If you’re wondering what BCA Financial Services is and why it is on your credit report, this guide is for you.
With all the financial obligations of life and the hustle and bustle of everyday life, it can be all too easy to slip a payment through the cracks.
This is especially true with medical debt, which can be overwhelming at times.
If you’ve defaulted on healthcare payments, BCA is likely on your report.
While in existence, having a debt collection account can lower your credit score and keep you from getting approved for credit cards, loans, jobs, and leases.
Read on to learn how BCA works and what you can do to get it off your credit report.
About BCA Financial Services
BCA Financial Services, Inc. has been in business since 1944. The agency is headquartered in Palmetto Bay, Florida.
You can reach the agency at the address below:
18001 Old Cutler Rd # 462
Miami, FL 33157
BCA offers various services including:
- Overdue Collection Services
- Rejection Management
- Insurance follow-ups
- Revenue Cycle Consulting
- And more
Collections are primarily aimed at healthcare debt.
If you are overwhelmed with handling negative entries on your credit report,
We encourage you to seek help from a professional credit repair company.
Ask Lex Law for help
How does BCA Financial Services work?
If your lender or service provider is unable to collect payments on your debt, they will be collected.
If so, a negative entry will be added to your credit report and your debt will be turned over to a collection agency.
The collection agency can be hired by your provider to assist with the collection process, or they can buy your debt right away at a significant discount.
Regardless, they can keep track of you with phone calls and letters until you settle your account.
Worse, debt collection accounts will lower your credit score and stay on your report for 7 years.
And if you pay off your debt, it won’t necessarily get off your report.
Dealing with BCA Financial Services
Debt collection agencies are often the subject of complaints about incorrect reporting and aggressive tactics.
For information on complaints against BCA, please contact the Better Business Bureau and the Consumer Financial Protection Bureau.
You should also read up on the Fair Collection Practices Act.
This law was written to protect consumers from abusive debt collection practices and to ensure accurate reporting.
Among other things it says:
- Collection agencies are only allowed to call from 8 a.m. to 9 p.m.
- You are not allowed to give your personal data to other people
- The agencies must respect your wishes in order not to be contacted at work
- Under no circumstances should they threaten illegal acts or use abusive language
Another right that we recommend exploiting? Communication only with the agency by post.
Calling collection agencies can be frustrating, but there’s a more important reason to choose to have written correspondence.
Letters will give you evidence and document your conversations in case you have legal issues with BCA or need evidence to remove it from your report.
3 Ways To Remove BCA Financial Services From Your Credit Report
Now that you’re familiar with the FDCPA and the debt collection process, here are some strategies to remove a debt collection entry from your credit report.
1. Ask for evidence
Thanks to the FDCPA, collection agencies are required to provide evidence of your debts upon request.
This could include details like your identification information, account number, and your account documentation.
If they can’t, they’ll need to stop contacting you and contact the credit bureaus to have the listing deleted.
In cases of identity theft or inaccurate reporting, the first thing to do is to apply for a debt verification.
But this strategy is worth trying even if you owe BCA Financial Services. Why?
Because third party companies like BCA don’t always keep the information they need to validate your debt.
By sending a simple debt review letter, BCA can be removed from your report without paying a dime.
The key to this method is working quickly. You have 30 days to dispute a claim as soon as a debt collection agency contacts you.
2. Make a pay-for-delete agreement
When 30 days have passed or BCA has been able to validate your debt, you should schedule a payment.
However, you shouldn’t sign up or pick up the phone and just pay what you owe.
This will stop BCA from contacting you, but it won’t do any credit to your credit.
You will need to get the agency to agree to remove the account from your report in exchange for your payment.
If you are proposing a pay-for-delete agreement, you can also negotiate a price.
Collection agencies are often willing to accept a fraction of your balance to close your account as they continue to benefit from the transaction.
It can’t hurt to negotiate a cheaper rate with the debt collection agency. To ensure this strategy works as planned, be sure to send a letter instead of speaking to BCA on the phone.
This way your conversation will be well documented.
Once you’ve made a payment, keep checking in to make sure the entry is removed from your report.
If it’s still there in a month, then you should contact the agency.
3. Work with a credit repair company
If you want to remove BCA from your credit report but don’t want to do it yourself, you’re in luck.
Credit repair companies are experts at working out debt and getting you out of debt collection.
Whether you’re just dealing with collections or facing bigger challenges, these companies can help.
Here are some of the problems they often encounter:
- Real estate liens
- Identity fraud
- Bad payment history
If you feel like you’re overwhelmed, don’t hesitate to reach out to any of these companies for advice.