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How to Remove Radius Global Solutions from Credit Report?
Quick Summary
Radius Global Solutions is a debt collector company that also purchases debts from credit card companies and medical providers. If it shows up on your credit report, it can negatively impact your credit score. If the debt is valid, you can pay it off or negotiate a settlement. However, if the debt is inaccurate, you can dispute it with the credit bureau to get it removed.
If you get a collection call from Radius Global Solutions, it may be because a past-due account of yours has been sent to collections or sold by the original creditor. Radius Global Solutions acts as a third-party debt collector and may appear on your credit report if you owe an outstanding debt that the company may have acquired through debt purchasing.
While it may seem natural to panic, you need to verify the debt before paying anything for debt settlement. It's crucial to establish the legitimacy of the debt, so you can negotiate a settlement if the debt is valid or get it dismissed if it doesn’t belong to you or if there’s been a mistake. In this blog, we’ll discuss how to respond the right way and what steps to take to remove Radius collections from your credit report.
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Sign Up NowWhat Is Radius Global Solutions?
Radius Global Solutions is a globally operating debt collection agency that offers first- and third-party recovery services. They offer both consumer and commercial debt collection services. Additionally, they also delve into customer engagement and business process outsourcing (BPO) services for various industries, including finance, healthcare, telecom, and retail.
Why Is Radius Global Solutions on My Credit Report?
The Radius collection account may appear on your credit report if you owe any past-due medical bills, utility bills, credit card, or other services, and it was purchased by Radius Global Solutions.
How It Impacts Your Credit:
If a collection account is reported to the credit bureaus, it can negatively impact your credit score. In fact, it can damage your scores by 100 or more points.
Who Does Radius Global Solutions Collect For?
Radius Global Solutions works with many industries, including financial services, healthcare, telecom, utilities, retail, transportation, government, and hospitality. They collect past-due accounts for banks, credit card companies, medical providers, internet/phone companies, utility providers, retailers, logistics firms, schools, and hotels.
What to Do If Radius Debt Collection Appears on Your Credit Report?
1. Request Written Debt Validation
Request written validation of the debt from Radius Global Solutions upon first contact. It is best to immediately send a letter with a formal request asking them to provide the documentation to prove you actually owe the money they claim.
Doing so helps in the following ways:
- Determine the legitimacy of the debt
- Avoid fraudulent collection attempts
- Helps you obtain the debt details, including:
- Amount of debt
- Name of the creditor
- Your options regarding disputing the debt (if needed)
It is best to send it via certified mail with a return receipt requested so you have proof of delivery. Make sure to carefully review all documentation provided to ensure it matches your records and the information is accurate.
2. IF THE DEBT IS VALID
If the debt is legitimate and the statute of limitations applies, you have the following options:
- Pay the Debt: You can pay the debt in full to settle it. The Radius Global Solutions payment can also be made in installments if they agree.
- Negotiate a Settlement: You can also try negotiating a settlement with the Radius Global Solutions debt collector. They may be open to accepting a lower lump sum settlement than the original sum, especially for very old debts.
- Request a "Deletion": In some cases, you may be able to negotiate a pay-for-delete to have the account removed from your credit report and paying an agreed-upon sum.
It may take up to 30 days for the information to be removed. Make sure to check your credit report to see whether the correction has been reflected in the records by the credit bureaus.
3. IF THE DEBT IS INACCURATE OR SCAM
If there are any inaccuracies, you can raise a dispute with the credit bureaus and report it if it’s a scam attempt.
- Disputing the Debt: If you discover any mistakes, i.e., if the debt does not belong to you, the owed amount is inaccurate, or the debt was erroneously reported, promptly dispute it. You have 30 days to dispute it under the Fair Debt Collection Practices Act (FDCPA) guidelines.
- Report the Scam: If you suspect that the attempt by someone representing Radius Global Solutions was actually by a scammer, and unable to validate the debt, do not provide any information. You should immediately report it to the FTC or CFPB and take legal action if required.
| How to Raise a Dispute? 1) Draft a Written Dispute Letter: Write a letter clearly stating which information is incorrect and why. 2) Gather the Documents: Attach copies of the relevant documents supporting your dispute claim. Include a copy of your credit report, circling the errors. 3) Send Dispute Letter: You need to send a written dispute letter through registered mail or online on the credit bureau’s website. You can mail your letter to the appropriate credit bureau. ▪ Equifax: P.O. Box 740256, Atlanta, GA 30348 ▪ Experian: P.O. Box 4500, Allen, TX 75013 ▪ TransUnion: P.O. Box 2000, Chester, PA 19016 4) Use CoolCredit App: You can use the ready-to-use dispute letter templates from the CoolCredit app to instantly generate a personalized letter to boost the chances of a successful outcome. 6) Monitor Your Credit Reports: After submitting the dispute request, you also need to regularly check your credit report. The credit bureaus usually take about 30 days to investigate your claim and make a decision. So you can use the CoolCredit app for credit monitoring or wait for the credit bureau to notify you. |
Other Important Considerations
- Don’t Ignore It: If you receive a collection call from Radius Global Solutions, don’t just ignore it. Ignoring a collection notice can have negative consequences and could even result in a lawsuit.
- Know Your Rights: While the Radius Global Solutions debt collector may employ aggressive and relentless tactics, keep in mind that debt collectors must adhere to federal and state laws relating to debt collection under FDCPA. So, you can request written debt validation, and you are entitled to dispute inaccurate reports.
- Beware of Scammers: You should call the collection agency directly, rather than calling the numbers from the caller, to verify that the collection agency is legitimate. This is why it’s important to request debt validation from the debt collectors. If they cannot verify the debt, then you may not have to pay them anything. If you feel it was a scam, report it.
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Download the appConclusion
Seeing Radius Global Solutions on your credit report can be stressful, but you have options. Your next steps should be to ask for debt validation—whether that means disputing an error or negotiating a settlement. With the right approach, you can remove inaccurate entries and protect your credit health. Taking timely action is the key—understand your rights, and take the right steps. A collection account on your credit report doesn't have to dictate your credit future.
FAQs
Q: Why Am I Getting Calls from Radius Debt Collection?
A: If you get contacted by Radius Global, it is probably to collect an overdue debt. The debt collector company often acquires debt from other creditors, so they may have most likely bought your debt.
Q: Is Radius Global Solutions a Debt Collector Company?
A: Radius Global Solutions is a debt collection company that specializes in consumer debt and third-party collection services. They take care of collections for various types of debts, including healthcare debt, utility and telecommunications debt, power bills, and more.
Q: Is Radius Global a Legit Debt Collector?
A: Yes, Radius Global Solutions is a legit debt collector company that is accredited with the BBB (Better Business Bureau). They have an A+ rating from the BBB.
Q: How to Settle Debt with Radius Global Solutions?
If the debt is legit, you can pay off the debt in full, or they may also agree to a settlement where you pay a lump sum amount lower than the original.
Q: How to Deal with an Inaccurate Debt with Radius Global Solutions?
A: If the debt Radius Global is trying to collect is invalid, inaccurate, or erroneous, you should first ask for a debt validation. You can raise a dispute with the credit bureau through mail, online, or using the CoolCredit app’s result-driven dispute letter templates for convenience.
