Secrets To Deleting GC Services From Your Credit Report

Your life can become a living nightmare if you fail to pay your creditors on time. Creditors often go to debt collection companies like GC services to get back their money. GC Services also provides all kinds of services pertaining to debt collection to its clients. It caters to credit card companies, money-center banks, local, state, and federal government organizations, telecommunication companies, and many more organizations.

Some of the services offered by GC Services who claim to be the largest private debt collection agency in North America include debt collection, diligence processes and reporting, fraud monitoring, and skiptracing. The company is based in Houston, Texas. Once your account is handed over to GC Services, you cannot stop it from coming on your credit report as well. Needless to say, having a collection account on your credit report can further damage your credit score and destroy the possibility of getting any good deals in future.

To protect the rights of consumers, the Fair Debt Collection Practices Act Collection (FDCPA) has outlined certain guidelines for collection agencies. For instance, it does not allow any debt collection company to call a consumer before 8 a.m. 9 p.m. Similarly, the law forbids GC Services from talking to a third party including your neighbors, relatives or friends about your debt. So, if you feel that GC Services has violated any of the rules outlined under the Act, you have the right to seek legal help.

You can contact your local state attorney general's office to file a complaint against GC and also lodge a complaint with the FTC. There are ways to tackle such agencies though you must remember that once you deal with a particular company does not mean that it's the end of the matter.

After all, there are a myriad of debt collection agencies and if GC Services fails to recover the money, your creditor will surely try his luck with a new company. The best way to deal with such situations is to know your rights, exercise them diligently, and take help from a good credit repair company. The best way to remove your these negatives from your credit report, you can do it yourself. Pull your credit report, categorize your negatives, and send off the proven credit repair letters to start the disputing process.

If you don't have details on what the alert is you will be in a continual state of panic. Credit is not stagnant and with so many changes happening daily these alerts could come all the time, daily, weekly, or monthly depending on how active your credit profile is. You can see there is much homework to do when deciding on a monitoring service. If you are highly educated about your credit and monitoring services it could be helpful for keeping you aware of the general picture of your credit portfolio.

If you are uneducated or don't have the time to keep track of your current credit situation it could be a source of continual anxiety and frustration. Education is the key to staying updated on your credit and its significance to your financial life. There are other ways to protect yourself against identity theft and credit card fraud and we will address them in this 2 part series.

Landlords, employers, and insurance providers may also request permission to see your credit report and use your score and credit history to decide whether or not you can rent an apartment, be hired for a position, or receive insurance coverage. What is the difference between a VantageScore and a FICO Score, In most cases, your FICO credit score and your VantageScore will be relatively similar, but they aren’t quite the same. VantageScore was developed by Equifax, Experian, and TransUnion.

The FICO score was developed by the Fair Isaac Corporation. It has been around longer than VantageScore and is still the score many lenders rely on, so if you’re getting a mortgage or a car loan, creditors will likely use your FICO Score. What is a good credit score, Although the ranges for VantageScore and FICO scores are similar, the breakdown of what is considered a good credit score varies slightly.

A FICO score between 670 and 739 is considered good, a score between 740 and 799 is considered very good, and a score between 800 and 850 is considered excellent. If you’re not happy with your current credit score, there are many things you can do to improve it. Sign up for credit monitoring.

A credit monitoring service makes it much easier to keep an eye on your credit score and your reports. Our number-one recommendation, IdentityForce, even offers a credit score simulator that lets you see how certain actions can affect your score. Pay attention to your credit utilization ratio. In most cases, it is best to keep your balances below 30% of your credit limit on revolving credit accounts (such as credit cards).

Pay all your bills on time. A huge portion of your FICO score and your VantageScore comes from your payment history. Even if you have a lot of debt, you’ll be much better off if you always make your payments on time. It is important to make credit card and loan payments on time, but paying utilities, rent, and other bills promptly is also essential.

Sign up for automatic payments when possible and schedule reminders in your calendar or on your smartphone for accounts that don’t allow automatic payments. Schedule these reminders a few days early so you can make sure a payment goes through on time, even if it is due on a Saturday or Sunday. Check your credit report for errors. Order copies of your credit reports (or use the copies provided by your credit monitoring service) and review these reports for errors. If you find a mistake on your credit report, you can dispute it with the credit bureaus. The FTC offers lots of advice for consumers about disputing credit report errors.

Not only that, you'll know about due dates or exceeded bills if you have this service. You'll easily know about the goings-on in your credit report easily, so any sign of errors will get you disputing a file early to your credit agency. You can even track fishy transactions in your credit report; you just have to learn how to detect one.