WCTCB – West Central Texas Collection Bureau Overview

Introduction

West Central Texas Collection Bureau (WCTCB) is a debt collection agency that can purchase a consumer’s debt in order to attempt to collect the debt from the user. Having a collection account on the credit report might hurt the consumer’s credit report and future loans. Therefore, a consumer can take various steps to remove it from the report. In this article, we have selected ways to remove your collection account from the credit report. 

What is WCTCB?

West Central Texas Collection Bureau (WCTCB) was founded in 2009 and is a debt collection agency that has been in business for 13 years. The WCTCB debt collection agency is headquartered in Abilene, Texas. It specializes in delinquent consumer debt and also has a division known as Premium Recovery. Premium Recovery collects commercial debts. The Address of the agency is 1133 N 2nd St. Abilene, TX 79601, and the phone number to contact is (325) 673-7831.

Who Does WCTCB For?

West Central Texas Collection Bureau collects a debt from the consumers who fail to pay the debt in time to the original creditor. WCTCB reports a collection account on the consumer accounts. There are some cases where they purchase the debt from the original lender (the credit card company or the loan company) by paying 1/10th of the actual cost of the debt. However, sometimes they might not purchase the debt themselves. Instead, the original lenders pay them on their behalf.

This debt collection agency attempts to communicate with the users through mail or phone, asking for payments. Besides, the users will have a collection account on the credit report that can significantly affect the credit score. It can further lead to difficulties in getting approved for financial events.

Does WCTCB Hurt My Credit?

Any negative item on your credit report can impact your credit score, and a collection account does the same. It can lower your score by deducting 100 points. However, it entirely depends on the user’s credit score before the collection. If you had a higher score, your score would drop more with the new collection on your report.

How Do I Remove WCTCB From My Credit Report?

Users can remove WCTCB from the credit report only if the information is incorrect, an error, or is a cause of fraud. However, the account cannot be fixed in a given amount of time. A study by the U.S PRIGs states that users of 79 percent of the reports contain incorrect information. If you have incorrect details in your report from WCTBC, you take one of the three following ways. Two of which are do-it-yourself methods, while the last method states to hire a professional to remove your account.

The use of the methods depends on how fast you want to remove them from your credit report. However, hiring a credit repair company might help you remove the account quickly. But if you contact or deal with the debt collection agency yourself, it can quickly be removed from your report.

Debt Validation

Validating the debt is the first technique you should do first. It is a request to the agency to verify if the debt they are trying to collect is yours. You can request to ask for the debt validation by sending them a letter. In addition, you should write the letter claiming proof if it actually belongs to you. You have a month to send them a letter to the agency after they have contacted you. Remember that they must respond with valid proof to your letter within 30 days after receiving it. If the agency fails to validate your debt, they should delete the collection account from your report.

Pay For Delete

The first technique might not work for you if it has been more than a month after the initial contact. Therefore, employ another method of “pay for delete.” Just contact the WCTCB and offer to pay your debt in exchange for removing the account from the report. In this case, you will either pay full or partially. 

It is crucial to get written confirmation from the agency for every negotiation you make. Furthermore, it is crucial to note that they might accept less instead of the full balance if your account is older. It might be difficult to negotiate a lower amount if you have a new collection account.

Hire A Credit Repair Company

The third technique is to hire a credit repair company to deal with the debt collection agency if you lack time to deal with them. The most recommended credit repair company to deal with such collections is Lexington Law. You can call them at 1-844-331-6062.

Is WCTCB A Debt Collection Agency?

Yes, WCTCB is a debt collection agency. They specialize in collecting debt from the consumers after buying the debt from creditors who have given up trying to collect the debt themselves.

Should I Pay For Delete With West Central Texas Collection Bureau?

It is an ideal solution to pay off the West Central Texas Collection Bureau to delete the account from your report. However, you will still have an issue after you have paid your debt, your status will change from unpaid to paid, and it will still appear on your report for seven years. It is the confirmation that your credit still gets affected even after you pay.

Should I Negotiate A Settlement With West Central Texas Collection Bureau?

Negotiating a settlement with WCTCB can help you in various ways. It can help your credit score improve, but it might also hurt your score. All these events depend on many variables. In some cases, you might not have to pay the debt. However, if you have any issues with the account, it might be good to negotiate with them to remove it altogether so that you do not have to hear from the debt agency again.

Is WCTCB Legit, Fake, Or A Scam?

WCTCB is a legit debt collection company. However, you might find them spam, call and harass you. To stop them from calling or harassing you is to dispute and remove your debts from the collection account.

Why Does the West Central Texas Collection Bureau Keep Calling Me?

WCTCB keeps calling the users in an attempt to collect the debt. The good option you can opt for is to ignore their constant calls and hire a credit repair company that can help you to remove your collection from your report.

Will West Central Texas Collection Bureau Try Suing Or Garnishing My Wages?

It is improbable that WCTCB sues any consumer. However, it might happen in a very rare case, but it is not the norm. State and federal laws give limits that they strictly apply to the bank and wage garnishments.

Does WCTCB Accept A Goodwill Letter To Remove My Collection/Charge-Off?

No, WCTCB does not accept a letter of goodwill to remove any collections. It is because most debt collection agencies do not take goodwill letters to delete accounts.

What Are My Rights When Dealing With West Central Texas Collection Bureau?

You can dispute your debt if WCTCB is attempting to collect. Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA) govern WCTCB. These acts might be complicated, but they provide the users the power only if they know how to use it.

Where Can I Find West Central Texas Collection Bureau Login?

You can log in to the West Central Texas Collection Bureau. But, going for a credit repair company to deal with your collection account is always recommended. The credit repair company will review the cause of WCTCB on your report and check how to dispute or remove them from your account.

Conclusion

Now that you have gained many details about the West Central Texas Collection Bureau, you can easily select the best option to remove it from your credit report.