Serving You Since 1898

Retail Merchants Association, Inc

Serving You Since 1898

(318) 222-4641 620 Crockett St. Shreveport, LA 71101

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Do you report to the credit reporting agencies?

Posted on August 24, 2016

Yes, we do. At this time, we report monthly to Experian and TransUnion.

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Debtors Creditors

What do I do if I have a debt listed on my credit file that I do not owe?

If you have questions, contact our office by mail to request details. Due to privacy concerns, this information cannot be provided by fax or e-mail. Please write to Retail Merchants Association, Inc. 620 Crockett St. Shreveport, LA 71101 We accept such request electronically at info@retailmerchantsinc.com

How do I get a copy of my credit report?

You can access www.annualcreditreport.com and receive a free credit report from all three credit reporting agencies annually.

How long do collection accounts stay on my credit report?

Collection accounts will show for seven years on your credit report. This time limit is based on the date we receive the delinquency (Section 605 of the Fair Credit Reporting Act).

Why is my credit important?

You will need to maintain excellent credit if you wish to make any major purchases in the years to come. In order to buy a house, buy a car, or obtain any type of financing or loan, you will need to maintain a good credit score. There are also many employers that will require that you have a good credit score in order to obtain a job.

How will a collection account change my credit score?

Credit scores are generated using a rather complex formula that has many contributing factors. It is possible that having one collection account can lower your score.

Can you file a lawsuit against a debtor?

We do have access to legal representation to file suit against a resistant debtor.

Does your agency charge an annual fee?

No, we do not charge an annual fee. If we don’t collect, you don’t have to pay.

Can collectors call the debtors place of employment?

Yes, but they are only able to verify employment. They are not allowed to disclose that the debtor owes money to anyone other then the debtor.

Why turn debt over to a collection agency?

We know that your time is valuable. Turning your unpaid debts over to us allows you the opportunity to focus your efforts on your business instead of trying to collect on these debts.

What if I don’t know where the debtor is located?

We have access to many databases that allow us to locate a debtor for you. Just provide us with the best information that you can, and we will do the rest.

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