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Are you receiving phone calls, messages, and letters from General Service Bureau? You may be wondering, why are they contacting me, right?
General Service Bureau most likely owns some type of debt that you have, and they listed it as a collections account on your credit report. This collection account can remain on your credit report for up to 7-years, damaging your credit score and hurting your financial capabilities.
I know, the news you did not want to hear. Fortunately, this article will show you how to remove General Service Bureau from your credit report and more. Let’s get started.
What is General Service Bureau?
General Service Bureau, Inc is a debt collection agency that was founded in 1946.
Headquartered in Warren Buffett’s hometown, Omaha, Nebraska, this debt collector is aggressive and collects debt for various healthcare providers.
Hence, why they are constantly calling your mobile phone and sending you letters. They have grown in size and now operate as both General Service Bureau, Inc, and Early Out Services, Inc.
So, make sure to review your credit report and see which name they have listed.
Alright, let’s remove General Service Bureau (GSB) from your credit report.
How to Remove General Service Bureau From Your Credit Report
When trying to remove General Service Bureau, Inc, from your credit report, there are three primary strategies you can employ: (1) Get Help From a Professional, (2) Request Debt Validation, and (3) Negotiate a Pay-for-Delete.
#1. Get Help From a Professional
The best thing you can do when dealing with any debt collector is to get help from a credit repair professional. The best credit repair companies are in the business of removing collection accounts from credit reports.
It is their bread and butter. Collectively, as an industry, these professionals have removed thousands of negative items and helped consumers repair their credit.
#2. Ask for Debt Validation
According to the Fair Debt Collection Practices Act (FDCPA), you have 30-days after initial contact to request debt validation.
By law, all debt collectors are required to provide supporting documentation to validate their claim that you owe the debt. Who knows, maybe it is a mistake that they are calling you.
To do this, write General Service Bureau a short debt validation letter. In your letter, ask for specific details about the debt.
If GSB cannot provide supporting documentation, then they must contact all three credit bureaus and remove the collection account from your credit report.
#3. Negotiate a Settlement
Don’t worry. If you are outside the 30-day window, you still have options to remove General Service Bureau from your credit report.
The next thing you can do is negotiate a pay-for-delete with GSB. To do this, write to them stating that you are willing to pay off the debt, but in exchange, you want the collection entry removed from your credit report.
Make sure to get this in writing. Debt collectors are notorious for agreeing to one thing over the phone, but not following through with their end of the agreement. So, when you send your letter, send it via certified mail and request a return receipt.
This will leave a “paper trail,” which will bolster your claims if you have to elevate the situation to all three credit bureaus.
Additionally, do not say you will pay the full amount. Often, debt collectors will buy your debt for pennies on the dollar, which means they will still turn a profit if you pay more than what they purchased it for.
We recommend you offer to pay off 50% of the amount they are requesting. See what they say.
General Service Bureau, Inc, Mailing Address
- Mailing Address: 10303 Crown Point Avenue #210, Omaha, NE 68134
Frequently Asked Questions
How Does General Service Bureau Work?
Like most debt collectors, GSB buys debt from large corporations who are unsuccessful at collecting the debt you owe.
Seems weird, right? Why would someone buy debt? Better yet, why would someone sell my debt? This is common in the finance world. Debt is continuously bought and sold amongst two different parties.
Corporations want it off their balance sheet, and debt collectors know they can turn a quick profit.
In an attempt to turn a profit, General Service Bureau, Inc, will do whatever they can to get you to pay. This is why they are always calling and sending you letters.
Can General Service Bureau Sue Me?
If General Service Bureau can validate the debt and it is within your state’s statute of limitations, then they can sue. Debt statute of limitations varies between states, so double check your state’s laws.
However, if you find yourself in this position, then you need to seek help from a lawyer right away.
Bottom Line: How to Remove General Service Bureau from Your Credit Report
There you have it. These strategies are proven to help you remove a General Service Bureau from your credit report. Remember, we highly recommend you hire a credit repair company, but it boils down to personal preference. So, choose a strategy that works for you.
