Reliant Capital Solutions: Why Are They on My Credit Report?

November 1, 2023 | 4 min read

Credit Saint

Written By:

Credit Saint

Ashley Davison

Reviewed By:

Ashley Davison

  • This company is likely hurting your credit score.
  • You may be able to remove them from your credit report.
  • We can help you check, call us now to learn more!

Rated 4.8/5
10,213 reviews

What is Reliant Capital Solutions on my credit report?

Reliant Capital Solutions is a debt collection agency that specializes in purchasing and collecting overdue accounts. If you’re seeing them on your credit report you likely have an unpaid balance.

Is Reliant Capital Solutions a debt collection agency?

Absolutely, Reliant Capital Solutions functions as a debt collector. They acquire unsettled debts from creditors who have given up on collecting those amounts. Once Reliant Capital Solutions has your debt, they might contact you through mail or phone to seek payment. Having a collections account listed on your credit report can lower your credit score, affecting your ability to secure loans or other financial approvals.

Who does Reliant Capital Solutions collect for?

Reliant Capital Solutions acquires outstanding debts from various creditors. It’s hard to pinpoint exactly who they represent, as this data often isn’t shared widely and changes regularly.

Does Reliant Capital Solutions hurt my credit score?

If Reliant Capital Solutions is listed on your credit report, it likely has a negative impact on your credit score. Having a debt collection company on your credit report can significantly harm your credit score due to several factors. Here’s why:

First, it indicates that you have past-due debts that have been handed over to collections, reflecting a history of financial difficulty or non-payment. Second, it adds a negative entry to your credit history, impacting your payment history, which is a crucial component of your credit score. Additionally, collections can remain on your credit report for up to 7 years, continuously dragging down your score during that time.

How do I remove Reliant Capital Solutions from my credit report?

For Reliant Capital Solutions to be removed from your credit report, certain conditions need to be met, such as finding inaccuracies or errors on the account. It’s alarming, but according to a U.S. PIRGs study, a staggering 79% of credit reports have mistakes. We specialize in addressing these issues for our clients.

Should I pay for a delete with Reliant Capital Solutions?

Credit Saint’s position is to always address any outstanding or unpaid debts so that they do not cause more potential harm in the future. However, remember that even after the item it paid, the collection will still remain on your credit history for 7 years from the date of delinquency of the original account. If you feel the item is reported inaccurately you have the right to dispute it.

Should I negotiate a settlement with Reliant Capital Solutions?

Step one is to contact the collection agency and discuss the account. Confirm the original creditor, confirm the account is yours, and discuss your options. If the collection agency is willing to work with you on settling the account for less than full balance, they can advise you of your options.

Still, as mentioned above, this may not automatically remove the damage from your reports. You can ask the collection agency representative what your options for deletion are. If they are not willing to remove the item and you feel it is inaccurate or in error, you have the right to dispute it to the credit bureaus.

Is Reliant Capital Solutions legit or a scam?

Reliant Capital Solutions is not fake or a scam. They are a legitimate business, however, their persistent calls might feel overwhelming. Addressing any unverified debts is one way to manage this.

Why does Reliant Capital Solutions keep calling me?

Reliant Capital Solutions is likely trying to recover a debt, which is why they keep reaching out. The worst thing you can do is ignore them. You do not want to have the situation be escalated to another collection agency or to have them seek legal action for the debt. Have a conversation with them about the account to review all the details of it.

How to get Reliant Capital Solutions to stop calling me?

To stop Reliant Capital Solutions’s constant calls, it’s advisable to collaborate with a professional agency like Credit Saint. By addressing the root cause, you can eliminate those disruptive calls for good.

What are my rights when dealing with Reliant Capital Solutions?

Remember, you’re entitled to contest any debt that Reliant Capital Solutions claims you owe. They operate under regulations set by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). These acts empower consumers, especially when leveraged correctly.

Will Reliant Capital Solutions sue me or garnish my wages?

The likelihood of Reliant Capital Solutions resorting to lawsuits is minimal. Though it can occur in exceptional situations, it’s not a standard practice. Various state and federal laws provide protections against wage garnishment. If concerned, reach out to us for expert advice and guidance.

Does Reliant Capital Solutions accept a goodwill letter?

From our experience, Reliant Capital Solutions typically does not entertain goodwill letters for removing collection records or charge-offs.

What do Reliant Capital Solutions reviews say?

Reliant Capital Solutions’s reviews on BBB aren’t favorable. Their aggressive approach to debt collection is likely a significant factor behind the negative feedback.

What is Reliant Capital Solutions phone number?

Before considering reaching out to Reliant Capital Solutions, we suggest contacting Credit Saint first. Why? It’s essential to ascertain the legitimacy of the claimed debt. A hasty payment might inadvertently affect your credit health.

Bottom line

Before trying to settle any debt, we recommend seeking advice from a credit repair expert. Settling might seem like a solution, but it can sometimes do more harm to your credit score depending on the scoring model being used, or the type of credit trying to be obtained.

Ashley Davison

Reviewed By:

Ashley Davison

Editor

Ashley is currently the Chief Compliance Officer for Credit Saint, previously the Chief Operating Officer. Ashley got into the Financial world by working as a Logistics Coordinator at Ernst & Young. Coming from a previous career in education, she is eager to teach the world everything she knows and learn everything that she doesn’t! Ashley is a FICO® certified professional, a Board Certified Credit Consultant, a Certified Credit Score Consultant with the Credit Consultants Association of America, UDAAP certified, and holds a Fair Credit Reporting Act (FCRA) Compliance Certificate.