Are you concerned about a collections entry from Delivery Financial Services?
The entry is likely on your account because you forgot to pay a bill.
While falling behind on a payment or two might not seem like a big deal, collections-stage debt can do substantial damage to your credit.
For that reason, it’s important to take the necessary steps to get collection accounts off your credit report.
Read on to learn more about Delivery Financial Services and how to get them deleted from your report.
About Delivery Financial Services
While you might not recognize the name Delivery Financial Services, you can trust that it’s legitimate.
DFS is a third-party collections agency with its headquarters in Scottsdale, Arizona.
The agency can be reached at the following address:
3710 West Greenway Road, Suite 131
Phoenix, Arizona 85053
DFS primarily collects on healthcare debt, as well as:
- Commercial debt
- Credit card debt
- Utility debt
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 Delivery Financial Services Works
Here’s a quick breakdown of how debt collection works.
When you fall behind on payments, your lender or service provider will make multiple attempts to contact you.
If they don’t receive a payment from you, your debt will enter the collections stage.
At this point, a negative entry is placed on your credit report, where it can lower your score for 7 years.
Some businesses have their own collections departments, while others hand your debt off to collections agencies like DFS.
These agencies either:
- Buy your debt at pennies on the dollar
- Are hired to help the original lender collect the debt
When a collections agency gets ahold of your debt, it can mean lots of phone calls and letters for you.
Many consumers looking to cut ties with debt collectors simply pay off their debt, assuming it will get removed from their credit report.
Unfortunately, settling your account does not automatically lead to a deletion. To ensure the entry is taken off your report, read on.
How to Deal with Delivery Financial Services
Collections agencies are notorious for pushing people’s limits and nagging consumers about their outstanding debt.
DFS is no exception, having complaints filed against them with both the Better Business Bureau and the Consumer Financial Protection Bureau.
Many people don’t realize that they are protected by the Fair Debt Collection Practices Act.
The FDCPA gives debt collectors clear guidelines for dealing with customers, including the ones below:
- Debt collectors can only call between 8 a.m. and 9 p.m.
- They may not contact your loved ones, employers, or anyone other than you about your debt
- Collection agencies are prohibited from calling you at work, upon your request
- Collection attempts should never involve abusive language or unlawful threats.
Moreover, the FDCPA lets you stop collection calls altogether, only communicating with the agency in writing.
You should always correspond with debt collectors via certified mail. Not only will you stop the agency’s calls, but you’ll also be ensuring that every interaction you have with them is documented.
All you have to do is notify the agency that you’re aware of your rights granted by the FDCPA and would like to communicate by mail.
3 Ways to Remove Delivery Financial Services from Your Credit Report
With a better understanding of who DFS is and how the FDCPA can benefit you, here are three strategies for getting a collections entry off your credit report.
1. Ask for Debt Validation
A debt validation letter could help you get DFS off your credit report, free of charge.
According to the FDCPA, you have 30 days to dispute questionable debts on your credit report.
You just have to input the details of your account into a debt validation letter template, mail it in, and wait to hear from the agency.
If you don’t know how DFS made its way onto your report, you should absolutely file a dispute. But this method could be effective even if you do owe the agency money.
Since DFS is a third-party debt collector, they don’t always maintain the records needed to substantiate their claims.
If they can’t present you with definitive proof that the debt belongs to you, they’ll have to remove it from your report.
Once the agencies have been updated, the entry should be deleted, and DFS’ calls and letters will stop.
2. Negotiate a Pay-for-Delete Agreement
If you missed your chance to dispute the debt or DFS had the info they needed to validate it, a pay-for-delete is your next best option.
When you pay a debt collector in full, they’ll stop calling to collect, but the collections entry won’t be removed from your report.
Instead, you need to pay them in exchange for agreeing to have your collections entry removed.
Good news? You can probably get an agency like DFS to agree to accept a negotiated amount. Start by offering to pay around half of what you owe.
Once again, this strategy will be the most successful if you communicate with the agency in writing.
Because if an agency representative agrees to report your payment to the credit bureaus over the phone, there’s no documentation to guarantee they’ll follow through.
Therefore, you should monitor your credit after a pay-for-delete to ensure that the entry gets taken off your credit report.
Because if it’s been longer than a month and you’re still seeing the entry, follow up with DFS to make sure they uphold their part of your agreement.
3. Work with a Credit Repair Company
Thus, whether you’re anxious about contacting Delivery Financial Services or just don’t have the time, a credit repair company could be worth considering.
Because credit repair companies are expertly trained to deal with issues like debt collections, making the debt validation and payment process a breeze.
Specifically, they’ll identify the factors that are weighing down your credit and get you back on track.
In addition to dealing with collections agencies, they can also handle:
- Identity fraud
- Poor payment history
Whether you’re looking for a little consulting or you’re drowning in credit problems, don’t hesitate to contact a credit repair company.