Sunrise Credit (2024)

FAQs

Can you negotiate with Sunrise Credit Services? ›

How to negotiate with Sunrise Credit Services? It is possible to negotiate with debt collection companies, even if you really do owe money. You can try to offer to pay a fraction of the debt they say you owe. However, Sunrise Credit Services may counter your proposal or try to insist you pay the full debt.

Sunrise Credit Services is a family-owned, accounts receivable management service collecting debts for creditors across the country, like Bank of America and AT&T. With 35 years in business, they have collected debt in industries such as college tuition, retail store cards, banking credit cards, and telecommunications.

A pay-for-delete settlement is when the debt collector agrees to stop reporting your debt in exchange for payment. Sunrise Credit Services may even accept less than the full amount, but this will require negotiation. You may start by offering to pay Sunrise Credit Services half of the total balance and go from there.

Its headquarters are in Farmingdale, New York, and it's a late-stage debt collector, which means it may purchase the right to collect a debt from the original creditor. Sunrise Credit Services collects a variety of debts, including: Payday loans. Credit card debt.

Home » Is Sunrise Credit Services, Inc. a scam? Answer: NO.

Typically, a creditor will agree to accept 40% to 50% of the debt you owe, although it could be as much as 80%, depending on whether you're dealing with a debt collector or the original creditor. In either case, your first lump-sum offer should be well below the 40% to 50% range to provide some room for negotiation.

Forgiving a portion of your balance is one strategy collections agencies can use to recoup some of what's owed on the debt. "Some collectors may discount the total amount owed, recognizing that they acquired the debt at a discount.

Sunrise Credit is a minority owned collection agency (Woman owned). As of January 2013 Diane Doane Plowman is now the CEO of Sunrise Credit Services and head of the operation.

Depending on the situation, debt settlement offers might range from 10% to 50% of what you owe. 1 The creditor then has to decide whether to accept.

While a pay-for-delete request is unlikely to work with the original creditor, a third-party debt collection agency might be more amenable. Though don't be surprised if the debt collector refuses: Removing an accurately reported item from a credit report may violate its reporting agreement with the credit bureaus.

How do I delete a collection without paying it? ›

You cannot remove collections from your credit report without paying if the information is accurate, but a collection account will fall off your credit report after 7 years whether you pay the balance or not.

Typically, your debt history will stay on your credit report for seven years even after you pay it, but pay for delete is a process meant to remove the account sooner. This may seem like an effective way to improve your credit score, but the strategy is discouraged under the Fair Credit Reporting Act.

From first- and third-party accounts receivable management to customer care and retention to training your staff in best practices to credit investigations, Sunrise Credit Services provides an extensive menu of accounts receivable management services for our client-partners.

* We will report your Credit Builder loan payment history to the Equifax, Experian, Innovis and Transunion credit bureaus.

Research has shown that watching the sunrise may help boost our moods, reduce inflammation and depression, and even help us get better sleep at night.

Can you reduce the payments? The amount you pay into a DMP doesn't have to be set in stone. If you're struggling to make the payments each month, ask your provider whether it's possible to reduce the monthly payments. Bear in mind that if your payments are reduced, your debt may take even longer to pay off.

If you stop paying RISE, your credit score will drop and you could default on the loan, causing even more significant credit score damage that lasts for years. Other consequences of not repaying a loan from RISE include being hounded by debt collectors and possibly being sued.

Pay-for-delete is a negotiation strategy in which you offer to pay your debt (partly or in full) and, in exchange, the collection agency agrees to remove the derogatory item from your file. This process is meant to remove negative items that are correctly reported, such as missed credit card payments or loan defaults.