Whether you came across the First National Collection Bureau while checking your balance or received a call or letter from the agency, you need to act quickly.
As long as a collection account is on your report, it will hurt your bankroll, not to mention the stress on your daily life.
If you need more information about how collections works, read on.
The following guide describes the collection process. We provide simple steps to remove a First National listing from your credit report.
What is the first national collection office?
If you are concerned about the legitimacy of the First National Collection Bureau, you can be sure that the agency is valid.
First National is a certified debt collection agency headquartered in Nevada. They have been collecting consumer debt since their inception in 1983.
Some third-party collection agencies buy debts for pennies on the dollar. But FNCB is hired by companies to collect debt.
If you’ve defaulted on payments in an industry like the one below, it may be because of the entry on your report:
- Bank credit cards
- Car loans
- Retail cards
If a lender or a company like your phone or internet service provider doesn’t get payment from you, they may be able to use a debt collection agency to help.
At this point, a collection entry will be added to your credit report that can lower your score by several points.
Once a collection entry is added to your report, it will stay there for 7 years. The agency can also call you and send you letters regarding your 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
Dealing with the First National Collection Bureau
Like most collection agencies, the First National Collection Bureau has its fair share of consumer complaints.
FNCB has hundreds of complaints between the Consumer Financial Protection Bureau and the Better Business Bureau.
Most of the complaints filed against this particular agency concern inadequate response to requests for debt validation and incorrect reporting.
Fortunately, you have rights under the Fair Collection Practices Act. This law provides specific guidelines for how collection agencies interact with consumers and report their accounts.
For example, the FDCPA limits when collection agencies can contact you. And it prohibits them from giving your personal information to anyone else to collect payments.
In addition, you can set the limits for communication with debt collection agencies.
If you have not already done so, consider sending a letter to the First National Collection Bureau stating that you are familiar with your rights under the FDCPA. And tell them that you want to limit your correspondence to letters.
That way, every conversation you have with the agency is well documented. If you’re having legal trouble with the agency or getting a payment to remove the collections account from your credit report, you have evidence to help you.
With that in mind, let’s examine some strategies to help you deal with the First National Collection Bureau.
3 Ways To Remove First National Collection Agency From Your Credit Report
With a clear understanding of the FDCPA and the FNCB, you can contact them to have their collection account removed from your credit report.
1. Ask about checking the debt
Another benefit of the FDCPA is that collection agencies must provide evidence of the debts on which they are collecting.
But only as long as you request this information within 30 days.
If you send the agency a debt review letter within this timeframe, they will be required to provide them with bank details to verify that the debt is yours.
If you have any questions about the legitimacy of the debt, be sure to ask for confirmation.
Confusion in reporting could be to blame. Or someone has fraudulently used your identity to obtain credit.
In either case, don’t delay clearing the confusion.
Even if you know that FNCB’s bulk attempt is legitimate, you can still succeed with this strategy.
As a third party, the agency may not have the necessary evidence to secure the capture attempt.
If a collection agency cannot provide you with information to prove that the debt is yours, it will be removed from your credit report. And the agency will stop communicating.
2. Set up a pay-for-delete agreement
If the debt review is unsuccessful or you missed the 30 day dispute window, you should try setting up a pay-for-delete agreement.
Here’s how it works: in many cases, debt collection agencies are open to accepting some of your outstanding balance to pay off your account.
For example, you could negotiate to pay off 30-50% of your debt. The key to this strategy is for the agency to delete your collection listing upon payment.
If you don’t, your payment will stop the agency’s calls. But it won’t help your credit.
To ensure the entry is removed, send FNCB a letter offer offering payment in exchange for deleting the collection account.
Once you and the agency have agreed an amount and made a payment, your credit report should be updated relatively quickly.
Keep an eye out with a free credit monitoring app. If your report is not updated within a month to reflect your payment, you should contact the agency again to make sure it is met.
3. Hire a credit repair company
Don’t want to contact FNCB about your debt?
You don’t have to if you are working with a credit repair company.
One of these companies can provide you with a customized plan to improve your creditworthiness.
They will investigate the credit issues that are weighing down your score and take the necessary steps to get them going again.
This includes actions such as denying inaccuracies, requesting validation, and negotiating payments.
In addition, they will help you out when you face other credit problems such as:
- Real estate liens
- Identity fraud
- Inaccurate hard requests
When you are overwhelmed by your credit problems, a credit repair company can be of great benefit.
Whether you choose to partner with one of these companies or remove FNCB from your report yourself, don’t hesitate.