How To Deal With Radius Global Solutions Debt Collectors

What Is Radius Global Solutions?

Radius Global Solutions LLC is a debt collection agency based in Edina, Minnesota. Radius collects for various industries. These include utilities, telecommunications, healthcare, government, and retail.

Here is their contact information:

• Website: https://www.radiusgs.com/
• Address: 7831 Glenroy Rd Ste 250, Edina, MN 55439-3117
• Phone number: (888) 287-5711

How does Radius Global Solutions get your debt account? Your original creditor probably sold your debt account to them. Credit card companies do this after unsuccessful collection attempts on delinquent accounts.

Why Is Radius Global Solutions Contacting Me?

Radius Global Solutions is contacting you to collect a debt. The company collects several kinds of debt. Healthcare debt is one. Utilities and telecommunication debt like power bills or cell phone bills are others.

Since Radius Global Solutions now owns your debt, you must work directly with them. If you need to negotiate a repayment plan, contact the debt collection agency.

Is Radius Global Solutions Legit?

Yes, Radius Global Solutions is a legitimate company. However, according to the Better Business Bureau (BBB) and the Consumer Financial Protection Bureau (CFPB), Radius Global Solutions has received hundreds of complaints.

The company has an A+ rating with the BBB. Yet consumers have filed over 630 complaints against Radius Global Solutions in the past three years. Multiple complaints mentioned the customer not getting proper paperwork. The paperwork should document the details of the debt they allegedly owe.

A debt collector not giving sufficient information about a debt is a common violation. The Fair Debt Collection Practices Act (FDCPA) is a federal law. It protects you from harassment and unlawful behavior from third-party debt collectors.

If you believe a debt collector has committed a violation, you can report them to the CFPB. You can even sue for compensation.

How Do I Know if I’m Being Scammed?

Even though Radius Global Solutions is a legitimate company, scammers may use their name. They’ll typically ask for sensitive information. Bank account information or your Social Security number are red flags. A legitimate debt collection agency would already have that information.

To avoid being scammed, validate the debt. Don’t hesitate to ask for more information if the situation seems suspicious.

Do I Have To Pay Radius Global Solutions?

Maybe. But before you pay anything or provide any information, validate the debt. You need to verify that:

• The account is yours
• The debt collector genuinely owns the debt
• The amount of debt is accurate

Debt collectors get information wrong frequently. They may not have the right debt, for example. Validating the debt can protect you against these mistakes.

Below are steps you can take to verify and validate the debt.

Step 1: Send a Debt Verification Letter

If you haven’t already received a debt validation letter from Radius Global Solutions, request one from them. You can also craft and send a debt verification letter.

A debt validation letter is a letter from the debt collector. It includes basic information about a debt they’re trying to collect from you. By law, a debt collection company must send you a debt validation letter. They must send it before or within five days of first contacting you.

They must also give you a 30-day window to dispute the debt. During this time, the collection agency can’t continue collection efforts. No phone calls, letters, or emails.

If Radius Global Solutions can’t verify your debt within those 30 days, you shouldn’t have to pay. If this happens, check your credit report. Dispute any errors with the major credit bureaus.

If they can verify your debt within the 30-day window, you must decide what to do next. Your next steps depend on whether you agree with the amount they claim you owe.

Step 2: Decide What To Do Next

When dealing with debt collectors, you may feel stuck. But you do have some choices.

If the debt collector has verified that you owe the debt, you’ll need to decide what to do next.

The three main options are:

• Dispute the debt
• Negotiate or settle the debt
• Ignore the debt (not recommended)

Option 1: Dispute the Debt

You can dispute the debt if you disagree with the amount. You can also dispute if you disagree with other details outlined in the letter.

Often, if there’s incorrect information on your debt validation letter, that same information is on your credit report. It’s always a good idea to check your credit report and dispute any errors you discover.

Under the Fair Credit Reporting Act (FCRA), you have rights. You can get a free copy of your credit report from each of the three major credit bureaus. Experian, Equifax, and TransUnion must provide this once every 12 months.

Also, under the FCRA, you have the right to ask each credit bureau to remove incorrect, negative entries. You can use a 609 Credit Dispute Letter.

Option 2: Negotiate the Debt and Make a Settlement Offer

Paying past-due debt in full isn’t an option for many people. After all, if you had the money to pay, you probably already would have. If this sounds like your situation, consider negotiating a debt settlement instead. With a debt settlement, you negotiate to pay less than the total amount you owe.

Since you’re negotiating, start lower than where you’d like to end up. You could start as low as 25%, and see what the debt collector comes back with. Most creditors will settle for 40%–60% of the original amount. Be willing to meet somewhere in this range if possible.

It may not feel like it, but you do have power in this situation. Debt collectors typically buy your debt from the original creditor for pennies on the dollar. That’s why they’re often willing to negotiate. They’ll usually make their profit even if you pay less than what you originally owed.

Negotiating a successful settlement with Radius Global Solutions may seem intimidating. But it is possible. Our partner Cambridge Credit Counseling can help you create a payment plan that works for your budget.

Can You Negotiate Every Past-Due Debt?

You can negotiate most common past-due consumer debts. Credit card debt, medical bills, personal and payday loans are negotiable. Tax debt is usually negotiable, too. The IRS has its own debt settlement options.

But not every debt is negotiable. For example, mortgages and car loans can’t typically be negotiated. Since they’re backed by collateral, the lender can foreclose on the home. They can also repossess the car if you default on the loan.

Federal student loans aren’t negotiable either. Luckily, due to recent changes, there are many student loan forgiveness options. These may help if you’re struggling to pay your student debt.

Option 3: Ignore the Debt (Not Recommended)

While this is technically an option, ignoring the debt is not recommended. If Radius Global Solutions is contacting you, you may feel the urge to ignore them. You may hope it all goes away.

Unfortunately, this isn’t how it works. Often, ignoring debt collectors can increase your stress and make matters worse.

What Happens if I Ignore Radius Global Solutions?

The worst thing you can do if Radius contacts you is ignore them. Ignoring a debt collector can:

• Harm your credit score
• Increase your debt via interest charges, fees, or court costs
• Increase your odds of being sued and having your wages garnished

Some people believe the myth that your debt will go away after seven years. While the account may fall off your credit report after seven years, the debt itself doesn’t disappear. Debt collectors can continue their collection efforts as long as the statute of limitations hasn’t run out. And no one wants a debt haunting them for that long.

Bottom line: The best thing you can do for yourself is to take action. You can take on Radius Global Solutions and come out the other side.

Can Radius Global Solutions Sue Me?

Yes. If Radius Global Solutions repeatedly contacts you and their collection efforts are ignored, they may file a debt collection lawsuit.

Each debt collector has its own calculation about whether and when to sue. They usually consider things like:

• How strict your state’s wage garnishment laws are
• How long your debt has been in collections
• How much you owe

If a debt collector sues you, you’ll receive official court documents. These are called a summons and complaint. The summons notifies you of the lawsuit and which court will hear your case. The complaint outlines the case against you. In most states, someone will hand-deliver the summons to you or someone in your home.

It’s important to respond to the lawsuit. Otherwise, you risk facing serious consequences. If you’re worried about responding on your own, our partner Solo can help. They’ve helped over 320,000 people respond to debt lawsuits.