Holloway Credit Solutions is a debt collection agency that may appear on your credit report if you have unpaid debts. Seeing their name on your report can be stressful, but the good news is you can remove them.
This guide will show you how to dispute and remove Holloway Credit Solutions from your credit report the right way.
What Is Holloway Credit Solutions?
Holloway Credit Solutions. Established in 1900, they are a debt collection agency based in Alabama, with offices in Montgomery, Dothan, and Mobile. They specialize in recovering debts across various sectors, including medical, commercial, education, utilities, and retail. For more information, you can visit their website at https://www.hollowaycredit.com/ or contact them directly at 800-206-3073 (as listed on their contact information).
Over the years, Holloway Credit Solutions has faced numerous consumer complaints. According to the Better Business Bureau (BBB), they have received 42 complaints, resulting in a B rating. Additionally, some consumers have reported aggressive collection tactics and phone
If you're dealing with Holloway Credit Solutions regarding a debt, it's important to know your rights under the Fair Debt Collection Practices Act (FDCPA). ➡️ Which we’ll expand as we go along.
This act protects consumers from abusive debt collection practices. You have the right to dispute the debt and request validation.
If you believe Holloway Credit Solutions is violating your rights, you may consider seeking legal advice or filing a complaint with the appropriate consumer protection agency.
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Holloway Credit Solutions: Why Is It On My Credit Report?
It's understandable to be concerned when you see Holloway Credit Solutions on your credit report. Many people immediately wonder, 'Is this a Holloway Credit Solutions scam?' While the presence of a debt collector can be alarming, they are typically listed because they believe you owe a debt.
Debt collectors report unpaid debts to credit bureaus, which can negatively impact your credit score. This can occur for several reasons:
- You missed payments on a credit card, loan, or medical bill.
- A creditor sold your debt to Holloway Credit Solutions.
- There is a mistake, and you don’t actually owe the debt.
How Holloway Credit Solutions Affects Your Credit Score
A collection account on your credit report can lower your credit score. This can make it harder to:
- Get approved for loans or credit cards.
- Rent an apartment.
- Get a good interest rate on loans.
The longer a collection stays on your report, the more damage it can do. That’s why removing it as soon as possible is important.
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How Long Does a Collection Stay on Your Credit Report?
A collection account from Holloway Credit Solutions can stay on your credit report for seven years from the date of the first missed payment. However, taking the right steps can help remove it sooner. For more information about negative items on credit reports, you can also check this helpful article from Investopedia.
Steps to Remove Holloway Credit Solutions From Your Credit Report
There are a few ways to remove a collection account. Here’s what you need to do:
Step 1: Investigate the Holloway Credit Solutions Collection Account
The first step in removing negative items is to pull your full credit report and carefully review the details of the collection. Look for:
- The original creditor (who Holloway Credit Solutions bought the debt from)
- The date of first delinquency (to check if it’s legally reportable)
- Any validation letters Holloway Credit Solutions may have sent
- Any reporting errors that could help in disputing the debt
Sometimes, what you find is completely unexpected, like the error one of our clients, Mark, discovered.
Mark was shocked when Holloway Credit Solutions reported a $2,500 medical debt on his credit report. He had never even received a bill for this amount. So, he sent a debt validation letter. It turned out the debt belonged to someone with a similar name. After a few follow-ups, the account was removed from his report. His credit score improved by 75 points within a month.
Step 2: Demand Debt Validation From Holloway Credit Solutions
We mentioned this earlier. Under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA), collection agencies must prove that a debt is valid before they can legally report it.
Send Holloway Credit Solutions a debt validation request demanding:
- A copy of the original signed contract proving you agreed to the debt
- A full payment history from the original creditor
- Proof that Holloway Credit Solutions has the legal right to collect the debt
- Proof that you were properly notified before the debt was reported
Failure to provide proper documentation can result to deleting the debt from your credit report.
⚠️ What if they do not? Then, you have grounds to file a formal complaint with the Consumer Financial Protection Bureau (CFPB) and your state's attorney general. You can also send a dispute letter to the credit bureaus, providing evidence of Holloway Credit Solutions' non-compliance.
Step 3: Check for Errors on Your Credit Report
Collection agencies often make mistakes. Obtain a free copy of your credit report from AnnualCreditReport.com and look for errors such as:
- Wrong name, account number, or balance
- Debt that is too old to be reported (over seven years old)
- A debt that doesn’t belong to you
If you find any errors, file a dispute with the credit bureaus.
Here’s another story from our client Sarah with an incorrect debt entry:
Sarah, a small business owner, noticed Holloway Credit Solutions listed a debt on her credit report that she had already paid years ago. She disputed the account with the credit bureaus, and within 30 days, it was removed. She was able to secure a business loan with better interest rates soon after.
