About Credit Sage
Please note: We're not a collection agency, nor are we affiliated with any collection agencies at all. Our role in supporting you is to handle the communications between you and the collection agency to help sort out any problems you have with your accounts.
Frequently Asked Questions
Who debt collectors collect for?
Collections are usually a debt collector reporting a collection account on your credit report. In some cases this means they purchased the debt from the original creditor (i.e. a credit card or loan company). Usually this means they paid pennies on the dollar, sometimes 1/10th of the original cost, to buy this debt. In other cases they may not own the debt themselves, instead being paid to collect on behalf of another company. They may attempt to communicate with you via mail or phone calls (demanding payment). Even worse, a collections account now appears on your credit report. This hurts your score (and chances) to get approved for a loan or other important financial event.
Do collections hurt my credit score?
Any derogratory mark under it's statute of limitations may severely impact your credit score. A collections account is no different.
How do I remove it from my report?
Removing a collection from your credit report may be possible if any information on the account is incorrect, error'd, or fraudulent, and is not (or cannot be) fixed in an appropriate amount of time. We specialize in going after these types of accounts for our clients.
Should I negotiate a settelement with a collection agency?
Settling your debt may help your score, but it may also hurt your score. The answer depends on many variables. You may also not have to pay at all, and if any issues with the account exist you may have it removed all together (and never have to hear from them again).
Are you a debt collection agency or affiliated with any?
No. We are an independent third-party acting between you and the collection agency to resolve any account issues you may be having.