If a debt collector is harassing you, you may want to consider filing a complaint. Be especially cautious of anyone asking you to pay a debt that you dont recognize (or that you believe you already settled), and be sure to ask questions during the call to verify their affiliation with Coast Professional. You have a legal right to request debt validation on an alleged debt. The debt collection agency is obligated to respond to your letter with verification of the debt. How to handle Collections and Debt Collectors, Vehicle Repossessions and the Fair Debt Collections Practices Act 1692 f (6). Record their phone calls. A pay-for-delete request is different from a goodwill letter because it applies to debts that you havent yet paid off. Manager (Current Employee) - Geneseo, NY - September 13, 2021. Coast Professional Inc is a debt collection agency that specializes in educational receivables recovery. Alternatively, you can just speak to someone from Coast Professional over the phone. Helpful Guide To Stop Student Loan Wage Garnishment. Its best to remain cautious of anyone claiming to represent Coast Professional. Coast Professional isnt a scam, but you should make sure to avoid scammers by verifying your debts and only making payments once youre sure theyre legitimate. It's very unlikely that Coast Professional decides to sue. The average Coast Professional, Inc. salary ranges from approximately $20,000 per year for Recovery Specialist to $95,000 per year for Senior Customer Support Representative. At this point, DRG/DMCS will keep your loans or send it to a private collection agency. Payday Loans The Good, The Bad and the Super Ugly. Hiding money or assets from a legitimate collection agency is illegal if you owe them. Have you been delinquent on your student loans and received written correspondence indicating that you are in danger of further legal ramifications if you fail to rectify the situation? Some of our articles feature links to our partners, who compensate us when you click them. If your answer is yes, you may want to talk with one of our advisors! Call Lexington Law to learn how they can help you avoid lawsuits and remove derogatory marks from your credit history that will significantly improve your credit scores. No, Coast Professional isnt a scam. 50 States Coast is licensed, bonded, and approved to provide collection services (where required). In accordance with the FDCPA, all debt collectors are required to send this letter within 5 days of first contacting you. You can attempt to negotiate with Coast Professional Inc for a non-standard settlement, which can be for 18-40% of your student loan debt. 9 This means that Coast Professional may stop collecting federal student loan debt in the future, but for the time being, they might still contact you about an old debt. How Do I Contact Them? The most common type of settlement deal that customers make with debt collectors is known as a pay-for-delete agreement. Consider working with a professional. If Coast Professional has violated your rights under the FDCPA or done something illegal, then you can report them to the Federal Trade Commission, the Consumer Financial Protection Bureau, or your state attorney general. Like other types of debt consolidation, student loan consolidation involves taking out a new loan to repay your debts. This field is for validation purposes and should be left unchanged. Coast provides professional collection services to over 200 campus-based colleges, universities and government clients. CPI is another way that Coast Professional may appear on your credit report. You can write a credit dispute letter to Experian, Equifax, or TransUnion to delete the collection account from your credit report if you believe your debt went into default by mistake. How Much Should Your 401(k) Contribution Be? Call Lexington Law now to learn more: (800) 220-0084, Address: Coast Professional, Inc.4273 Volunteer RdGeneseo, NY 14454. Credit Glory requires active participation from its clientele regarding requested documents and information, including investigation results, for the sought-after outcome of a healthy, accurate credit report. Home Is Coast Professional Inc. a scam? 10 It must contain the following information: Coast Professional representatives will keep trying to contact you unless you either pay your collections or reach an agreement with them or your loan provider (if you have federal student loans, you should be able to see whos servicing them when you log in on the Federal Student Aid website). Keep in mind with this option you need to have the payment made within 30 to 90 days. We challenge inaccurate negative items with the bureaus and your creditors. Coast Professional, Inc. focuses on the collection of government and higher education debt, including Federal and non-Federal student loans, accounts receivables, tuition and fees, housing charges, and almost any other debt referred by our clients. Another option that you have to postpone your student loan payments, is by deferring them. And the advertised offers may be subject to additional terms and conditions of the advertiser. Coast Professional, Inc is officially licensed and remains in compliance with all statutes and other legal requirements when it comes to collections. However, you should make sure to get the agreement in writing before you make any payments. Your guide to everything personal finance. We are a PPMS certified agency through ACA international, the Association of Credit and Collection Professionals. The information you obtain at this site is not, nor is it intended to be, legal advice. Consider working with a professional. If you are unsure how to proceed after reading this guide, you can contact our office to speak with a professional debt specialist that can help you with your situation. Statue of Limitations on Debt - State By State, Everything You Need to Know About Filing for Bankruptcy, How To Rebuild Your Credit After Bankruptcy. This may affect the products and services that we showcase in our articles and how we place and order them. Once youve received written confirmation from Coast Professional and paid your debt, you should monitor your credit reports to make sure that they follow through. To do this, send a goodwill letter to Coast Professional explaining the circumstances that led to your delinquency. No matter what, Take a moment to fill out our Free Consultation Surveyat the bottom of this page! 13. Company - Private. The IRS stressed that it always notify a taxpayer before transferring their account to a collection agency. 