DCM Services: 5 Proven Tips to Handle Them

Have you been contacted recently by DCM Services? If yes, you are not alone in this frustrating situation. If you have doubts if they are a legitimate company, sad to say, they actually are. DCM Services is a debt collecting agency located in Minneapolis, Minnesota, and was founded in 1999. They usually collect debts on financial services, medical debts, and auto lenders.

DCM Services is extremely bad for your credit report and what is worse is that they can stay in your credit report for at least seven years even if you have paid an alleged debt. Paying them won’t help your credit report, but it can even lower your credit score. In the light-matter, you can remove them from your report even before seven years and even without paying them.

With that in mind, here are the proven ways in handling collection agencies like DCM Services.

Seek Advice from Professionals

The best way to handle DCM Services is to ask for advice from professionals or hire a credit repair specialist. You don’t have to worry about these collecting agencies anymore if you hire a credit repair specialist because they will be the ones to file a dispute for you regarding the alleged debt and will do all the hard work for you. All you have to do is sit back and relax.

Another advantage of having a credit repair specialist is they will assist you in correcting all the wrong information in your credit report. Not only that, if unfortunate things happen like you want to file bankruptcy and you won’t be able to pay your debt, they can do it for you. Keep in mind that collecting agencies can’t claim against an insolvent person.

Exercise Your Rights

Another best way to handle DCM Services is knowing your rights so they won’t be able to harass you or even pose a threat. These collecting agencies won’t stop calling you no matter how much you explain to them that you don’t recognize the alleged debts unless you know your rights. One of these rights includes that they can only call you between 8 am and 9 pm.

Also, to stop these unwanted calls when you are at work, it would be best to tell them that one of your rights includes that they cannot call you during working hours. Besides, it’s a good idea to ask for a call back number from collecting agencies if they are a legitimate company. If they are, then they won’t have problems providing you their company name and number.

Request for a Debt Validation Letter

DCM Services is known to be very aggressive and even abusive when it comes to collecting debts which should not be the case. One of the best ways to ease this aggressiveness is to ask for a debt validation letter. This letter contains past transactions that you owe them. But if they can’t provide evidence that you owe them, then they should remove the debt.

Requesting a debt validation letter is within your constitutional rights, so never hesitate to ask for one. Besides, most creditors will have a hard time proving their claims against you. With that being said, if they were able to prove that you owe them and now you recognized the debt, you need to pay them. But if otherwise, they should remove the negative entry.

Opt for a Pay-for-Delete Arrangement

A Pay for delete agreement will come up when you acknowledge your debt, and you want to pay it. However, before you pay it, it would be best to make arrangements with the collecting agencies that you will only pay your debt if they remove the negative entries in your account. Usually, they would agree to this setup, and they won’t call you again regularly.

Keep in mind, though, that when you negotiate over the phone, it’s a good idea to record your call so you will have evidence when they agree with your negotiation because sometimes collecting agencies forget about negotiations they agreed to. But if the negotiation runs smoothly, you will see the negative entry removed from your account within 30 days.

Create a Letter of Goodwill

We can never avoid financial difficulties in our lives. Financial problems are the most common problem that every human being must deal with. With that said, if worst comes to worst that you cannot pay your debt, your last resort is to write the collecting agency a letter of goodwill. In your letter, you must be honest about why you are incapable of paying your debts. 

After writing your letter of goodwill, the last thing you can do is to wait for their approval. This may be a bizarre situation for you that it will be approved but never lose hope. Keep in mind, though, that the letter’s approval will still be at the collecting agencies’ discretion. Whatever the result may be, it’s a good idea to include words that will make them trust you.

Takeaway

With the facts you have, determination, and your commitment, you can get rid of them. With that said, those mentioned above are the simplest and proven ways in handling collecting agencies like DMS Services. It would be best to read and understand this article so you will know how to deal with them if they call you again.