Skip to content
SuperMoney logo
SuperMoney logo

How to Remove Aldridge Pite From your Credit Report

Last updated 07/03/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
Aldridge Pite is a law firm specializing in foreclosure and bankruptcy services for mortgage lenders and servicers. This article explores the impact of Aldridge Pite on your credit report, how to deal with it, and your rights under the Fair Debt Collection Practices Act (FDCPA).
Aldridge Pite is a well-known name in the debt collection industry. They are responsible for collecting debts on behalf of numerous creditors. If you find Aldridge Pite on your credit report, it’s essential to understand who they are, how they operate, and what you can do about it. This article provides a comprehensive guide to dealing with Aldridge Pite, including strategies for removing them from your credit report and understanding your rights.

Get Competing Personal Loan Offers In Minutes

Compare rates from multiple vetted lenders. Discover your lowest eligible rate.
Get Personalized Rates
It's quick, free and won’t hurt your credit score

Who does Aldridge Pite collect for?

Aldridge Pite collects debts for a variety of creditors, including credit card companies, personal loan providers, and other financial institutions. These creditors sell delinquent accounts to Aldridge Pite, who then takes over the collection process. The agency might also be hired to collect debts on behalf of other companies, which means they do not own the debt but are simply acting as a third-party collector.

Understanding debt purchases

When a creditor sells a debt to a collection agency like Aldridge Pite, they typically do so at a fraction of the original amount. This process is known as purchasing debt at a discount. The collection agency then attempts to collect the full amount from the debtor, making a profit in the process.

The impact on your credit report

Having a debt collection account on your credit report can significantly harm your credit score. It indicates that you have failed to pay a debt as agreed, which can make it difficult to obtain new credit or loans. Collections accounts remain on your credit report for up to seven years from the date of the original delinquency.

Does Aldridge Pite hurt my credit score?

Yes, Aldridge Pite can hurt your credit score. Any collection account reported on your credit report is considered a derogatory mark, which can severely impact your credit score. This impact can make it challenging to get approved for loans, credit cards, or even housing.

The severity of collections

The presence of a collections account signifies that you did not fulfill your financial obligations, leading creditors to doubt your creditworthiness. The exact impact on your credit score depends on various factors, including the overall state of your credit report and the scoring model used by lenders.

How do I remove Aldridge Pite from my credit report?

Removing Aldridge Pite from your credit report may be possible if the information they report is inaccurate, erroneous, or fraudulent. According to a 2021 report by the Consumer Financial Protection Bureau (CFPB), around 33% of credit reports contain errors. Here are some steps you can take to remove Aldridge Pite from your credit report:

Request validation of the debt

Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request a debt validation letter. This means that Aldridge Pite must provide proof that the debt is yours and that they have the legal right to collect it. If they cannot provide this documentation, you may have grounds to have the account removed from your credit report.

Dispute inaccurate information

If you find any inaccuracies on the collection account, you can dispute them with the credit bureaus. The bureaus will then investigate your claim, and if they find that the information is indeed incorrect, they will remove the account from your credit report.

Negotiate a pay-for-delete agreement

In some cases, you may be able to negotiate a pay-for-delete agreement with Aldridge Pite. This means that you agree to pay the debt (or a portion of it) in exchange for them removing the account from your credit report. Be sure to get any agreement in writing before making a payment.

Seek professional help

If you’re having trouble dealing with Aldridge Pite on your own, consider seeking help from a credit repair company. These professionals can help you navigate the process and may be able to get the collection account removed from your credit report.

Pro tip

Keep detailed records of all your communications with Aldridge Pite. This includes letters, emails, and notes from phone calls. These records can be valuable if you need to dispute the debt or take legal action.

Understanding the FDCPA and FCRA

The FDCPA sets guidelines for how debt collectors can interact with you. It prohibits abusive, unfair, or deceptive practices. The FCRA ensures the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. Knowing your rights under these laws can help you deal with Aldridge Pite more effectively.

Request all correspondence in writing

Ensure a documented record of communications with Aldridge Pite by requesting written correspondence. Contact Aldridge Pite at the following address:
Aldridge Pite contact information
Aldridge Pite LLP
15 Piedmont Center
3575 Piedmont Rd NE, Suite 500
Atlanta, GA 30305
+1 877-319-8840

How to file a complaint against Aldridge Pite

If you believe that Aldridge Pite has violated your rights, you can file a complaint against them. Here are the steps you can take:

File a complaint with the Consumer Financial Protection Bureau (CFPB)

The CFPB is a government agency that oversees financial institutions and their practices. You can file a complaint online through their website at consumerfinance.gov/complaint.

Contact your state attorney general’s office

Your state attorney general’s office can help address complaints against debt collectors. Each state has different procedures, so visit your state’s attorney general’s website for more information.

Report to the Better Business Bureau (BBB)

The BBB tracks complaints against businesses and can help mediate disputes. Filing a complaint with the BBB can also alert other consumers about your experience.

Pro tip

Keep copies of all your correspondence and complaints. This documentation can be useful if you need to escalate your complaint or take legal action.

Conclusion

Dealing with Aldridge Pite can be challenging, but understanding your rights and knowing the steps to take can make the process easier. Whether you decide to dispute the debt, negotiate a pay-for-delete, or seek professional help, taking action is crucial to protect your credit score and financial health. Remember, you have rights under the FDCPA and FCRA, and utilizing these rights can help you manage your debt more effectively.

Frequently asked questions

Can Aldridge Pite remove a collection from my credit report?

Aldridge Pite can remove a collection from your credit report if the information is inaccurate or if you negotiate a pay-for-delete agreement. It’s essential to get any agreement in writing before making a payment.

What should I do if Aldridge Pite keeps calling me?

If Aldridge Pite keeps calling you, you can send them a cease and desist letter requesting that they stop all communication. This letter should be sent via certified mail with a return receipt requested. Keep a copy of the letter and the receipt for your records.

Is Aldridge Pite allowed to sue me for unpaid debt?

While it is unlikely for Aldridge Pite to sue for unpaid debt, it is not impossible. They may take legal action in rare cases, depending on the circumstances. It’s important to respond to any legal notices promptly and seek legal advice if necessary.

What are my rights under the FDCPA when dealing with Aldridge Pite?

Under the Fair Debt Collection Practices Act (FDCPA), you have several rights when dealing with debt collectors like Aldridge Pite. These rights include the ability to dispute the debt, request validation of the debt, and demand that they stop contacting you. The FDCPA also protects you from abusive, unfair, or deceptive practices by debt collectors.

Can I negotiate a settlement with Aldridge Pite?

Yes, you can negotiate a settlement with Aldridge Pite. This involves agreeing to pay a portion of the debt in exchange for them considering the debt settled. Make sure to get any settlement agreement in writing before making a payment.

What happens if I ignore the debt collection efforts by Aldridge Pite?

Ignoring debt collection efforts by Aldridge Pite can lead to further actions, including continued collection efforts, potential legal action, and a negative impact on your credit score. It’s important to address the debt promptly, either by disputing it, negotiating a settlement, or seeking professional help.

Key takeaways

  • Aldridge Pite is a law firm specializing in foreclosure and bankruptcy services for mortgage lenders and servicers.
  • Having a collection account on your credit report can significantly harm your credit score.
  • You have the right to dispute any inaccurate, erroneous, or fraudulent information reported by Aldridge Pite.
  • Consider negotiating a pay-for-delete agreement to remove the collection account from your credit report.
  • Seek professional help from a credit repair company if needed to navigate the process effectively.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

Loading results ...

Share this post:

You might also like