Champion Strategy Holding is a debt collection company in the United States of America. They have a negative rating on most review sites in America. They pose as an organization that works with third-party lenders to collect a debt that has not been paid by non-compliant borrowers. In the USA, it is common to have your details going into a debt collection if you don’t pay for a long duration.
Champion Strategy Holding works in this manner as they attempt to collect the debt through letters, email, phone calls, and text messages.
How Champion Strategy Holdings Work
If you don’t respond to the debt collection advances they make for a certain period of time, they can sue you to court. This period of time for suing an individual varies from state to state. If Champion Strategy Holding wins the court case, they have the right to garnish your wages in a bid to reconcile the debt.
When we say garnish your wages, we imply that they can contact your employer and ask that a part of your paycheck be diverted to them. It is not fair to take a loan and not make effort to pay. Even to the point of the lender desperately reaching out to the Champion Strategy Holdings company for debt collection.
The only way you will get a call from the Champion Strategy Holding company is if you incurred a loan and failed to make repayment for a long period of time. It is important to note that they also have the right to put a lien on your property. This implies that you cannot sell it while the lien is in effect. Try to not get your credit score account flagged with a collection status.
Reports On Champion Strategy Holdings Being A Fake Company
A lot of review sites state that their reports of individuals owing payday loans were not accurate. Also worth noting is that their official website – does not indicate anything that associates them as a debt collection company. It is normal for lenders to sell the personal details of debtors to debt collection agencies in a bid to retrieve their loans by force or persuasion. Their website does not indicate this service.
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3 Ways To Know That Champion Strategy Holdings Is A Fake Company
There are trademarks that are used for Champion Strategy Holdings. Here are some of them:
1. They Go And Threaten Your Family, Employers, And Friends About Your Debt
It is important to note that according to USA laws, debt collection agencies are not allowed to share your debt details with most people. For instance, they are not allowed to coerce you to make a payment by threatening you. This approach from any debt collection agency shows that they are a scam.
2. The Debt They Contacted You For Does Not Belong To You
If Champion Strategy Holdings are asking you to pay the debt you know nothing about, then you have a scammer in your hands. You have to look at your credit reports to investigate which debt collection agencies your defaulted debts have been sent to. You can also go on to reach out to your lender to see if your defaulted debt has been sold off.
3. They Put Pressure On You
Something that debt collection scams employ is making use of scare tactics and threats. According to online complaints, this might be the case, as most persons complain of Champion Strategy Holdings making use of an emotional card all the time. They usually do this by making alleged debtors appear to be irresponsible.