AAMS Collections

Created by Yusheeka Gray, Modified on Wed, Oct 25, 2023 at 2:57 PM by Tuesday Roa-Oronan

Is AAMS Collections On Your Credit Report?

AAMS Collections operates as a debt collection agency.
It might not be necessary for you to settle your debt (which could potentially affect your credit score negatively).
Reach out at 803-784-8100 to explore the possibility of having AAMS Collections removed from your credit report, possibly without needing to pay off your debt.

Who is the Creditor for AAMS Collections?

AAMS Collections is a debt collection agency that appears on your credit report when they collect a debt on behalf of various creditors. Sometimes, they acquire this debt from the original creditor (like a credit card company or loan provider) at a significantly reduced price, often as low as 10% of the initial cost. In other instances, they might not own the debt but are tasked with collecting it on another company's behalf.

They may reach out to you through mail or phone calls, demanding payment. The presence of a collections account on your credit report can harm your credit score and your chances of securing a loan or other essential financial services. However, removal of this account could be possible.

Does AAMS Collections Impact My Credit Score?

Yes, any negative mark within its statute of limitations, including a collections account, can significantly affect your credit score.

How Can I Remove AAMS Collections From My Credit Report?

It might be possible to remove AAMS Collections from your credit report if there are inaccuracies, errors, or fraudulent activity associated with the account that cannot be corrected in a timely manner. According to a U.S. PIRGs study, 79% of credit reports contain mistakes or serious errors, and we specialize in addressing these types of accounts for our clients.

Is AAMS Collections a Debt Collection Agency?

Yes, AAMS Collections is a debt collection agency. They purchase debts from various creditors who have deemed the debt uncollectible (also known as a "charge-off").

Should I Negotiate a Pay-for-Delete Agreement with AAMS Collections?

While paying off AAMS Collections to have the bureaus remove it from your report may seem like an ideal solution, it's not that straightforward. Paying a debt in collections changes your credit report status from 'unpaid' to 'paid', but the collection still appears on your report for seven years from the date of first delinquency, continuing to affect your credit.

Should I Negotiate a Settlement with AAMS Collections?

Settling your debt with AAMS Collections might improve your score, but it can also hurt it. The impact depends on various factors. In some cases, if there are issues with the account, you may not have to pay at all and could potentially have the account removed entirely.

Is AAMS Collections Legitimate or a Scam?

AAMS Collections is a legitimate company. However, they may engage in persistent calling tactics, which can feel like harassment.

Why Does AAMS Collections Keep Contacting Me?

AAMS Collections may consistently call you in an attempt to collect a debt. It's advisable to ignore their calls and consult with a company that can assist you in having the account removed.

Will AAMS Collections Sue or Garnish My Wages?

While it's possible for AAMS Collections to sue, it's highly unlikely and not typical. There are state and federal laws with exemptions applicable to bank and wage garnishments. We recommend contacting us to assess the likelihood of a lawsuit and strategies for removing this collection.

Does AAMS Collections Accept Goodwill Letters to Remove My Collection or Charge-off?

Based on our experience, AAMS Collections typically does not accept goodwill letters to remove collection accounts or charge-offs, which is common among most collection agencies.

Who Does AAMS Collections Collect For?

AAMS Collections collects for various creditors, but these are subject to change, and collection agencies, including AAMS Collections, generally do not disclose their clients.

What Are My Rights When Dealing With AAMS Collections?

You have the right to dispute any debt that AAMS Collections is attempting to collect. AAMS Collections is governed by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA), which provide you with significant leverage if used correctly.

What is AAMS Collections' Phone Number?

While it might seem logical to call AAMS Collections directly, we recommend contacting a Credit Repair company first. There may be reasons not to pay the AAMS Collections debt, especially if it's potentially inaccurate. Paying it could adversely affect your score.

Where Can I Find AAMS Collections' Login?

Logging into AAMS Collections might be beneficial, but we strongly suggest contacting DIY Credit first. We can review why AAMS Collections is on your report and explore potential options for disputing and possibly removing them.

Remove AAMS Collections From Your Report Today!

In some instances, consulting with a Credit Repair professional to analyze your credit report is recommended. It's less stressful and time-consuming to let professionals identify the reasons for your score drop. If you need a reputable company to help remove credit errors, give us a call.

CALL US NOW AT 803-784-8100