While missing a payment is an easy mistake to make, in addition, it could result in significant damage to your credit score.
If you have a collections account from H&R Accounts on your report, it’s important to get it removed as soon as possible.
As long as the entry stays on your report, it can bring down your credit.
Read on to learn more about H&R Accounts and how you need to respond to their collection attempts.
How Does H&R Accounts Work?
H&R Accounts is a small debt collections agency headquartered in East Moline, Illinois.
A division of Avadyne Health, H&R Collections, Inc. mostly collects on debt in the healthcare industry, therefore, they collect on debts for both smaller doctors’ offices and clinics and hospitals.
When your healthcare provider is unsuccessful at collecting your debt then they could contact a third-party agency such as H&R Accounts.
Debt collectors buy your debts from providers and lenders, or they employ them to manage the collections process.
Once a collections agency gets your info, they will contact you routinely to collect, sending letters and calling you.
The collections account will be entered on your credit report as well, where it stays for 7 years.
Collections entries can lower your score by a few points, or cause a more damaging drop.
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 to Deal with H&R Accounts
Collections agencies tend to get negative reviews from consumers who’ve dealt with them. These complaints are often concerned with:
- Reporting issues
- Unvalidated debts
If you aren’t familiar with the Fair Debt Collection Practices Act and how it can work in your favor, a collector may violate your rights without your knowledge.
Take a few moments to read up on this important law, which, among other protections, provides:
- Time limits: Collections calls are only permitted between 8 a.m. and 9 p.m.
- Privacy: Debt collectors are prohibited from disclosing details of your accounts with your family, friends, employer, etc.
- Accuracy: Collections agency must verify debts when validation is requested within 30 days.
- Fairness: Representatives of collections agencies cannot use abusive language, nor can they threaten to take any illegal actions against you.
Just as important, this law lets you decide how you want the agency to contact you. It is always wise to limit your communication with debt collectors to letters rather than phone calls.
All you need to do is send the agency a letter asserting your rights under the FDCPA then request to only communicate in writing.
It will stop their frequent calls and give you concrete proof of all your interactions.
3 Ways to Remove H&R Accounts from Your Credit Report
Ready to get your score back on track and put a stop to the devastating effects of collections?
Here are the three best strategies for getting the collections account off your report:
Send a Debt Validation Letter
The FDCPA gives you 30 days to ask for debt validation. If you think H&R Accounts is on your report by accident then this should be your first step.
If the agency cannot provide sufficient information to prove its legitimacy, then account should be dropped from your report.
Just plug your information into a free sample validation letter and mail it in on time.
Even more good news? This strategy might work for you even if you do owe the agency.
Since H&R Accounts collects on the behalf of other providers in the healthcare industry, there’s a chance they won’t have the documentation they need to substantiate it.
Just remember that time is of the essence, therefore, track your credit score with a credit monitoring platform so you can catch new entries as soon as they’re added.
Make a Payment
To ensure that a collections account gets removed from your report, then you should get it in writing from the collections agency.
Paying off your balance might stop the agency’s phone calls and letters, but it won’t necessarily help your score.
Instead, you need to offer to make a payment in exchange for the account being deleted from your report.
The best part? You can probably get the agency to agree to accept a negotiated amount, as a result, meaning you could settle your account by paying a fraction of what you owe.
Pro Tip: If you aren’t already, communicate with H&R Accounts in writing. You’ll want your pay-for-delete agreement to be clearly documented.
Get Help from a Credit Repair Specialist
Getting a collections agency removed on your own is definitely doable, but you don’t have to tackle this task on your own.
If you’re willing to pay for help, then a credit repair company can be well worth the cost.
Credit repair specialists will handle the entire process, as a result, disputing inaccurate accounts featured on your report and making a specialized plan for improving your credit.
They’re also a great asset if you’re facing any of the credit challenges below:
- Identity fraud
- Hard inquiries
Consider registering for a consultation with one of the top credit repair companies to get started.