Connect with us


How To Remove ARstrat From Your Credit Report



Is ARstrat calling you about unpaid medical bills? If so, they’re also bringing down your credit score.

Confronting a debt collector can seem like a daunting task, but getting a collections entry off your credit report is actually quite simple.

If you’re wondering how to proceed to stop ARstrat’s phone calls and improve your credit score, we can help.

What Is ARstrat?

Though their collections attempt might border on spammy, ARstrat LLC is an established and legitimate debt collections agency.

ARstrat has been collecting on consumers’ debts since 2015, headquartered in Houston.

ARstrat’s mailing address is as follows:

14141 Southwest Freeway, Suite 300
Sugarland, TX 77478

ARstrat specializes in healthcare debt, collecting on debts from some of the following types of providers nationwide:

  • Academic healthcare facilities
  • Clinics
  • Hospitals

How Does ARstrat Work?

So how exactly do debt collectors operate?

After several unsuccessful attempts at collecting payments, companies employ the services of debt collection agencies.

Agencies like ARstrat usually get access to you and your debts in one of two ways.

  1. They are employed by service providers/lenders to help collect on debts, earning a fee when you make a payment
  2. They purchase the debt from your original creditor, or in this case healthcare provider, at a discounted rate and net all of the profits when you make a payment.

Once your debt is in the hands of a debt collector, it will be reported to the credit bureaus, resulting in a “collections entry” on your report.

This type of entry could drop your score, especially if you have multiple debts in collections.

A collections entry stays on your credit report a total of 7 years, whether you pay off what you owe or not.

Fortunately, there are a few strategies that are sure to get ARstrat out of your life and off your credit report.

3 Ways to Remove ARstrat from Your Credit Report

Equipped with the tips below, you should be able to get the collections account deleted from your credit report with ease.

Try one of the following methods today:

1. Ask ARstrat to Show You Proof

Before you even think about paying ARstrat, you should ask to see some evidence of the debt they’re seeking payment for.

According to the Fair Debt Collection Practices Act, the agency has to show you documentation that confirms a debt before they can collect on it.

All you have to do is mail them a debt validation letter within 30 days of being contacted.

As a third-party collector, ARstrat might not have sufficient evidence to validate the debt, in which case they’ll have to cease their collection attempts.

Whether you do owe money to ARstrat or you’ve accidentally ended up on ARstrat’s list, it can’t hurt to send in a debt validation letter as long as you haven’t missed the deadline.

It could get ARstrat off your credit score for free.

2. Negotiate a Settlement in Writing

Miss the 30-day limit for mailing in a debt validation letter? The next best method for getting ARstrat off your report is negotiating a “pay-for-delete agreement.”

Here’s the deal: If you pay ARstrat as requested and do nothing else, their phone calls and letters will stop but they’ll stay on your credit report.

That’s why it’s imperative to get them to agree to report your payment to the credit bureaus and get their collections entry removed.

The best part of brokering this type of agreement is that you might be able to negotiate the amount you have to pay ARstrat.

You may want to start your negotiations with the creditor at around half of the full amount of your debt.

Just be sure to mail in your request and get ARstat’s response in writing rather than negotiating on the phone to ensure that the agency follows through on their part of the deal.

Once you’ve paid ARstrat the agreed-upon amount, your credit report should be collections entry-free within a month’s time. If it’s not, get back in touch with the agency to remind them.

3. Get Help from a Credit Repair Company

Working through medical debt can be overwhelming. Whether you simply forgot to pay a bill after a doctor’s appointment or you’re drowning in hospital bills, you don’t have to go it alone.

A credit repair company can help you to rebuild your credit score, going to bat for you with healthcare providers and the collections agencies they employ.

They’ll dispute claims, negotiate pay-for-delete agreements, and do what it takes to get collections entries deleted swiftly.

They also provide a range of other services related to credit repair,  no matter how complex your situation is.

If you’d rather leave dealing with ARstrat to the pros, these companies offer affordable customized assistance and can garner quick results.

