If you’ve been receiving calls from a number like _PHONE_NUMBER_, you’re not alone.
Who is _PHONE_NUMBER_?
_PHONE_NUMBER_ belongs to Medco. They are a legitimate debt collection agency that works on behalf of creditors to recover outstanding debts. They may contact you if you owe money to a creditor (like a credit card company or a medical provider) and the debt has been placed with them for collection.
Why is _PHONE_NUMBER_ calling?
When you start receiving calls from a number like _PHONE_NUMBER_, it often signifies one of two scenarios: either they’ve taken on the responsibility of collecting a debt originally owed to someone else, like a credit card company, or they’re acting as debt recovery agents on behalf of another entity.
The most unsettling aspect of these calls is the impact they have on your credit report. The presence of a collections account can significantly damage your credit score, making it harder to secure new lines of credit with favorable interest rates.
Looking for help with your credit?
What to do when _PHONE_NUMBER_ calls you:
- Verify the Debt. Before taking any action, confirm that the debt is legitimate. Request written documentation of the debt, including details about the original creditor, the amount owed, and the collection agency’s authority to collect.
- Know Your Rights. It’s important to note that debt collection agencies must adhere to federal and state laws. Familiarize yourself with the Fair Debt Collection Practices Act (FDCPA) and your rights as a debtor. Debt collectors must not engage in harassing or deceptive practices, and you have the right to dispute the debt.
- Communicate in Writing. It’s a good practice to communicate with Medco in writing rather than over the phone. This creates a paper trail and helps ensure you have evidence of your interactions.
- Negotiate a Settlement. If you acknowledge the debt, consider negotiating a settlement. Debt collectors may be willing to accept a reduced amount to close the account. Ensure that any agreement is in writing and clearly outlines the terms.
- Request Cease and Desist. If you believe you’re being harassed by constant calls or unethical practices, you can send a cease and desist letter requesting that they stop contacting you. However, this doesn’t eliminate the debt; it only stops the calls.
- Seek Professional Help. If you’re overwhelmed or unsure how to proceed, consider consulting a credit counselor or attorney. They can provide guidance and help you develop a plan to manage your debt.
How can I get _PHONE_NUMBER_ to stop calling me?
There are a number of ways you can go about this, but the easiest one (which we highly recommend), is to reach out to a company that specializes in dealing with debt collectors, such as Credit Saint. Credit specialists can review your credit report with you (for free), and walk you through your best options.
Bottom line
Receiving calls from _PHONE_NUMBER_ or any debt collector can be stressful, but it’s essential to understand your rights and options. Always verify the debt, communicate in writing, and seek professional assistance if needed. Remember, dealing with debt collectors is a manageable process, and you can take control of your financial situation.
At Credit Saint, we’re committed to helping you improve your credit and navigate the complexities of debt collection. If you have further questions or need assistance, don’t hesitate to reach out to us for support.
