Frontline Asset Strategies is a debt collector you might hear about if you start missing out on payments.
You are a third party debtor who specializes in collecting unpaid bills from consumers like you or me.
Collection agencies are not only annoying, they can also have a detrimental effect on your credit score.
The best way to stop the Frontline Asset Strategies calls and fix your credit is to remove the collection account from your credit report.
Information on frontline asset strategies
Founded in 2008, Frontline Asset Strategies is a small debt collection company headquartered in Minnesota.
They currently have two offices in St. Paul and Minneapolis and employ fewer than 10 people.
They assist a number of companies in asset recovery.
You collect on behalf of:
- Car lender
- Education lender
- Credit card company
…and more. They put their annual sales at around $ 350,000.
It is quite common for collection agencies to file complaints with regulators.
Frontline Asset Strategies is no exception and has filed many complaints against them over the 13 years of its existence.
Currently, 34 complaints have been filed with the Better Business Bureau (BBB) and 16 with the Consumer Financial Protection Bureau (CFPB).
You have also been named as a defendant in seven civil trials.
Consumers claim that Frontline Asset Strategies violated their FDCPA and FCRA rights in their efforts to collect payments.
If you think your consumer rights have been violated, you should consider filing a complaint against them as well.
If you are overwhelmed with handling negative entries on your credit report,
We encourage you to seek help from a professional credit repair company.
Call Lex Law for help
How To Remove Frontline Asset Strategies From Your Credit Report
Here are the four steps you need to take to remove the collection account from your credit report.
Communicate strictly by writing
One of the most irritating side effects of a debt collector is the constant phone calls.
It can sometimes feel like your entire voicemail box is a Frontline Asset Strategies employee tracking you for money.
Under federal consumer protection law like the FDCPA, you have the right to require them to communicate with you strictly in writing.
You should use this ASAP to get the incessant phone calls under control.
Debt collectors love to communicate over the phone because it is more beneficial to them than it is to you.
They can call dozens of times a day and are a little more aggressive in their tactics than they are when writing.
By requiring them to contact you in writing, particularly US Mail, you can begin to document all of your interactions with them.
If they break the limits set out in Consumer Law, you have evidence.
Written communication is also useful when negotiating an agreement with Frontline Asset Strategies.
To request written communication from a debt collection agency, let them know that you are officially requesting that they contact you via US mail only.
If they give you a pushback, let them know they are violating the FDCPA and hang up.
Frontline Asset Strategies
2700 Snelling Ave. N.
THEY ARE. 250
Roseville, MN 55113
Send a Section 609 letter
Once you’ve got Frontline Asset Strategies to communicate in writing, it’s time to send them your own letter. You must send them a letter per Section 609.
Section 609 letters, also known as debt review letters, are a formal request from a consumer to a collection agency for proof of an active collections account.
In other words, you put the onus on them to verify that you owe the debts they are collecting.
Debt verification prevents you from making payments for a debt that is inaccurately reported.
They can check that they are not trying to collect payments from you based on outdated or completely inaccurate information.
You should not hesitate to send Frontline Asset Strategies a letter per Section 609. They only need to recognize your debt validation application within the first 30 days of contacting you.
If you wait beyond that, the law does not require them to send you confirmation.
Start with a letter template as per Section 609 and fill it in with your account information.
Mail it to Frontline Asset Strategies and ask the postman to provide a return receipt when the letter is delivered.
They must provide you with a debt review within 30 days of receiving your letter.
This is done in the form of various documents detailing your account details.
Compare the documents Frontline Asset Strategies sends you with your own information on your debt.
If you encounter any suspicious bugs, you should file a dispute with the credit reporting agencies to have the account removed.
Make a pay-for-delete agreement
Debt review is a great way to get a collection agency’s account removed for technical reasons.
However, if Frontline Asset Strategies can validate your debt, you are fully responsible for repaying it.
When you need to repay a debt to a collector, the best thing to do is to make a pay-for-delete arrangement.
This type of billing is a good option for both parties. It removes the damaged account from your credit report and pays them the debt.
Frontline Asset Strategies may still be reluctant to offer a deletion.
Removing collection accounts from credit reports is frowned upon in the industry. You may be able to convince them to make an exception if you can negotiate effectively.
First, ask them to remove the account for 30% of the total.
Continue to negotiate with the debt collection agency until you have reached an amount at which he can easily delete his debt collection entry.
Before making any payment to Frontline Asset Strategies, obtain the full written agreement. If possible, have it mailed to you on company letterhead to show it’s official.
Once you have received this document, you will make your first payment on the debt. You should note that the Frontline Asset Strategies name will disappear from your credit report approximately 30 days after the payment is processed.
If they don’t, send them a notification that they don’t meet the conditions set.
Hire a credit repair company
As you can see, the process of dealing with frontline asset strategies can be quite complicated.
Because of this, many people choose to hire a credit repair company to take care of them on their behalf.
Credit repair specialists help consumers by identifying malicious accounts in their credit report and working with the authority to remove them.
Whether you’re dealing with a debt collection agency or a bankruptcy, credit repair specialists can help you out.
It is recommended that you do some research on the companies before hiring a credit repair professional. After all, you want to make sure whoever it is is doing a good job.
Fortunately, we’ve compiled a list of the best credit repair companies to make your search easier. Make sure that the company you choose is the best choice for your unique credit situation.
Dealing with frontline asset strategies
Don’t wait another day to get started, whether you manage Frontline Asset Strategies yourself or call in a professional.
Dealing with them now will save you time and money looking for interest rates.
The power to improve your bankroll starts with you. If you’re looking for more information on how to get your score up, check out some of our top articles on How To Boost Your Balance.