ensure accurate reporting.
Among other guidelines, it states that:
- Debt collectors are only allowed to call from 8 a.m. to 9 p.m.
- They are not allowed to disclose your personal information to other people
- Agencies must respect your wishes not to be contacted at work
- Under no circumstances may they threaten illegal actions or use abusive language
Another right we recommend taking advantage of? Only communicating with the agency by mail.
Debt collectors’ calls can be frustrating, but there’s a more significant reason to opt for written correspondence.
Letters give you proof, documenting your conversations in case you face any legal issues with BCA or need evidence to get their entry removed from your report.
3 Ways to Remove BCA Financial Services from Your Credit Report
Now that you know about the FDCPA and the debt collection process, here are a few strategies for getting a collections entry removed from your credit report.
1. Ask for Proof
Thanks to the FDCPA, debt collectors have to furnish evidence of your debt if you request it.
That could include details like your identifying information, account number, and documentation of your account.
If they can’t, they have to stop contacting you and report to the credit bureaus to have the entry deleted.
In cases involving identity theft or inaccurate reporting, you should start by asking for debt validation.
But this strategy is worth trying even if you do owe BCA Financial Services. Why?
Because third-party businesses like BCA don’t always retain the info they need to validate your debts.
Sending a simple debt validation letter could get BCA off your report without you having to pay a dime.
The key to this method is working quickly. You have 30 days to dispute a debt once a collections agency is contacting you.
2. Arrange a Pay-for-Delete Agreement
If 30 days have come and gone or BCA was able to validate your debt, you should plan on making a payment.
However, you shouldn’t log on or pick up the phone and simply pay off what you owe.
Doing that will stop BCA from contacting you, but it won’t do your credit any good.
You have to get the agency to agree to remove the account from your report in exchange for your payment.
When you propose a pay-for-delete agreement, you also get to negotiate a price.
Collections agencies are often willing to accept a fraction of your balance to close your account, as they’ll still profit from the transaction.
It can’t hurt to try negotiating with the collection agency a lower rate. To ensure that this strategy works as planned, be sure to send a letter rather than talking to BCA on the phone.
That way, your conversation will be well-documented.
Once you make a payment, keep checking in to make sure the entry is removed from your report.
If it’s still there a month from now, you should follow up with the agency.
3. Work with a Credit Repair Company
If you want to get BCA off your credit report but don’t want to do it alone, you’re in luck.
Credit repair companies are experts at disputing debts and getting you out of collections.
Whether you’re only dealing with collections or you’re facing bigger challenges, these companies can help.
Here are a few of the issues they encounter frequently:
- Identity fraud
- Poor payment history
If you feel like you’re in over your head, don’t hesitate to reach out to one of these companies for a consultation.