Regardless of whether you choose to repair your credit on your own or need a little help from the pros, read up on the FDCPA, take advantage of the rights it provides you, and take the first step in getting your score where it needs to be today.

Dealing with ARstrat

Debt collection agencies are the subject of many complaints, which you can see by exploring the agency’s Better Business Bureau profile or checking out the Consumer Financial Protection Bureau.

Common complaints waged against debt collectors include:

  • Inconsistent or inaccurate reporting
  • Aggressive/invasive collections attempts
  • Failing to follow up on debt validation requests

The Fair Debt Collection Practices Act is key to your dealings with a debt collector like ARstrat.

Along with several other criteria, it limits when debt collectors are allowed to call you and prevents them from disclosing the details of your debt to anyone but you.

It also requires them to authenticate any debts they attempt to collect on.

The law also puts the ball in your court, allowing you to put an end to ARstrat’s calls by opting to receive all correspondence in the mail.

This is sound advice as it gives you plenty of documentation should there be any hiccups getting the entry removed.

Take help of bettercreditblog to improve your credit score and related issues.

Source link

Continue Reading


Are Sallie Mae Student Loans Federal or Private?



When you hear the name Sallie Mae, you probably think of student loans. There’s a good reason for that; Sallie Mae has a long history, during which time it has provided both federal and private student loans.

However, as of 2014, all of Sallie Mae’s student loans are private, and its federal loans have been sold to another servicer. Here’s what to know if you have a Sallie Mae loan or are considering taking one out.

What is Sallie Mae?

Sallie Mae is a company that currently offers private student loans. But it has taken a few forms over the years.

In 1972, Congress first created the Student Loan Marketing Association (SLMA) as a private, for-profit corporation. Congress gave SLMA, commonly called “Sallie Mae,” the status of a government-sponsored enterprise (GSE) to support the company in its mission to provide stability and liquidity to the student loan market as a warehouse for student loans.

However, in 2004, the structure and purpose of the company began to change. SLMA dissolved in late December of that year, and the SLM Corporation, or “Sallie Mae,” was formed in its place as a fully private-sector company without GSE status.

In 2014, the company underwent another big adjustment when Sallie Mae split to form Navient and Sallie Mae. Navient is a federal student loan servicer that manages existing student loan accounts. Meanwhile, Sallie Mae continues to offer private student loans and other financial products to consumers. If you took out a student loan with Sallie Mae prior to 2014, there’s a chance that it was a federal student loan under the now-defunct Federal Family Education Loan Program (FFELP).

At present, Sallie Mae owns 1.4 percent of student loans in the United States. In addition to private student loans, the bank also offers credit cards, personal loans and savings accounts to its customers, many of whom are college students.

What is the difference between private and federal student loans?

When you’re seeking financing to pay for college, you’ll have a big choice to make: federal versus private student loans. Both types of loans offer some benefits and drawbacks.

Federal student loans are educational loans that come from the U.S. government. Under the William D. Ford Federal Direct Loan Program, there are four types of federal student loans available to qualified borrowers.

With federal student loans, you typically do not need a co-signer or even a credit check. The loans also come with numerous benefits, such as the ability to adjust your repayment plan based on your income. You may also be able to pause payments with a forbearance or deferment and perhaps even qualify for some level of student loan forgiveness.

On the negative side, most federal student loans feature borrowing limits, so you might need to find supplemental funding or scholarships if your educational costs exceed federal loan maximums.

Private student loans are educational loans you can access from private lenders, such as banks, credit unions and online lenders. On the plus side, private student loans often feature higher loan amounts than you can access through federal funding. And if you or your co-signer has excellent credit, you may be able to secure a competitive interest rate as well.

As for drawbacks, private student loans don’t offer the valuable benefits that federal student borrowers can enjoy. You may also face higher interest rates or have a harder time qualifying for financing if you have bad credit.

Are Sallie Mae loans better than federal student loans?

