MRS Associates Inc. is an organization that is specialized in accounting receivables and debt collection. It was established in 1991 and is headquartered located in Cherry Hill, New Jersey. If you’ve received a number of phone correspondence or calls sent by MRS Associates regarding a collection account, there are several effective methods you can employ to get it removed off your credit history.
How to get rid of MRS Associates from your credit report
- Do not make calls to communicate
- Request debt validation
- Find a way to settle a dispute
Avoid chatting on the phone.
You are protected as a consumer as a result of the Fair Debt Collection Practices Act (FDCPA). When MRS Associates is harassing you or you’ve got an issue you’d like to settle The initial step should be to mail MRS Associates a clear letter outlining your issue and inform them that you are conscious of your legal rights. The letter must be in writing and insist that all communications with the company be written only. This means that there will be no calls or emails and will create an evidence trail on paper that will help to avoid any miscommunications.
It is recommended not to utilize alternative methods of communication. For instance the case where a representative of MRS has an agreement with you via phone, but then cancels it the agreement, there is no method of proving the terms of the contract. The FDCPA safeguards you from unjust collection practices and writing an FDCPA-compliant letter to MRS Associates is the initial step to take when dealing with a business like this Associates.
Request debt validation
A lot of debt collectors earn money by purchasing the debt for less than its value and then reclaiming it from consumers. This is the reason why collectors are so persistent and need to collect to earn profits. To end the debt collector’s hassles and headaches, write a letter within 30 days after receiving the first contact from the company that is the first request for repayment. The letter is a request to the debt collection company to prove that the debt it’s trying to get rid of is yours and it has authorization to collect it.
It is recommended to mail the letter using certified mail to ensure you will receive proof once MRS Associates receives it. The company has to provide evidence to prove the debt. Sometimes, the companies who purchase debt do not have the documents necessary for this.
If MRS Associates responds, read through the document carefully to identify any mistakes. Contact the company immediately if something is wrong. Lack of evidence can force the company to erase the negative information from your credit file and cease calling you.
Find a way to settle a dispute
In the event that MRS Associates validates the debt then it’s time to negotiate. This is when you ask for an amount that is lower in exchange to remove the negative information off your credit record. Be sure to communicate only by postal mail. Start with a positive number like 50 percent of the debt however it is sometimes possible to settle the debt with as little 10 percent of initial amount.
If the company is willing to eliminate the negative record from your credit file if you pay the agreed amount the issue will be solved by contacting MRS Associates. Pay the amount and examine your credit report within 30 days to ensure that the collection record does not appear. If it is, you can write an email requesting you to make sure that MRS Associates fulfills its end of the contract.