Is TrueAccord legit?
Although TrueAccord Corp is a legitimate company and not a scam, they are not popular among the people that work with them. TrueAccord has about 146 complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and roughly 33 within the past three years with the Better Business Bureau (BBB).
Is TrueAccord a debt collector?
TrueAccord is a licensed debt collection agency in all 50 states. We work with companies across the country to make collections an empathetic experience for those in debt and to change the industry for the better.
Who does TrueAccord collect for?
Fast forward to today, and TrueAccord has worked with more than 13 million consumers of major banks, issuers, eCommerce companies and direct lenders. Hundreds of thousands have resolved their debts with convenient payment plans, customized billing schedules, and easy documentation.
Does TrueAccord affect credit?
TrueAccord does not report to the credit reporting agencies. How will my debt placed with TrueAccord affect my credit score? TrueAccord does not report to the credit reporting agencies; however, the owner of an account in our office may report the account to the credit reporting agencies.
How do I pay TrueAccord?
ONE-TIME CREDIT CARD AND ACH AUTHORIZATION:If you are making a one time payment by credit card, debit card, or ACH, you hereby authorize TrueAccord to debit the bank account or credit card you entered on our payment form for the noted amount on today's date, or the date on which your payment is scheduled.
Does TrueAccord sue?
Can Trueaccord Sue Me or Garnish My Wages? It is illegal for a debt collector to make empty threats to sue you or garnish your wages. It is also unlikely TrueAccord would sue you for a debt you may not owe or they cannot validate.
What is TrueAccord on my bank statement?
What is TrueAccord? TrueAccord is a debt collection company started by people who had experienced bad treatment in the debt collection process. We recognized an opportunity to build a system to fundamentally change debt collection, so we created TrueAccord to turn collections into a recovery and reconciliation process.
How do I know if a collection agency is legitimate?
Contact your creditor
Track the source of the debt by reaching out to your creditor to see if it has any information about the debt in question. If the company that contacted you matches what your creditor has on file, you'll know it's a legit debt collector.