In general, federal loans are the best first choice for student borrowers. Federal student loans offer numerous benefits that private loans do not. You’ll generally want to complete the Free Application for Federal Student Aid (FAFSA) and review federal funding options before applying for any type of private student loan — Sallie Mae loans included.

However, private student loans, like those offered by Sallie Mae, do have their place. In some cases, federal student aid, grants, scholarships, work-study programs and savings might not be enough to cover educational expenses. In these situations, private student loans may provide you with another way to pay for college.

If you do need to take out private student loans, Sallie Mae is a lender worth considering. It offers loans for a variety of needs, including undergrad, MBA school, medical school, dental school and law school. Its loans also feature 100 percent coverage, so you can find funding for all of your certified school expenses.

With that said, it’s always best to compare a few lenders before committing. All lenders evaluate income and credit score differently, so it’s possible that another lender could give you lower interest rates or more favorable terms.

The bottom line

Sallie Mae may be a good choice if you’re in the market for private student loans and other financial products. Just be sure to do your research upfront, as you should before you take out any form of financing. Comparing multiple offers always gives you the best chance of saving money.

Learn more:

Source link

Continue Reading


Tips to do some fall cleaning on your finances



Wealth manager, Harry Abrahamsen, has five simple ways to stay on top of the big financial picture.

PORTLAND, Maine — Keeping track of our financial stability is something we can all do, whether we have IRAs or 401ks or just a checking account. Harry J. Abrahamsen is the Founder of Abrahamsen Financial Group. He works with clients to create and grow their own wealth. Abrahamsen shares five financial tips, starting with knowing what you have. 

1. Analyze Your Finances Quarterly or Biannually

You want to make sure that your long-term strategy is congruent with your short-term strategy. If the short-term is not working out, you may need to adjust what you are doing to make sure your outcome produces the desired results you are looking to accomplish. It is just like setting sail on a voyage across the Atlantic Ocean. You know where you want to go and plot your course, but there are many factors that need to be considered to actually get you across and across safely. Your finances behave the exact same way. Check your current situation and make sure you are taking into consideration all of the various wealth-eroding factors that can take you completely off course.

With interest rates very low, now might be a good time to consider refinancing student loans or mortgages, or consolidating credit card debt. However, do so only if you need to or if you can create a positive cash flow. To ensure that you are saving the most by doing so, you must look at current payments, excluding taxes and insurance costs. This way you can do an apples-to-apples comparison.

The most important things to look for when reviewing your credit report is accuracy. Make sure the reporting agencies are reporting things actuary. If it doesn’t appear to be reporting correct and accurate information, you should consult with a reputable credit repair company to help you fix the incorrect information.

4. Savings and Retirement Accounts

The most important thing to consider when reviewing your savings and retirement accounts is to make sure the strategies match your short-term and long-term investment objectives. All too often people end up making decisions one at a time, at different times in their lives, with different people, under different circumstances. Having a sound strategy in place will allow you to view your finances with a macro-economic lens vs a micro-economic view. Stay the course and adjust accordingly from a risk and tax standpoint.

RELATED: Financial lessons learned through the pandemic

A great tip for lowering utility bills or car insurance premiums: Simply ask! There may be things you are not aware of that could save you hundreds of dollars every month. You just need to call all of the companies that you do business with to find out about cost-cutting strategies. 

RELATED: Overcome your fear of finances

To learn more about Abrahamsen Financial, click here

Source link

Continue Reading


How to Get a Loan Even with Bad Credit



Sana pwedeng mabura ang bad credit history as quickly and easily as paying off your utility bills, ‘no? Unfortunately, it takes time. And bago mo pa maayos ang bad credit mo, more often than not, kailangan mo na namang mag-avail ng panibagong loan. 

Good thing you can still get a loan even with bad credit, kahit na medyo limited ang options. How do you get a loan if you have bad credit? Alamin sa short guide na ito. 

For more finance tips, visit Moneymax.



Source link

Continue Reading