How to Handle Location Services Debt Collection

Are you noticing "Location Services LLC" on your credit report? If so, you’re not alone. Over 30 million Americans have debt listed by collection agencies. Location Services LLC is one of many debt collectors working to recover outstanding debts. 

But how does this affect you, and what can you do to handle it effectively? This blog will walk you through everything about Location Services debt collection. It has an impact on your credit score and your rights as a consumer. The blog will also explore negotiating settlement terms with the LLC and removing the LLC from a credit report. It will also manage this situation and regain control of your financial health.

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Understanding Location Services LLC

Before exploring how to handle Location Services LLC, it’s important to understand who they are.

1. What is Location Services LLC? 

Location Services LLC is a debt collection agency that acquires outstanding debts from creditors. Their goal is to recover money owed by individuals like you.

2. How do they acquire debts? 

These agencies typically buy debts for a reduced rate from creditors, meaning they purchase the debt at a fraction of its original value. Once purchased, they begin the collection process.

3. Impact on your credit score

When Location Services LLC appears on your credit report, it can harm your credit score. In fact, a collection account can lower your score by 100+ points, depending on other factors in your credit report.

The location service LLC also has an impact on the credit score, and the effect can last for a considerable interval. 

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Credit Report Implications of Location Services LLC

When Location Services LLC appears on your credit report, it signals that they are actively working to collect a debt you owe. This can affect your credit score in several ways.

1. How does Location Services show up on your credit report? 

Once they purchase a debt, it’s marked on your credit report as a collection account. This negatively impacts your credit score, sometimes for as long as seven years.

2. How long will the impact last? 

The collection account can stay on your report for up to seven years. However, its impact may lessen over time as your credit age increases and other positive entries are added.

If you’re struggling with a negative entry from Location Services LLC, it’s essential to take action sooner rather than later to protect your credit score and financial future. You have certain rights that you need to know so that you can dispute the debt if it is not yours. 

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Debt Validation: Your Right to Dispute

If Location Services LLC has listed a debt on your credit report, it’s important to understand that you have rights under the Fair Debt Collection Practices Act (FDCPA).

1. The Right to Dispute: Under the FDCPA, you are entitled to dispute any debt listed by a collection agency, including Location Services LLC. This means that if you believe the debt isn’t yours or there’s an error, you have the legal right to request debt validation.
2. High Rate of Non-Verification: Many consumers don’t know this, but many debts purchased by collection agencies like Location Services LLC are often not properly verified. In fact, around 44% of debt collection entries on credit reports are found to be inaccurate or unverifiable. If you request validation and they cannot provide proof, the debt may be removed from your report.

Pro Tip: If you suspect that Location Services LLC has listed a debt incorrectly, consider sending a debt validation letter to initiate the dispute process. This is an easy first step to clear up errors potentially.

You can also negotiate with Location Service LLC by paying a lower lump sum. This can also improve your credit score.

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Negotiating a Settlement with Location Services LLC

If Location Services LLC is actively pursuing debt collection, it’s time to think about your options. One potential route is negotiating a settlement.

1. How much should you offer? 

Collection agencies typically buy debts for much less than the original value—sometimes as low as 20-40% of the outstanding balance. This opens up the possibility of negotiating a settlement for a fraction of what you owe.

2. What does a settlement look like? 

When you negotiate a settlement, you may be able to pay a lower lump sum to clear the debt. However, it’s important to note that while this can be a financial relief, it doesn’t always guarantee the removal of the collection entry from your credit report.

3. Will the debt be removed from your report? 

While paying a settlement can resolve the debt, it may not automatically remove the collection from your credit report. It’s essential to negotiate this as part of the settlement terms, or you may end up with a “paid collection” on your report, which can still negatively impact your score.

If you need help navigating debt settlement or have questions about the process, consider reaching out to professionals like Shepherd Outsourcing, who specialize in debt management and negotiation. Shepherd Outsourcing offers expert negotiation services to secure favorable settlements, often for less than what’s owed.

You can improve your credit report by reviewing your credit report regularly and eliminating common errors. You can also eliminate fraud by reporting immediately and initiating the dispute process. 

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Removing Location Services LLC from Your Credit Report

Sometimes, errors can occur, and you may be able to have Location Services LLC removed from your credit report. Here's how:

1. Finding Errors or Inaccuracies: Review your credit report thoroughly. Common errors include incorrect account details, wrong amounts, or debts that have already been paid off. You have the right to dispute these discrepancies.
2. Seek Removal in Cases of Fraud: If you believe the debt listed by Location Services LLC is fraudulent, you should report it immediately. Fraudulent debts are a serious matter and can be removed with proper documentation and investigation.
3. Dispute Process: If you find errors, initiate the dispute process with the credit bureaus. Once the error is corrected, Location Services LLC will be required to remove the incorrect entry from your credit report.

Pro Tip: Keep records of all communications, disputes, and any changes to your credit report. It’s important to stay organized during this process.

You may also receive continuous calls from your creditors that may harass you. You can take effective measures by requesting them not to harass you by writing a letter. 

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Handling Harassment or Collection Calls

Dealing with constant phone calls from Location Services LLC can be stressful and overwhelming. However, under the FDCPA, you are protected from harassment.

1. Why are they calling so frequently? Collection agencies typically call multiple times to recover the debt owed. If you’re receiving numerous calls, it’s because they’re working to recover the debt.
2. Your Protection: The FDCPA protects you from aggressive tactics like repeated phone calls, threats, or harassment. If you feel harassed, you can request that they cease contacting you by submitting a written cease and desist letter.

You can also get professional help to stop harassment. Professionals like Shepherd Outsourcing’s debt management will address debt through various methods and help maintain peace.

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Stopping Calls from Location Services LLC

To stop collection calls from Location Services LLC, you have a few options:

1. Address the Debt: The most effective way to stop collection calls is to resolve the debt. Whether you pay the debt, negotiate a settlement, or dispute it, resolving the underlying issue will likely halt the calls.
2. Consider Professional Help: If the calls persist and you’re unsure how to proceed, consider getting professional assistance from a debt management company like Shepherd Outsourcing. Shepherd Outsourcing can help you explore the complexities of debt settlement and collection issues, ensuring that your rights are protected.

Shepherd Outsourcing provides expert guidance in managing debt, including negotiating settlements and improving credit scores. The personalized approach ensures you understand your rights, explore collection issues effectively, and achieve the best financial outcomes, offering peace of mind throughout the debt resolution process.

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Conclusion

Dealing with Location Services LLC and other collection agencies doesn’t have to be overwhelming. You can regain control of your financial situation by understanding your rights, disputing inaccuracies, and negotiating settlements. Remember, you have options, whether it’s validating a debt, settling for less, or seeking professional help to remove negative marks from your credit report.

If you're ready to take action and improve your credit, Shepherd Outsourcing is here to help. The team of experts can assist with negotiations, credit repair, and managing your debts so you can focus on your financial recovery. 

Would you like assistance with debt management or need help negotiating a settlement? Reach out to Shepherd Outsourcing now!