Who is Accelerated Collection Service Collecting For?

Accelerated Collection Service is a debt collection agency that may have purchased your debt from the original creditor, such as a credit card or loan company. They typically acquire debts for a fraction of the original cost. Alternatively, they may be collecting on behalf of another company. Their attempts to collect the debt might involve mail or phone calls, and their presence on your credit report can negatively affect your credit score and ability to secure loans.

Can Accelerated Collection Service Impact My Credit Score?

Yes, any derogatory mark, including a collections account, that is within its statute of limitations can significantly impact your credit score.

How Can I Remove Accelerated Collection Service From My Credit Report?

It may be possible to remove Accelerated Collection Service from your credit report if the account contains inaccurate, erroneous, or fraudulent information that is not rectified within a reasonable timeframe. A U.S. PIRGs study found that 79% of credit reports contain mistakes or serious errors. We specialize in addressing these types of accounts for our clients.

Is Accelerated Collection Service a Legitimate Debt Collection Agency?

Yes, Accelerated Collection Service is a legitimate debt collection agency. They purchase debts from various creditors who have given up on the collection process (also known as a "charge-off").

Should I Opt for a Pay-for-Delete Agreement With Accelerated Collection Service?

While it might seem like a good idea to pay off Accelerated Collection Service to have the credit bureaus delete the record from your report, there's a catch. Paying a debt in collections changes your credit report status from 'unpaid' to 'paid', but the collection account 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 Accelerated Collection Service?

Settling your debt with Accelerated Collection Service could potentially improve or harm your credit score, depending on various factors. If there are any issues with the account, you may not have to pay at all and could even have it removed entirely.

Is Accelerated Collection Service a Legitimate Company?

Yes, Accelerated Collection Service is a legitimate company. However, they may engage in persistent calling or other forms of harassment.

Why Does Accelerated Collection Service Keep Calling Me?

Accelerated Collection Service might continue to call in an attempt to collect a debt. It's often best to ignore their calls and consult with a company that can assist in getting the collection removed.

Will Accelerated Collection Service Sue or Garnish My Wages?

While it's unlikely that Accelerated Collection Service will sue, it's not impossible. Both state and federal laws have limits or 'exemptions' for bank and wage garnishments. We recommend contacting us to evaluate the likelihood of a lawsuit and discuss steps to get the collection removed.

Does Accelerated Collection Service Accept Goodwill Letters to Remove Collections or Charge-offs?

In our experience, Accelerated Collection Service typically does not accept goodwill letters to remove collections accounts or charge-offs, which is common among most collection agencies.

Who is Accelerated Collection Service Collecting For?

Accelerated Collection Service operates as a debt collection agency, collecting debts for a range of lending companies or creditors. They typically don't disclose the companies they buy debts from, and these can change frequently.

What Rights Do I Have When Dealing With Accelerated Collection Service?

When dealing with Accelerated Collection Service, you have the right to dispute any debt they claim you owe. They operate under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). While these laws can seem complex, they grant you considerable power if you know how to utilize them effectively.

How Can I Contact Accelerated Collection Service?

Before directly contacting Accelerated Collection Service, we recommend reaching out to a credit repair company like us first. You might not need to pay the debt that Accelerated Collection Service is trying to collect, especially if there's potential inaccuracies involved. Paying off such a debt could inadvertently harm your credit score.

Where Can I Find Accelerated Collection Service Login?

While logging in to Accelerated Collection Service might seem like a good idea, we strongly advise contacting a credit repair company like us before doing so. We can review why Accelerated Collection Service appears on your report and explore options to dispute and potentially remove them.

How Can I Remove Accelerated Collection Service From My Report Today?

In certain situations, it's beneficial to consult with a credit repair professional to analyze your credit report. It's much less stressful and time-consuming to let professionals pinpoint the reasons for your score drop. If you're seeking a trusted company to help you rectify credit errors, give us a call today.

CALL US NOW AT 803-784-8100