Step 4: File a Dispute with the Credit Bureaus
Once you identify errors, you can dispute the debt directly with Experian, Equifax, and TransUnion. You can do this online, by mail, or by phone. The credit bureau must investigate and respond within 30 days. If they find the debt is incorrect, they will remove it from your report. However, many individuals find self-disputing challenging and often face frustration due to the time commitment and frequent lack of success.
Common Mistakes People Make When Filing Disputes
Many people make critical errors when disputing debts, which can lead to their disputes being ignored or denied. Here are some common mistakes to avoid:
- Not including enough supporting documentation – Always attach copies of statements, letters, or any evidence that supports your claim.
- Filing disputes online without keeping a paper trail – Sending disputes by mail with return receipt requested provides proof of submission and prevents being ignored.
- Disputing multiple items at once – Credit bureaus may see this as frivolous and reject the entire dispute.
- Not following up – If you don’t receive a response within 30 days, follow up with the credit bureau to ensure your case is being handled.
The credit dispute process can be complex and time-consuming, often leading to unsuccessful outcomes for those attempting it alone. That's where we come in. Our experienced team at ASAP Credit Repair understands the intricacies of credit dispute procedures and can handle the entire process for you, maximizing your chances of success and saving you valuable time and stress.
Step 5: Negotiate a Pay-for-Delete Agreement
If the debt is valid, you can attempt a pay-for-delete agreement. This means offering to pay the debt in exchange for Holloway Credit Solutions removing it from your credit report. Not all debt collectors agree to this, but it’s worth trying. However, what we can recommend is focusing on challenging the validity of credit report entries rather than negotiating payment.
We believe in ensuring accuracy and upholding your rights under the FCRA and FDCPA. While a pay-for-delete agreement can sometimes be a quick fix, it essentially acknowledges the debt's validity, which sometimes is NOT the case.
When choosing to pursue this option, be sure to get the agreement in writing before making any payment. This will protect you in case Holloway Credit Solutions fails to uphold their end of the deal.
Step 6: Send a Goodwill Letter
If you have already paid the debt, consider sending a goodwill letter to Holloway Credit Solutions. This is a polite request asking them to remove the account from your credit report. Explain why you missed the payment and how your financial situation has improved.
Know Your Rights When Dealing with Holloway Credit Solutions
The Fair Debt Collection Practices Act (FDCPA) protects you from abusive debt collection tactics. Debt collectors like Holloway Credit Solutions must follow the law. They cannot:
- Harass or threaten you with violence or jail time
- Call you at odd hours (before 8 AM or after 9 PM)
- Contact you at work if you’ve asked them to stop
- Discuss your debt with family, friends, or your employer
- Lie about what you owe or pretend to be a lawyer
- Add extra fees or interest that aren’t legally allowed
What to Do If They Violate Your Rights
If Holloway Credit Solutions violates your rights under the FDCPA, you have options:
- Document Everything – Keep records of all calls, letters, and emails from them.
- Tell Them to Stop – Send a written cease-and-desist letter requesting that they stop all contact.
- File a Complaint – Report them to the Consumer Financial Protection Bureau (CFPB) or the Better Business Bureau (BBB).
- Sue for Damages – You may be able to sue them for violating your rights and receive up to $1,000 in statutory damages.
If you feel overwhelmed, a consumer protection attorney can help you take action against unfair debt collection practices. For more information, check our article about Credit Collection Harassment.
What to Do If Holloway Credit Solutions Sues You
So what happens if debt collectors take this to court? Well, it happens. Holloway Credit Solutions takes legal action against you, don’t ignore it. Here’s what to do:
- Respond to the lawsuit. Ignoring it can lead to a default judgment against you.
- Hire a lawyer. A lawyer can help you defend yourself.
- Check the statute of limitations. If the debt is too old, they may not be able to sue you.
Client Story: Emily’s Courtroom Battle
Emily was sued by Holloway Credit Solutions for a five-year-old credit card debt. She consulted a lawyer who found that the debt was past the statute of limitations. The case was dismissed, and she no longer had to worry about the lawsuit.
📌Good Read: How to Get a Debt Lawsuit Dismissed: Steps and Advice
Final Thoughts
Removing Holloway Credit Solutions from your credit report can dramatically improve your credit score and bring you significant peace of mind. Start by investigating the debt, disputing errors, negotiating a pay-for-delete, or sending a goodwill letter.
Don't wait to reclaim your financial freedom. Partner with ASAP Credit Repair today and let us handle the complexities of credit repair for you. Take decisive action now to secure your future.
If you have any questions or need assistance, leave a comment below!