Does AWA Collections Hurt My Credit Score?Īny derogratory mark under it's statute of limitations may severely impact your credit score. Getting this account removed may be possible. This hurts your score (and chances) to get approved for a loan or other important financial event. Even worse, a collections account now appears on your credit report. They may attempt to communicate with you via mail or phone calls (demanding payment). In other cases they may not own the debt themselves, instead being paid to collect on behalf of another company. Usually this means they paid pennies on the dollar, sometimes 1/10th of the original cost, to buy this debt. In some cases this means they purchased the debt from the original creditor (i.e. If they are not keeping the appropriate and legal paperwork, they are not allowed to list that account on your reports.AWA Collections is a debt collector reporting a collection account on your credit report.
They are required to keep records that allow them to list that negative information on your report. As much as credit card companies, loan companies, banks or debt collectors can tarnish your credit and financial freedom with a single keystroke, the USA has laws for the consumer - YOU! As much as a car repo company wants to list a $8000 debt on your report it is your legal right to challenge the validity of that debt and the bureaus themselves.
#WHO DOES AWA COLLECTIONS COLLECT FOR MOD#
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