Dealing with Debt Collection from Harris & Harris, Ltd.: What You Need to Know
Facing debt collection from Harris & Harris, Ltd. can be overwhelming, but understanding your rights and options can help. This guide covers key information about the agency, debt resolution strategies, and how to protect yourself.
🏢 Who Are Harris & Harris, Ltd.?
Harris & Harris, Ltd. is a debt collection agency headquartered in Chicago, Illinois. They specialize in collecting debts in industries such as:
- Medical debts 🏥 from hospitals and healthcare providers.
- Government collections 🏛️ including traffic violations, taxes, and fines.
- Utilities and telecommunications 📞 for unpaid bills.
🔗 Contact Information:
📍 Address: 111 W. Jackson Blvd, Suite 650, Chicago, IL 60604
📞 Phone: (312) 251-2300
View their website and BBB profile here.
💰 Should You Negotiate a Debt Settlement or Pay in Full?
If Harris & Harris, Ltd. contacts you, you may wonder whether to:
- Pay in full – Avoid future legal trouble and improve your credit score.
- Negotiate a settlement – Pay a lower amount to resolve the debt.
When to choose settlement:
- You cannot afford to pay the full amount.
- The debt is old, and the agency may accept a reduced sum.
- You want to resolve the account but need a lower lump sum option.
When to pay in full:
- The debt is valid, and you want to avoid collections.
- You have the financial ability to clear the balance.
👉 Learn more about debt negotiation and your rights.
📉 Will Paying a Collection Debt Remove It from Your Credit Report?
Debt collections stay on your credit report for up to seven years, even after payment. However, you can:
- Negotiate “Pay for Delete” – Some agencies agree to remove negative marks upon payment.
- Request a goodwill adjustment – If the debt is settled, ask the collector to update your report.
- Dispute incorrect information – If the debt is inaccurate, dispute it with credit bureaus.
Check out credit report agencies to learn how to handle reporting errors.
⏳ How Long Can Harris & Harris, Ltd. Legally Collect a Debt?
Each state has a statute of limitations that limits how long collectors can sue you for unpaid debt. Once the time expires, they cannot legally force you to pay.
📅 Common time limits:
- Credit card debt: 3–6 years
- Medical bills: 3–7 years
- Auto loans: 4–6 years
🛑 Be careful! Making a payment may restart the clock on an old debt. Learn how many years a debt collector can pursue you here.
⚠️ Can Debt Collectors Garnish Your Wages?
Harris & Harris, Ltd. can sue you for unpaid debts. If they win, they might:
💰 Garnish your wages – Take a portion of your paycheck.
🏠 Put a lien on your property – Claim ownership of assets.
🏦 Freeze your bank account – Block access to funds.
If you receive a summons, do not ignore it. Learn what happens if a collection agency sues you to protect yourself.
📞 Stop Harassment from Harris & Harris, Ltd.
You have rights under the Fair Debt Collection Practices Act (FDCPA). Debt collectors CANNOT:
- Call before 8 AM or after 9 PM.
- Harass or threaten you.
- Lie about the amount you owe.
- Contact your employer if you ask them to stop.
If you’re being harassed, find out how to handle debt collectors and take action.
🛡️ How Consumer Rights Law Firm Can Help
At Consumer Rights Law Firm PLLC, we protect consumers from unfair debt collection. Our experienced attorneys help:
- Stop harassment from aggressive collectors.
- Dispute inaccurate debts and credit report errors.
- Negotiate better settlement terms or file lawsuits if necessary.
If Harris & Harris, Ltd. has contacted you, take action now. Contact us today for a free consultation. 📞