Merchants’ Credit Guide Company is a licensed, third-party collection agency. Operating out of Chicago for over 120 years, Merchants’ Credit Guide Company helps companies recover outstanding debt by working with consumers to understand their overdue debt and making arrangements with them to resolve the debt.

What happens if sued by debt collector?

You are right not to ignore the lawsuit notification. Ignoring a suit could lead to a default judgment by the court. This usually means that a judge can grant your debt collector the right to garnish your wages or levy your bank account by default. You also lose the ability to dispute the debt.

Is Enhanced Recovery Company?

Enhanced Recovery Company, LLC (ERC) is a real, legit company. Enhanced Recovery Company is one of the largest collectors of phone bill debt, buying debt from major providers such as AT and Sprint.

How do I get rid of enhanced recovery company?

Below are three steps you can take right now to remove ERC from your credit report.

1. Step 1: Have ERC Verify the Debt is Yours. If ERC has not sent you verification documents, then the first thing you need to do is have them verify that the debt is actually yours.
2. Step 2: Enhanced Recovery Pay for Delete.

Who is the confirming bank on a letter of credit?

Confirmed Letter of Credit. A confirmed letter of credit involves a bank other than the issuing bank guaranteeing the letter of credit. The second bank is the confirming bank, typically the seller’s bank.

What does a letter of credit do to a seller?

A letter of credit is an instrument from a bank, which guarantees a buyer’s payment to a seller if certain criteria are met. If the buyer can’t pay up, due to the agreed contract through the Letter of Credit, the bank will cover the remaining price.

How can I dispute a credit inquiry letter?

To dispute an inquiry, you must contact each of credit bureaus that lists it. Sometimes companies and individuals make hard inquiries that were not authorized by you. In those cases, there is a way to have the inquiry removed and to improve your credit as a result. It’s called a “credit inquiry removal letter” or a “credit inquiry dispute letter.”

When to report an unauthorized charge on a credit card?

You could be liable for the charges if too much time passes from the time the charge is made to the time you report it. Specifically, the Fair Credit Billing Act says that you should report unauthorized charges and other credit card billing errors to your card issuer within 60 days of the date the statement containing the error was mailed. 2