Sometimes when you pay a debt buyer it can lower your credit score even more. As long as they report to your credit report they may lower your credit score. You have protected rights when you deal with AWA CollectionsĪWA Collections can stay on your credit report for up to 7 years whether you pay it or not.They take a fee for what they collect from you. AWA Collections usually does not own your debt.AWA Collections are governed by the Federal Fair Debt Collections Practice Act or FDCPA and possibly your state’s version of the FDCPA.When AWA Collections is involved they can report to your credit report AND the original creditor can appear on your credit report.If you are confused as to your rights, call us or a Consumer Credit Attorney. Third party debt collectors have to follow the Federal Fair Debt Collections Practice Act or FDCPA and possibly your state’s version of the FDCPA. Then they turn over the remaining money they collected from you to the original creditor or debt buyer. Third party debt collectors usually work on a percentage basis meaning if they collect money from you they get a percentage of what they collect. The original creditor may report a balance on the credit report and the third party debt collector may report the exact same amount due. A third party debt collector like AWA Collections may contact you on behalf of the original creditor or a debt buyer that purchased the debt.
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