How to Resolve Debt with CBM Services Inc. in 2024
You have multiple options to resolve debt with CBM Services, including payment, settlement, or disputing debts you don't owe. Always validate the debt first and get any settlement agreement in writing before paying. If CBM Services sues you, respond quickly to protect your rights.
Respond to CBM ServicesResolving debt with a collector means clearing what you owe through payment or negotiation. CBM Services Inc. will contact you about debts owed to their clients. You may receive multiple letters, calls, and emails daily.
Before you pay anything, confirm the debt is yours. Identity theft and mistaken identity happen more often than you think. Send a Debt Validation Letter first before making any payment decisions.
Facing a Lawsuit from CBM Services?
Don't let CBM Services win by default. Respond to their lawsuit quickly and protect your rights. Get expert help drafting your Answer today.
Answer Your LawsuitSeveral options exist to resolve your debt with CBM Services. Each approach works differently depending on your financial situation.
Who Is CBM Services Inc?
CBM Services Inc. is a third-party debt collection agency based in Midland, Michigan. The company has over 100 years of experience in the financial sector. They collect debts for government, medical, commercial, and financial institutions.
CBM Services Inc. promises clients a high success rate for collecting on delinquent accounts. They offer credit reporting, debt collection, and legal action services. You can contact them using this information:
- Physical Address: 300 Rodd Street, Suite 202, Midland, MI 48640
- Phone Number: 989-631-0104
- Toll Free: 800-968-2733
- Email: cbminfo@cbmservices.com
Consumer Reviews Show Major Problems
CBM Services has poor ratings across multiple review platforms. Most consumers report negative experiences with the company.
Average Ratings Summary:
- BBB: 1 star
- Chamber of Commerce: 1.8 stars
- Birdeye: 1.9 stars
- WalletHub: 2.6 stars
Common complaints include rude representatives, inaccurate credit reporting, and contact about already-paid debts. Some of these issues violate the Fair Debt Collection Practices Act (FDCPA). You have legal rights if CBM Services violates FDCPA protections.
Dispute Debts That Aren’t Yours
CBM Services may contact you about debts you don’t owe or already paid. You can resolve this by disputing the debt directly with them. Also dispute it with the three credit bureaus if it appears on your credit report.
Send CBM Services a Debt Validation Letter requesting detailed information. You need the debt amount, original creditor name, and when you supposedly acquired it. Use these details as evidence when you write dispute letters to credit bureaus.
The credit bureaus will investigate and respond within 30 days. They will remove or modify the debt based on their findings.
Example: CBM Services contacted Tina about an unfamiliar debt. She sent them a Debt Validation Letter within 30 days of first contact. After investigating, CBM Services discovered the debt was already paid. Tina never heard from them again.
If CBM Services sued you over a disputed debt, respond to the lawsuit first. Our partner Solo can help you respond to debt collection lawsuits and improve your chances of winning.
Pay Your Debt in Full
Paying the full debt amount stops collection efforts immediately. You can only do this if you have sufficient funds available. Make sure you keep enough money for living expenses and other debts.
Consider the credit score impact before paying in full. Your credit score may temporarily drop after paying off an account. The score will recover quickly if you maintain good financial habits. Keep the account open after paying to avoid additional score penalties.
Full payment isn’t always possible for everyone. Financial hardship makes lump-sum payments unrealistic for most people.
Settle Your Debt for Less
Debt settlement means paying a percentage of what you owe to clear the debt. You typically make one lump-sum payment for the reduced amount. Send a settlement offer to CBM Services to begin negotiations.
Start your offer low because CBM Services will likely counter with a higher amount. They may investigate your financial situation before responding. Expect them to review your debt amount, payment history, and reasons for non-payment.
Negotiation takes time and patience. You may exchange several offers before reaching an agreement. Once you agree on an amount, get everything in writing.
Collectors sometimes go back on verbal agreements after receiving payment. They may threaten lawsuits or promise credit report removal if you pay more. Written agreements protect you from these tactics.
Use Professional Help to Settle
Professional settlement services simplify negotiations with CBM Services. Our partner Solo helps you send and receive settlement offers directly. They handle all paperwork to ensure you get written agreements.
The service transfers your settlement payment to CBM Services securely. Your financial information stays private throughout the process. Professional help removes the stress of negotiating with aggressive collectors.
Know Your Rights Under FDCPA
The Fair Debt Collection Practices Act protects you from abusive collection practices. Collectors cannot harass you, threaten you, or contact you at unreasonable times. They must verify debts when you request validation.
CBM Services must follow these rules when collecting from you. Document every interaction with them, including calls, letters, and emails. You can sue collectors who violate your FDCPA rights.
Many consumers successfully hold collectors accountable for violations. You may receive compensation for damages caused by illegal collection practices.
Respond If CBM Services Sues You
CBM Services may file a lawsuit to collect your debt. You must respond to the lawsuit within the deadline on your summons. Most states give you 20 to 30 days to file an Answer.
Your Answer should address each claim in the Complaint. Admit what’s true, deny what’s false, and state what you don’t know. Include any affirmative defenses that apply to your situation.
Our partner Solo can help you draft and file your Answer quickly. Responding to the lawsuit improves your chances of reaching a favorable settlement. Ignoring the lawsuit leads to a default judgment against you.
Consider Credit Counseling Options
Credit counseling provides professional guidance for managing your debts. Counselors can help you create a realistic budget and repayment plan. Some counseling services negotiate with collectors on your behalf.
Debt management plans consolidate your payments into one monthly amount. Counselors may secure lower interest rates from your creditors. These plans typically take three to five years to complete.
Credit counseling may impact your credit score temporarily. The long-term benefits often outweigh short-term score changes. You’ll develop better financial habits while clearing your debts.
Check Your Credit Report Regularly
Monitor your credit reports for accuracy after dealing with CBM Services. Collection accounts can remain on your report for seven years. Make sure CBM Services reports your account correctly after settlement or payment.
You can dispute inaccurate information directly with credit bureaus. They must investigate disputes within 30 days of receiving them. Inaccurate information must be corrected or removed.
Building good credit takes time after dealing with collections. Focus on making timely payments and keeping balances low. Our partner Kikoff can help you rebuild your credit score affordably.