After getting into debt you cannot repay for some time, the creditor or collection agency trying to collect on it may report it to the major credit reporting bureaus. When this happens, it may negatively affect your credit score, making it more difficult for you to obtain a loan or credit in the future.
Cascade Capital, LLC is one such company that regularly reports borrowers to the major credit bureaus, even when individuals have repaid their debt. Fortunately, there are ways to remove this company from your credit report. Below are the basic steps you should take, but it is also important to work with a Fort Lauderdale debt defense lawyer that can give you the best chance of success.
Who is Cascade Capital, LLC?
Cascade Capital, LLC is a debt collection company. They are located in both Scottsdale, Arizona, and Petaluma, California. However, they collect debts from all around the country, mostly focusing on debts from healthcare companies and consumer finance businesses. Anyone who has taken out a loan or credit should obtain a copy of their credit report. If Cascade Capital is listed, it may mean that you did not pay the bill and the original company sent the account to the debt collector. It is not uncommon for individuals to have never heard of Cascade Capital, LLC, until they obtain a copy of their credit report.
How to Remove Cascade Capital from Your Credit Report
When old accounts and debts remain on your credit report, they may appear on the report for as long as seven years, regardless of whether the debt is paid or not. Unfortunately, even if you pay the debt, it could lower your score even further. Still, while debts typically remain on a report for seven years, there are ways to remove the debt from the collection report. Of course, debt collection companies will not tell you this, but it is important that everyone knows.
A debt defense lawyer can help borrowers remove Cascade Capital, LLC from their credit report. An attorney can also help you contest, and possibly remove, any other incorrect information that appears on your credit report. Late payments, inquiries, foreclosures, charge-offs, judgments, tax liens, and bankruptcy can all possibly be removed with the help of an attorney.
Do Not Contact Cascade Capital, LLC, or Make a Payment
While borrowers are often encouraged to contact creditors, it is important that you do not contact Cascade Capital when trying to remove them from your credit report. Also do not make a payment on the debt, as that will restart the clock on the statute of limitations. The statute of limitations is the amount of time Cascade Capital has to file a lawsuit against you and obtain a judgment to garnish your wages or take other legal action. If you call the company or pay the debt, it could actually hurt your credit more than it will help it.
How to Remove a Cascade Capital, LLC Account from Your Credit Report
There are several steps you should take when removing Cascade Capital, LLC from your credit report. These include:
- File a dispute with the credit bureau: The first step in removing Cascade Capital from your credit report is to write a dispute letter indicating that you believe the information on your report is inaccurate. Under the Fair Credit Reporting Act (FRCA), creditors must review, investigate, and respond to any dispute.
- File a dispute with Cascade Capital, LLC: After you have reported the account to the credit bureau, you should then file a dispute with Cascade Capital, LLC. Like the credit bureaus, debt collection companies are also required to investigate your complaint and respond.
- Negotiate a “pay-for-delete” with the creditor: If you can negotiate a “pay-for-delete,” it means you will pay the debt, either partly or completely, in exchange for Cascade Capital, LLC removing the account from your credit report. A pay-for-delete strategy is most often successful when working with a debt collector such as Cascade Capital.
- Ask for a goodwill deletion: Goodwill deletions do not always work, but they are an option if you want to exhaust every possible alternative. These deletions are especially possible when you have become a more responsible borrower, and if the debt is not egregious, such as if you only missed one payment.
Last, but certainly not least, you should work with a debt defense lawyer in Fort Lauderdale who can help you through the process.
Know Your Rights
Any time you go up against a debt collection company such as Cascade Capital, LLC, whether you are trying to settle your debt or remove the account from your credit report, it is crucial that you know your rights. They are as follows:
- It is against the law for Cascade Capital, LLC to report incomplete or inaccurate information on your credit report.
- Under the Fair Debt Collections Practices Act (FDCPA), you have the right to validate the debt. This means the debt collection company must prove that you owe the debt and that the amount of money they are requesting is accurate. They must do this within 30 days.
- Cascade Capital, LLC, cannot harass or threaten you, swear while speaking to you, contact you repeatedly, or publish a list of borrowers publicly.
- Cascade Capital, LLC, cannot make threats such as that they are going to file a lawsuit against you if they have no intention of following through on that threat.
Any time these rights are violated, it is important to speak to a lawyer that will ensure they are upheld.
Call Our Debt Defense Lawyer in Fort Lauderdale Today
If your credit report shows a listing from Cascade Capital, LLC, our Fort Lauderdale debt defense lawyers can help you remove it. At Loan Lawyers, we have helped many clients restore their credit, and we want to put that experience to work for you, too. Call us today at (954) 523-4357 or fill out our online form to schedule a free consultation and to learn more about how we can help.
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Loan Lawyers is made up of experienced consumer rights attorneys who use every available resource to develop comprehensive debt solution strategies. Our goal is to take on those burdens, resolve those problems, and allow our clients to sleep soundly knowing they are on the path to a better future.