800-910-5837 Coast Professional, Inc. PO Box 526 Albion, NY 14411 888-928-0510 ConServe PO Box 307 Fairport, NY 14450 844-853-4875 Notification by IRS and the private collection agencies The IRS will always notify a taxpayer before transferring their account to a private collection agency (PCA). In rare cases it may happen, but it is not the norm. You may not want to pay Coast Professional debt, especially if it's potentially inaccurate. Two of the new contracts are with companies the IRS originally hired, CBE and ConServe. We strive to keep our information accurate and up-to-date, but some information may not be current. What is the Telephone Consumer Protection Act? Because Performant and Pioneer will no longer collect tax debts, due to the expiration of their contracts with the IRS, the IRS recalled 1,255,541 accounts that had been assigned to them. If you answered yes to any of these situations, you could be in default on your student loan debt and the collection agency such as Coast Professional Inc is trying to contact you. Before choosing any financial product, read the terms and conditions from the financial service provider. CBE Group, Inc. PO Box 2217 Waterloo, IA 50704 800-910-5837. Ignoring them sets you up for a possible lawsuit. Our editorial team operates independently (with no influence from our affiliates or our advertising team) so as to avoid compromising the objectivity of our reviews. Coast Professional, Inc. or CPI is a third-party collection agency based in New York state. If youve had a similar experience with Coast Professional Inc. then you have a potential case against them. Is the Credit Scoring System Rigged, Unfair, and Biased? Type: Debt Collection Agency. The IRS has used private collection agencies to recover delinquent tax debt off and on several times over the years. Thurs. Typically with this option, the Department of Education will not settle for less than 85% of your student loan debt. 2, Coast Professional collects the following types of debt: 1, Since 2016, the Internal Revenue Service (IRS) has contracted with debt collections agencies to service its Private Debt Collection program, and in September 2021, Coast Professional became one of the IRSs contracted debt collection agencies. 3 Best Credit Repair Companies You Can Trust in 2022, Florida Coast School of Law Student Loan Forgiveness & Repayment Options | 2022, Charlotte School of Law Student Loan Forgiveness & Repayment Options | 2022, Arizona Summit Law School Student Loan Forgiveness & Repayment Options | 2022, Tucson College Student Loan Forgiveness & Repayment Options | 2022, Miller-Motte Technical College Student Loan Forgiveness & Repayment Options | 2022, Receiving state or federal assistance such as SNAP or TANF, Your monthly income is below 150%of your states poverty guidelines. Theyre a legitimate company thats been hired to collect debts on behalf of government agencies and educational institutions. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. If you click on one of those links, we get paid. A lot of the time, debt collection agencies dont have adequate evidence, whether you owe the listed amount or not. Its also an easy way of figuring out if the debt collector is a scam agency. Average Coast Professional, Inc. hourly pay ranges from approximately $13.24 per hour for Debt Collector to $16.84 per hour for Quality Assurance Analyst. How To Get Student Loan Forgiveness For Police & Law Enforcement. However, it will allow you to get your loans out of default, and itll stop Coast Professional from contacting you to collect payments. Credit bureaus have 30 days to respond to your dispute. Another option is filing a complaint on the Better Business Bureau (BBB) website, but this might not have the outcome youre hoping for. Enter Account and Password. The best way to stop a wage garnishment is to communicate with your loan service provider either before you miss a payment or the second you miss a payment. We were notified by letter that our account had a past due balance with the IRS (2019). Biden Student Loan Forgiveness for 72,000 Borrowers. Getting this account removed may be possible. Coast Professional Inc is a debt collection agency that specializes in educational receivables recovery. Coast Professional collects for a variety of lending companies (called creditors). #1 Performance ranking goal for every client. In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. Coast Professional has been collecting outstanding federal student loan debt on behalf of the Department of Education since 2009, and their current contract runs through 2024. This site is for informational purposes only and does not provide legal advice or financial advice. She has more than 24 years of experience . Flexible work hours, great benefits and compensation. 4 5 Currently, only the following three agencies collect debts on behalf of the IRS: CBE Group Give them a call at (800) 220-0084 for a free credit consultation to see what they can do for you.
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