It’s all too easy to miss a payment on one of your accounts and put it on the back burner for later.
Unfortunately, a simple mistake can seriously affect your bankroll.
When your debt is collected, it is important to clear things up quickly.
Once you have been contacted by BYL Collections, the following information can help you move forward.
How does BYL Collection Services work?
BYL Collections is not a household name, but collects for several companies in different industries.
BYL, based in Westchester, Pennsylvania, is a third-party debt collection agency founded in 1998.
The agency specializes in consumer collections, commercial collections, and medical device restoration.
This is how BYL Collection Services and other agencies that like it work.
If you owe money to a lender or service provider, they will send you reminders and request payment.
If their attempts fail, your debt will be recovered. At this point, a collection entry will be added to your credit report.
This type of entry stays there for 7 years and can lower your credit score significantly as long as it is on your report.
Companies turn to collection agencies like BYL Collections, either by selling them your debt for pennies on the dollar, or by hiring them to manage their collection efforts.
Once on their list, a collection agency can call you, send reminders, and leave messages until you’ve made the payment.
Read on to learn how to respond to their communications and remove the agency from your credit report.
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 to contact BYL collections
Collection agencies get a bad rap because of the nature of their work. Many agencies receive complaints about their forced collection attempts and incorrect reports.
You can learn more about BYL collections and how they deal with customers by viewing complaints filed against them with the Better Business Bureau and the Consumer Financial Protection Bureau.
If you think your rights have been violated, you can also use these platforms to voice your complaints.
To understand how collection agencies can and should not treat you, you need to read up on fair collection practices law.
The FDCPA is your shield against abusive collection practices and inaccurate reporting.
It lists various restrictions that debt collection agencies must adhere to, such as:
- Call only between 8 a.m. and 9 p.m.
- Contact us only about your debts
- Avoid contacting you at work on demand
- Do not use abusive language or threaten illegal actions
In addition, you can set the conditions for your communication with collection agencies.
That means you can stop the calls from BYL Collections and only communicate in writing. This is a solid strategy as it not only mutes the agency’s calls, but also documents your conversations.
You can contact BYL Collections at the following address:
BYL Collection Services
301 Lacey St.
Westchester, PA 19382
3 Ways To Remove BYL Collections From Your Credit Report
With the above information, you can contact BYL Collections.
Here are three ways you can remove the collection entry from your credit report.
1. Submit a Debt Validation Letter
A credit report error could be responsible for the collection entry on your report. Or it could be the work of an identity thief.
In both cases, you should get to the bottom of the situation quickly. You can do this by submitting a confirmation letter.
The FDCPA gives you 30 days to dispute a questionable entry on your report.
If you’re filing a dispute letter that you can easily fill out using a free template, the agency will need to provide you with account information.
If they can’t prove the guilt is yours, it will be removed from your report and they will stop calling and texting you.
While this strategy is obviously wise if BYL is inadvertently included on your report, it is well worth giving it a try even if you owe them money.
When third party agencies like BYL Collection Services get consumer debt, they don’t always keep the records they need to keep up their attempts.
There is a chance you could remove the collection account without paying a dime of what you owe.
2. Make a pay-for-delete agreement
If it’s too late to review the debt or you tried but the agency was able to provide evidence, you will need to make a payment to remove the debt collection entry from your report.
However, you may not have to pay the full amount you owe. Debt collection agencies are often willing to accept a negotiated amount of money when you enter into a pay-for-delete agreement.
You can only pay half of your debt.
Here it is important that the agency agrees that your entry will be deleted. If you only pay the balance in your account, the entry will not be deleted from your report.
For this method to be successful, you should document the agreement in writing instead of setting it up over the phone.
Once you and the agency have agreed an amount and they agree to have their listing removed from your report, you should submit a payment.
From there, your credit report should update pretty quickly.
Use a credit monitoring app to keep track of your score and changes to your report. It should be updated within one month of your payment posting.
If not, contact the agency again to make sure your agreement is being followed.
3. Use a credit repair company
Removing a collections account from your credit report takes some time and effort. If the task seems too daunting, you don’t have to go it alone.
Many consumers turn to credit repair companies to help counter debt collectors and improve their credit scores.
They will take a close look at your credit report and address the negative points that are lowering your score.
They can help by sending out debt review letters, denying fraud, and negotiating cancellations.
In addition to tackling collection accounts, you can recover:
- Hard requests
- Real estate liens
If you’re wondering which company to partner with, check out our list of the best loan repair companies.
The companies listed have great customer reviews and a solid success rate.