You may be wondering if medical bills can land you in a debt collectors list, and the answer is yes. You can be in significant trouble if you don’t pay your medical bills on time.
Aargon Agency Inc.’s main focus is medical-related debts, among others.
This company was established in 1996, and they have become the national leader in medical debt collection specializing in the debt recovery of healthcare providers.
They make use of state-of-the-art technology and other debt recovery strategies that have proven successful in their bid to collect debts. They also have a wide range of national debt recovery services that are spread all over the country, which are specifically tailored to help you repay your debts.
In addition to medical debt collection, they also deal with utility business debt, which collects from retail businesses, properties, and banks. They have set up debt collection agencies in the following cities – Las Vegas, Honolulu, St. Louis, Tampa, and Denver.
Over the years, they have been expanding into several subsidiary companies such as; the medical bill.com, Total credit recovery, Excelon executive, APM tenant management, and Aargon Funding.
Is it a scam?
Aargon Agency Inc. is a legitimate, well-known company. They are headquartered in Las Vegas, Nevada, and have many offices spread out all over the country such as Missouri, Florida, Hawaii, and Colorado.
So, if you have received a call from them or any of their subsidiaries, this is a legit call, and you should start the process of negotiating for payment terms.
This company is listed on the BBB – Better Business Bureau site, and they do have many complaints against them. Most of these are to do with violations of the FDCPA rules, and making misleading and false accusations against their clients.
BBB has given them an A+ rating, and as of 2017, they had closed over 84 complaints against Aargon Agency Inc.
Aargon Agency, Inc.
8668 W. Spring Mountain Road.
Las Vegas, NV. 89117.
Phone Number: 800-326-7118
How do they operate?
They work like other debt agencies, and this means using all possible means to find a debtor and request them to repay their debts.
They are however quite intimidating when collecting on debts.
Most people complain about Aargon Agency Inc. harassing them. This is not right. Many different consumers say that Aargon uses a phony telephone number that is untraceable.
The government however, knows how debt collectors behave, and they have set up a body – The Fair Debt Collection Practices Act (FDCPA) to help protect you from their unscrupulous acts.
So, according to the FDCPA you are supposed to understand your rights and exercise them whenever a debt collector calls you. Here are some of your rights;
- You should never feel threatened by a debt collector.
- Debt collectors are not allowed to give you a call while you are still in the office.
- They are not allowed to call your friends and neighbors and disclose information about your debt.
- They should not call you too early in the morning or late at night.
- They must give you the right documentation to substantiate their claim about a debt you owe.
- They shouldn’t threated to arrest you or imprison you. This is not legal.
- They must never send letters that appear to be from a court or the government
- They should never threaten that they will take any legal action against you.
Steps you should take once Aargon Agency Inc., contacts you.
They usually get you on the phone, then they send letters and emails letting you know that you have a debt that needs to be paid off.
The minute you receive their letter, most people immediately go on the defense and they start looking for money to pay off the debt, but this shouldn’t be so.
Do not pay them – well, not yet anyway.
The reason for this is that the debt may not necessarily be yours. Debt collection agencies usually search the internet, phone books and many other online databases, just looking for addresses of people whose names resemble the debtor. They will then send demand letters to everyone on their list.
Therefore, simply because you have a letter coming from a debt collection agency, doesn’t mean that the debt belongs to you. It may even be erroneous.
Debt collectors also purchase debts from other debt collection companies, and in the process of transferring from one to another, a lot can get mixed up, and they may not always have the best documentation, and could end up contacting the wrong person.
So, what should you do?
When you are sent a letter by, let’s say, Aargon agency, the best advice here is for you to reply to this letter, and ask them for a verification letter.
This is a letter requesting the debt collectors to verify the debt belongs to you, and they are required to reply to you within 30 days with the information that you requested. They are supposed to present you with undisputable facts that you do indeed owe the debt.
These facts should include; your name, your social security number, the date that the debt was taken out, all of the payments you had made prior to defaulting, the date the debt was defaulted, and the number of days that the debt hasn’t been repaid yet.
This should take care of any doubts you may be having concerning the debt, on whether or not you owe it or not.
The document they send you to verify is known as a – Debt Validation Letter.
If after 30 days they have not validated the debt, as per the rules of the FDCPA, you therefore are not legally liable for the debt, and it should be forgiven. In addition to that, the debt collector has a responsibility to contact all of the major credit bureaus and request them to remove reported debt from your report.
What is the statute of limitation?
This is the length of time that a debt should last.
The law is very clear on this, and it is important that you understand what it means. Every state however has its own rules, so, check out the rules as per where you live.
So, generally, the statute of limitation dictates how long a debt should last. The rule usually is seven years, which means that if a debtor is trying to collect on a debt that is more than 7 years old, they shouldn’t be. You are no longer liable to pay back this loan.
But, if they first contact you and you rush to repay, you can re-activate the statute of limitation all over again, and you become liable to repay the loan.
This also dictates the time in which a debt should have been removed from your report.
Aargon Agency Inc. on your credit report
The major credit bureaus collect information about you from your creditors, banks and other companies you have borrowed from, and they use this to create your credit report and calculate your score.
The information they collect includes number of loans taken, defaulted accounts, late payments, etc.
This information can be disputed if it is not correct, and the dispute mostly helps to improve your credit score.
If Aargon doesn’t provide you with a validation of the information, then they are supposed to ensure that it is removed from your credit report.
The minute you start conversing with this debt collector, and they validate your debt, then you have got no other bargaining chip, and you must pay the debt.
This process isn’t easy, and it will involve some negotiations. But what most people don’t know is that you can actually negotiate your way into paying a much lesser debt than was initially reported.
Debt collector’s main need is to have part of the debt, or all of the debt paid up, and so, when you initiate a negotiation, they are more than willing to negotiate with you.
It is good to engage a third party in this process such as a dispute resolution company or a lawyer. An accountant would also be good, to help you get the best deal.
According to research, the average American has more than $38,000 in personal debt, and this includes mortgages.
At least 87% of American families are in debt, and as such, debt collection is a booming business. These companies keep coming up each year, and they are making plenty of money from calling and sending notices to the debtors.
This means that it is almost inevitable to be found in a sticky situation, and when this happens, the best advice would be to find a way to resolve the issue as soon as possible.
Unfortunately, Americans are still struggling with medical debts. The government should come up with good policies in place that will guarantee that everyone has affordable healthcare.