Have you recently received phone calls from or seen any references to JCS in your credit report? If you haven’t paid a medical or credit card bill in a while, they may start calling you, and it might hurt your credit for years if you don’t take care of it.
In the United States, having an account in collections shown on your credit record might hurt your score for over seven years. Lucky for you, JCS can be taken off your credit report with a little work and a professional’s help.
What Is JCS, LLC?
You may suspect fraud if a business contacts you regularly for payment. JCS is a genuine debt-collecting business that buys loans from the original creditors. The company essentially purchases bad debt from the original service provider.
With its base in Saint Cloud, Minnesota, JCS has been buying and collecting debts since 2002.
Credit reports may list JCS under various names, such as Jefferson Systems, Jefferson Capital LLC, JCS Verizon, or Jefferson Collection. The organization pursues bankruptcy debt in addition to debt owed to service providers across various sectors.
How Does JCS Operate?
After all other collection methods have been tried and failed, it is common for businesses to sell the right to collect outstanding debts to outside debt collection firms for a small fee.
After JCS acquires a debt, its agents may contact the debtor through telephone, electronic mail, and other means until payment is made. The debt will be recorded on your credit report for as long as seven years.
How to Remove JCS From Your Credit Reports.
Following the actions below, you can have JCS deleted from your report, and your credit score will rise. Whether JCS is trying to collect a fake debt from you or you just neglected to pay your cable bill, you may take one of these specific steps to put an end to the hassle:
- Verify the debt.
You have 30 days to file a dispute when a debt collection account initially shows on your report. You have the legal right to send a letter to JCS under the FDCPA. The collections account must be deleted from your credit report if they cannot prove you owe the bill.
Jefferson Capital buys loans from other firms and may need more documentation to verify your alleged debt to them.
You only have 30 days from the time the collection agency approaches you or the negative item shows on your credit report to write (JCS).
- Try to work out a partial payment plan for your bill.
Consider paying to (JCS) to meet their criteria if you miss the 30-day deadline or if they answer your debt validation request with evidence. Companies like this acquire loans at discounted rates, so they can afford to take lower payments than what is owed. For instance, a $150 phone bill may be paid off with a $75 payment.
You should write down your negotiations with (JCS) for precise documentation. The collection account should be erased from your credit record after you’ve settled and paid the agreed-upon amount. If it has yet to be removed within 30 days, you should contact the agency through a letter to ensure it abides by the terms of the agreement.
- Make a Case to the Credit Bureaus
If you disagree that you owe the money or believe the agency should take additional steps to confirm your obligation, you can report with the credit bureaus. Each credit reporting agency must be contacted individually to initiate a dispute.
To report your debt, the credit bureau must first validate it. If they are unable to, they must remove the damaging information from your credit report. Remember that the collection agency might continue trying to get their money from you even if the debt is erased from your credit report.
- Consult a credit repair service for assistance.
When in doubt, call in the experts. Debt collection accounts may be deleted from your record, but doing so might be difficult. Instead of wasting time and energy haggling with creditors, you may hire a credit repair agency to handle your debt disputes on your behalf.
Companies like Lexington Legal and Credit Saint employ lawyers and credit experts that may represent your interests. Dealing with (JCS) might be stressful, but they can help you dispute your debt and improve your credit quickly.
What Is a “Pay for Delete” Policy?
If you pay your debt to an agency, they might accept to take the account off your report. A “pay for delete” agreement has been reached. Be sure you ask the collection agency representative whether your file will be erased if payment is made. A “pay for delete letter” is an official way to establish the terms of the deal and secure a written commitment from the other party.
Remember that you cannot demand that a credit reporting agency erase a lawful account from your file. Although it will be marked as paid, it might still be visible on your credit report seven years after it became overdue.
Paying to have something erased is a risky proposition. Despite the possibility of failure, it’s still worth a shot.
What Happens If They File a Lawsuit?
For a small amount of money, collection agencies may sue you. Don’t just ignore a lawsuit that a debt collector has filed.
Judge will likely grant summary judgment against you if you don’t answer. The court will issue a judgment ordering you to pay the debt. Your salary may be garnished if you don’t comply. Your property may be taken in certain states.
A lawsuit is always a possibility when dealing with an aggressive debt collector, however, not all organizations will really go through with it.
How can I face a lawsuit from JCS?
As a debt collection business, (JCS) often acquires accounts receivable from other organizations. The creditor may sell the debt to a third party if an account defaults. If (JCS) has filed suit against you, it is likely because they have purchased a debt originally owed to another creditor.
If JCS eventually sues you, here are specific steps you may take to handle the situation:
- Make an appearance
Don’t hide your head in the sand, for starters. At the outset of a small claims case, the defendant must attend a “case management conference,” In circuit court, the defendant has 20 days to produce a written answer from the day the complaint papers were served.
The court will likely impose a default judgment against the defendant if they fail to attend or answer. Don’t let a first-round defeat discourage you from responding (or ´9l’0hiring someone to do so)!
- Have a look at the proof.
Go to the case files next. Another company’s documents used in a lawsuit may be erroneous. Don’t take their word for it; investigate the allegation first. Verify the accuracy of the claim and the stated amount.
- Think about your choices.
It’s essential to factor in the supposed litigation debt, your other debts, and your income. Is there a way to refute this assertion? Do you have the financial means to settle, or would it be better to file for bankruptcy? Here’s where it could be helpful to take advantage of a debt relief agency’s cost-free first consultation and talk things over with a trained specialist who can help you assess your choices in an unbiased light.
If bankruptcy is not an option, bargaining may be the next best move, depending on the specifics of the case. If you retain legal representation for your debt settlement action, your lawyer will handle all negotiations on your behalf. If you insist on going it alone, however, it is usually a good idea to at least try to have a conversation with the competing business rather than doing nothing.
Remember that they are not looking out for your best interests. They will not provide you information on how to fight the case or how to avoid being contacted by the collectors. The goal of their work is to secure a financial transaction with you.
- Any Agreement to Resolve a Dispute Must Be in Written
Last but not least, even if you’re representing yourself, a settlement agreement must be written.
(JCS) may file a lawsuit against you if they cannot successfully collect from you using non-threatening means (such as a collection call). They can go to court to collect the debt via measures like a bank levy or wage garnishment.
You should get the advice of a consumer law solicitor in your state if Jefferson Capital sues you. You must respond to their summons and complaint to avoid losing the case by default.
Take action! Once you have been served with a summons, remember that doing nothing will not make the lawsuit disappear.