You might be receiving endless phone calls from a company called CMRE Financial Services because of an outstanding medical bill. This company is known for hounding consumers like you to pay debts to hospitals and other healthcare companies. It might be tempting to ignore their representatives; that might only prolong your agony.
Collection accounts reflected on your credit report can significantly hurt your credit score. This exchange can go on for a decade or so, even after paying the amount you originally owed. You can only prevent this occurrence from happening by dealing with CMRE as soon as possible. Follow the steps listed here to save your credit score from potential damage and How You Can Get Rid Of CMRE Financial Services.
CMRE Financial Services: An Overview
Operating as a medium-sized collection company, CMRE Financial Services was founded in California in 1996. The company makes a profit by collecting debts on behalf of healthcare businesses, including hospitals, doctor’s offices, dental practices, ambulance services, and many others.
CMRE working in the healthcare industry both has good and bad indications. On the one hand, healthcare providers are mainly willing to settle unpaid medical bills for less than the amount owed. This is possible when your debt has been sitting untouched for several years already.
However, on the other, medical bills are known to be very expensive. Even by paying half the total amount, it might still be difficult for you to settle. This is where CMRE comes into the picture. And getting a notice from this company is never a good sign.
Once credit bureaus receive a report under your name, the company will start calling you and your insurance company excessively. Dealing with CMRE might be inconvenient as days go by. Websites like Crediful are reliable in providing consumers professional help. Click here to know more: https://www.crediful.com/collection-agencies/cmre-financial-services/.
Removing CMRE Financial Services From Your Credit Report
Once a collection account from CMRE Financial Services is reflected in your credit report, it may cause some significant damage to your credit score. This situation might subject you to harassing phone calls from the company’s representative. Learn how to get rid of CMRE by following the provided steps below:
- Request for a Goodwill Deletion
You have to worry about nothing once you’ve already paid your debt. You can have the collection account removed from your credit report by requesting CMRE Financial Services a goodwill deletion.
Out of fairness, goodwill deletion requires the company to remove any collection account reflected from your credit report. In this step, you need to provide CMRE a thorough explanation of why you paid your dues late. You also need to explicitly state that you want the collection account removed from your credit report.
Make sure to be always sincere and polite when communicating with CMRE. The company will less likely grant your request if you act rashly towards them. Remember that you ask them a favor and that the company has more to lose than you.
- Validate Debt
If you failed to secure a goodwill deletion from CMRE Financial Services, what you need to do next is to validate the debt. You only have 30 days after your first contact with the company to accomplish this step. Once this period ends, it might be harder for you to negotiate with CMRE.
Requesting for a debt validation requires collection companies like CMRE to verify whether the debt exists or not. The company also needs to validate all the information they have against you, such as the legal name, total amount, name of the original creditor, and debt acquisition date.
After submitting this letter to CMRE Financial Services, they have 30 days to respond to your request. Keep in mind to carefully look through the documents they’re providing you. Once you find anything suspicious, you may dispute this circumstance with the major credit bureaus. This will pressure them to remove the collection account from your credit report.
- Negotiate For a Settlement
After validating that the debt belongs to your name, the next step you should take is to negotiate for a settlement with CMRE. The compensation may come in the form of a pay-for-delete agreement. This agreement between you and the company stops CMRE from reporting the outstanding debt to the credit bureaus in exchange for a payment.
You may start by negotiating to pay half the amount owed. CMRE Financial Services may likely agree with your offer since the company is already paid pennies on the dollar. When both of you have already decided, you need to ask CMRE to prove your transaction. Never make a payment unless they provide you this letter.
You may start checking your credit report within 30 days to see if CMRE followed through with your agreement. If the company still appears on your credit report after this period, you need to reach out to them and remind them of your contract. The proof of transaction in your possession may come in handy in this kind of situation.
Takeaway
The thought of dealing with a collection company such as CMRE Financial Services can be frightening. But this is the only way for you to avoid future damages to your credit score. By following the steps provided above, you’ll eventually see the light at the end of the tunnel.
