Is CBE Group calling you repeatedly about unpaid bills?
While annoying, a debt collection agency’s calls are the least of your worries.
Once a debt collection account makes its way onto your credit report, it can do significant damage to your credit score.
In the guide below, we’ll break down exactly how CBE Group works and provide you with the resources you need to kick them to the curb and improve your credit score.
Table of Contents:
What Is CBE Group?
There are a lot of questions surrounding CBE Group. Is CBE Group legit? Is it a scam? What does CBE stand for?
As it turns out, CBE Group is a legitimate, authorized debt collections agency, one that’s been around for quite some time.
Founded in 1985, the United States CBE Group is headquartered in Cedar Falls, Iowa. The sizable debt collector has close to 600 employees and amassed more than $35 million of revenue last year. Here is more of their contact information:
- Address: PO Box 3251 Milwaukee, WI 53201-3251
- Additional Call Center Facilities: New Braunfels, Texas, Manila, Philippines, Overland Park, Kansas, and Waterloo, Iowa
- Phone Number: (800) 925-6686
- Website: http://www.cbegroup.com
Though its full name is CBE Group, Inc, a subsidiary of CBE Companies, the company might also be listed on your credit report under some of the following names:
- Cbe collections
- CBE Group Collections
- Cbe group verizon
- The cbe group inc-former
- The cbe group inc former
What Does CBE Group Collect?
CBE, a debt collection services, collects for a vast range of businesses and organizations, including the IRS.
Some of the most popular types of accounts it collects for include:
- Credit cards
- Medical care
- Phone service
- Student loans
How Does CBE Group Work?
CBE Group makes its money by collecting payment for debts from a number of companies, organizations, and even the government.
Depending on the industry, CBE Group takes part in both first and third-party collections.
Essentially, CBE Group targets individuals who owe money to one of the companies they work with.
This could be anything from a $20 balance on a cable bill to a whopping college tuition payment.
CBE Group then calls and sends letters to the individual until the debt is settled.
The agency also appears on their credit report as a collections account. This type of account can lower your credit score for up to seven years.
3 Ways to Remove CBE Group from Your Credit Report
You may be asking, “How can I ensure that CBE Group is removed from my credit report?
While you might be tempted to answer one of their phone calls and hand over your payment information, simply paying what’s due may not remove CBE from your report.
Instead, you should use one of the three strategies below to get CBE Group out of your call history and off of your credit profile.
- Submit a debt validation letter to CBE Group
- Negotiate your account removal
- Work with credit repair experts
1. Submit a Debt Validation Letter to CBE Group
One of the easiest ways to remove a debt collection agency from your credit report is to dispute their claim.
The Fair Debt Collection Practices Act comes into play once again, requiring debt collectors to show proof when a debt validation letter is submitted.
Keep in mind, you are entitled to a free credit report as reported by the three credit reporting bureaus thanks to consumer laws like the FDCPA.
A lot of times, third-party collectors like CBE Group don’t actually have adequate validation, whether you actually owe the amount they claim you do or not.
If the collections agency can’t provide adequate proof, the collections account gets removed from your credit report.
Regardless of the circumstances, it can’t hurt to submit a basic debt validation letter.
Just be sure to send the letter within 30 days of CBE Group’s appearance on your credit report.
2. Negotiate Your Account’s Removal
If you missed out on disputing the debt charged against you, or the agency was able to validate it, negotiation is your next best strategy.
Debt collectors are often willing to accept payments that amount to a fraction of the actual amount you owe.
When you negotiate a payment with CBE Group, you can bargain to have the collections account removed altogether from your credit report.
Again, be sure to type or write this agreement up, getting both you and the agency’s agreement on paper.
Then the agency is obligated to honor the negotiations and remove the account as promised.
It is important to monitor your credit score after you’ve been making payments to ensure the account is removed.
If the account still shows up on your credit report after a month, you’ll need to contact CBE Group once again.
3. Work with Credit Repair Experts to Get CBE Group Off Your Report
With the strategies above, you can work to remove CBE Group and its damaging effects on your own.
An alternative is to employ the assistance of a credit repair company, letting them take the reins.
A company like Lex Law brings decades of experience to the table, handling all of the disputings, and negotiating for you.
Their team members are trained to deal with CBE Group to quickly get them removed from your credit report at a reasonable cost.
If you’re tired of CBE Group weighing down your credit score and filling up your inbox, it’s time to take action.
Learn your FDCPA rights and get in touch with CBE Group, or a credit repair company, today.
Dealing with CBE Group
Like most debt collection agencies, CBE Group has closed hundreds of complaints with the Consumer Financial Protection Bureau (CFPB).
Though CBE has been awarded an A+ by the Better Business Bureau (BBB), 234 complaints closed in the last 3 years.
That’s why it’s vital to look into the protections offered by the Fair Debt Collection Practices Act.
The act dictates how debt collectors can contact you, and when, setting strict hours and limits to who they can share your information with.
Please seek legal counsel from a law firm should your situation warrant it.
Likewise, it lets you set the terms of your communication by giving you the option to only interact with CBE Group by mail.
You should absolutely take advantage of this provision, as letters provide more verification that could be critical in the credit repair process.