DoNotPay Can Help You Dispute Autovest LLC on Your Credit Report
Getting behind on monthly payments is a fact of life for many Americans. There always seems to be too many months left at the end of the money. Unfortunately, the further in debt you go takes a toll on your credit score.
An account on your credit report can wreak havoc on your credit history since an auto repossession can pull your credit score down by as much as 150 points.
DoNotPay can show you how to improve your credit score and help you learn how to remove inquiries and late payments from your credit report. We can also send out a debt validation letter on your behalf and help you dispute credit report entries negatively affecting your credit history.
Our easy-to-use automated system can show you how to fix your credit score and help you dispute an account listed on your credit report.
Who Is Autovest LLC?
Autovest LLC is a debt collection agency that has been buying distressed consumer automobile loans since 2003. The investment company acquires the unpaid debt directly from automobile finance companies and banks.
Every year, Autovest LLC hires local collection attorneys to file thousands of lawsuits against consumers that have charged off auto loan debt.
|Address||26261 Evergreen Rd, Suite 390, Southfield, MI 48076|
How Does Autovest LLC Make Money?
Vehicles loans typically get financed through a bank or credit union. If you default on the loan, the lender is allowed by law to repossess your automobile. The original lender will sell the vehicle, applying the amount to the balance that you owe on the outstanding account. The remaining balance is the "deficiency."
Autovest LLC is in the business of purchasing the account from the lender to initiate collection proceedings on the deficient amount. The lender receives less than the balance due, allowing Autovest LLC to profit on every case it pursues for nonpayment
Many collection lawsuits result in a judgment in favor of the collection company. DoNotPay can send a credit dispute letter on your behalf in an attempt to have the case dismissed or at the very least reach an agreeable settlement.
How to Dispute Autovest LLC on Your Own
Autovest LLC has an arsenal of attorneys on its team, so it can be hard to handle a dispute without the help of an attorney. There are no listed resources on their website for resolving matters other than to contact them directly for assistance.
If contacts you by phone, according to the Fair Debt Collection Practices Act (FDCPA), you have the right to tell them you do not want to receive their calls. That is not to say the debt will go away, but the annoying phone calls will. Autovest LLC will likely pursue legal action in the hopes of getting a judgment against you. If you do not respond, the consequences can include:
- Wage Garnishment
- Frozen Assets (bank account)
- Negative Impact on Your Credit Report
- Property Sold at Auction to Pay Outstanding Debt
How to Dispute Autovest LLC on Your Credit Report With the Help of DoNotPay
Our automated system makes it easy to dispute an account on your credit report. It eliminates the hassle of dealing with aggressive collection agencies and helps you restore your financial freedom.
How to clean up your credit report using DoNotPay:
If you want to clean up your credit report but don't know where to start, DoNotPay has you covered in 3 easy steps:
- Search Clean Credit Report on DoNotPay.
- Prepare a recent copy of your credit report that you can use as reference.
- Let us guide you through the 4 potential options:
- If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
- If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.
- If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!
- Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.
You can also check out our other credit products, including Virtual Credit Cards, Credit Limit Increase, Credit Report Repair, and more!
We can also help you start a case in small claims court if you are being harassed by . While collection companies have a right to pursue unpaid debts, they are forbidden from harassing practices.
Why Use DoNotPay to Dispute Autovest LLC?
DoNotPay offers round-the-clock assistance, making it convenient for you to log on from your home computer any time of day or night. We provide you with the necessary tools to fight back against companies such as .
What Else Can DoNotPay Do?
In addition to helping you with debt collection and other credit-related issues, DoNotPay can also help you with:
DoNotPay gives you the confidence to fight back against aggressive debt collectors such as . Don't let fear stop you from taking the positive steps needed to clear up outstanding debt once and for all.