Remove Swift Funds Collections from Your Credit Report and Boost Score by 30+ Points
An impeccable credit score is your lifeline to getting the best interest rates and terms on a mortgage, car loan, or credit card. Any collection accounts on your credit report can negatively impact your credit score, leading to high-interest rates and denied loans.
If you have a collection account from , it's important to take steps to remove it from your credit report as soon as possible to fix your credit score. Swift Funds is a debt collection agency, and any collection account it reports will negatively affect your credit score.
Fortunately, there are steps you can take to remove Swift Funds collections from your credit report. This guide covers how to dispute a collection account with the credit bureau, negotiate with Swift Funds, and leverage DoNotPay as a convenient tool to help with the process.
What Is Swift Funds?
is a debt collection agency often used by third-party lenders and credit card companies after someone falls behind on their payments. The agency buys delinquent debts for pennies on the dollar then attempts to collect the full amount from the borrower.
|Mailing Address||Swift Funds is located at Palos Verdes Penninsula, CA|
A Swift Funds representative will send you a debt validation letter, including the amount owed, original creditor, and total interest and fees accrued.
What Should I Look For in My Swift Funds Credit Dispute?
With the increased instances of data breaches and identity theft, it's important to understand what you're looking for in your credit dispute. Swift Funds may have reported inaccurate information about the debt, such as the wrong amount owed or the original creditor. You should also dispute any late payments or inquiries that may have been incorrectly added to your credit report. When disputing a Swift Funds collection account with the credit bureau, ensure the following details are a match between your credit report and the debt validation letter:
- Personal details including name, address, and Social Security number
- Account information, including account number, date opened, and credit limit
- Public records
- The original creditor by name, address, and account number
- The total amount owed, including principal, interest, and fees
- Account collections dates
If the details on your credit dispute do not match the debt validation letter, the information has likely been reported inaccurately. You need to dispute the credit report with the credit bureau and Swift Funds and provide evidence to back up your claim.
Strategies for Successfully Disputing Your Credit Report
Any discrepancies on your credit report loom trouble for your credit score and overall financial health. If you have incorrect entries on your credit report, it's crucial to take action and have them removed. The following are four steps to dispute your credit report successfully:
- Send a letter to any of the major credit bureaus disputing the information
- Contact Swift Funds about the wrongly reported information
- Submit a Goodwill letter to Swift Funds
- Send a pay for delete letter to Swift Funds
If you are after a convenient and easy way to remove collections from your credit report, DoNotPay offers an all-in-one solution. The robot lawyer can help you draft and send letters to the credit bureau and Swift Funds and help with the negotiation process. An improved credit score unlocks opportunities to get better interest rates on loans, credit cards, and mortgages.
Sue for an Unresolved Credit Report Dispute
The Fair Credit Reporting Act (FCRA) is a federal law that gives consumers the right to dispute inaccurate information on their credit reports. If the credit bureau doesn't correct the information after you've disputed it, you have the right to sue the bureau for damages.
Swift Funds is also accountable to the FCRA, and you may be able to sue them under Section 1681s of the FCRA if they don't correct the information after you've disputed it.
You can also leverage DoNotPay's Sue Now product and sue the credit bureau or Swift Funds in small claims court. DoNotPay will help you build your case by providing all the necessary legal documents and guiding you through the entire process so you can fix your credit score.
How to Dispute Swift Funds on Your Own
Although you can dispute Swift Funds collection accounts on your own, the process can be time-consuming and challenging. You'll need to gather evidence to support your case, write a dispute letter to the credit bureau, and contact Swift Funds. With that in mind, here are the steps you can take to dispute Swift Funds on your own:
- Request your annual free credit report from Equifax, TransUnion, or Experian and review it for any inaccurate information.
- Countercheck the credit bureau's information against the debt validation letter you received from Swift Funds.
- Dispute any inaccurate information with the credit bureau by writing a dispute letter. Include your name, address, Social Security number, and a copy of your debt validation letter.
- Contact Swift Funds and request they correct the information on your credit report.
- Allow 30 days for the credit bureau and Swift Funds to investigate your dispute.
- If the information is not corrected, you have a right under the FRCA to sue the credit bureau and Swift Funds and get compensated for the damages you suffer.
Next Steps for Cleaning up Your Credit Report if You Can’t Do It Yourself
Navigating the credit dispute process can be tricky, especially if you don't have the time or legal knowledge to do it yourself. It's a long and arduous process, and if you're not successful, you can end up with a damaged credit score. If that's the case, don't worry - DoNotPay offers a suite of products that can help you dispute your credit report and boost your credit score. With our help, you can get collections removed from your credit report in as little as a few minutes.
We will send a credit dispute letter to Swift Funds and the credit bureau for any incorrect information and follow up with you until the dispute is resolved. Additionally, DoNotPay will send a pay for delete letter to Swift Funds, create a debt validation letter, and help you sue the credit bureau and Swift Funds if necessary. With our help, you can have a clean credit report in no time.
Clean Your Credit Report With the help of DoNotPay
DoNotPay offers a super-easy, reliable, and affordable way to dispute your credit report and boost your credit score. With DoNotPay, you don't have to spend hours filling out lengthy and tedious forms or contacting credit bureaus and creditors yourself.
We take care of all the paperwork for you, and our dispute process is 100% online. You only need to provide a few details and leave the rest to us. We'll contact Swift Funds and the credit bureau on your behalf and follow up with you until the dispute is resolved.
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 a 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 with 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 Credit Limit Increase, Get My Credit Report, Keep Unused Cards Active, and more!
Why Use DoNotPay to Clean Your Credit Report
There are several benefits of using DoNotPay to clean your credit report:
- Incredibly fast - no need to spend hours filling out forms or contacting credit bureaus and creditors yourself
- Super easy - You only need to provide a few details and leave the rest to us.
- Successful: DoNotPay has helped thousands of Americans dispute their credit reports and boost their credit score. Rest assured, we shall replicate the same for you.
What Else Can DoNotPay Do?
Helping you clean your credit report by disputing errors and removing negative items is not all we do! DoNotPay offers a range of products to help you tackle everyday issues, including:
- Canceling any service or subscription
- Financial aid appeal letters
- Negotiating bills you are unable to settle
Sign up or sign in to DoNotPay today to remove collections on your credit report and boost your score by 30+ points.