Upon receiving the validation letter, you have 30 days to send a dispute letter with specific information about your grounds for disputing the debt. Submit with the letter any evidence that you don’t owe the debt and request that the collection be removed from your credit report. If debt validation letter doesn’t prove that you owe the debt or the company does not provide you with proof of debt, you can write a dispute letter to Covington Credit and any of the three major credit reporting agencies that listed the debt in error. You can also get a free copy once a year at to check your credit. You should also verify which bureaus the collection account was reported to by requesting a copy of each of your credit reports from the three major credit bureaus ( Equifax, Experian and TransUnion. This letter should include the date that the debt turned delinquent as well as all information that connects the debt to you.Īfter you receive a letter from Covington Credit with the information you requested, review the details and record any errors you see. Under the Fair Debt Collection Practices Act (FDCPA), collectors are required to send you a debt validation notice within five days of their first contact with you. In the letter, ask the company to send you proof that you owe the debt and ask for verification of the amount and all the details regarding the debt. If you have been contacted about a debt you owe, request a debt validation letter from Covington Credit. How to remove Covington Credit from your credit reportĮach delinquent debt reported on your credit report can impact your credit score, so you can try removing a collections account or a debt that is listed in error on your credit report by following the steps below. If you have been sued by Covington Credit but believe you are not responsible for the debt, you may want to seek advice from an attorney or law firm specializing in collections cases. However, some federal benefits directly deposited into your account, such as Social Security and VA benefits, may be protected against garnishment. If Covington Credit sues you in court and receives a judgment against you, it may have legal grounds to garnish your wages or freeze your bank account, depending on the state in which you live. Will Covington Credit sue or garnish your wages? In this arrangement, the company serves as both the original creditor and its own debt collector when clients fail to make payments on the schedule they agreed to. Curo is a publicly traded company that has been in the short-term loan industry since 1997.Īlthough Covington Credit isn’t a collection agency, it collects on the loans and other products it sells to its customers. Īs of December 2021, Curo Group Holdings recently acquired Heights Finance, the former parent organization of Covington Credit, Southern Finance and Quick Credit. To be a BBB-accredited business, the BBB determines that a business has met certain accreditation standards, including making a good faith effort to find a solution to consumer complaints. Heights Finance is accredited by the Better Business Bureau (BBB) with a rating of A+, which is the highest rating the BBB provides. Covington Credit is part of the four lenders that make up the MyMoneyToGo family of consumer finance companies which has a strong online presence as well as 300 branches across Alabama, Georgia, Oklahoma, South Carolina, Tennessee and Texas. Box 1947, Greenville, SC 29602Ĭovington Credit is a lender that operates under a company called Heights Finance. Although Covington Credit is a loan company, not a debt collection agency, this operation also serves as its own debt collector. ![]() What is Covington Credit?Ĭovington Credit is a financial services provider that offers short-term personal loans to people who don’t typically qualify for most types of credit. In this post, we explain just who Covington Credit is and how to remove inaccurate items involving Covington Credit from your credit report. If your credit report reflects a false or incorrect collection account balance from Covington Credit, you can take steps to remove it. If you spot Covington Credit on your credit report or receive phone calls from them asking to repay a certain debt, you may be wondering how to make it all stop.
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