Is Accelerated Receivables Solutions On Your Credit Report?

Who is Accelerated Receivables Solutions Collecting for?

Accelerated Receivables Solutions is a debt collection agency that reports collection accounts on your credit report.

They might have purchased the debt from the original creditor, such as a credit card company or a loan provider, often for a fraction of the original cost. Alternatively, they may be working on behalf of another company to collect the debt.

You may receive communication from them by mail or phone calls demanding payment. More importantly, a collections account will now appear on your credit report, which can negatively impact your score and your chances of securing a loan or other significant financial transactions.

However, it may be possible to get this account removed.

Can Accelerated Receivables Solutions Damage My Credit Score?

Any derogatory mark within its statute of limitations can severely impact your credit score, and a collections account is no exception.

How Can I Remove Accelerated Receivables Solutions from My Credit Report?

It may be possible to remove Accelerated Receivables Solutions from your credit report if any information on the account is incorrect, erroneous, or fraudulent, and cannot be corrected in a timely manner. According to a U.S. PIRGs study, 79% of credit reports contain mistakes or serious errors. We specialize in addressing these types of accounts for our clients.

Is Accelerated Receivables Solutions a Debt Collection Agency?

Yes, Accelerated Receivables Solutions is a debt collection agency. They acquire debt from various creditors who have given up on collecting the amount themselves, also known as a "charge-off".

Should I Opt for Pay For Delete With Accelerated Receivables Solutions?

While paying off Accelerated Receivables Solutions to have them delete it from your credit report may seem like an ideal solution, there's a catch. Paying a debt in collections changes the status on your credit report from 'unpaid' to 'paid'. However, the collection will still appear on your report for seven years from the date of first delinquency, continuing to impact your credit.

Should I Negotiate A Settlement With Accelerated Receivables Solutions?

Settling your debt with Accelerated Receivables Solutions may improve your score, but it could also harm it. The answer depends on various factors. You might not even have to pay anything, and if any issues with the account exist, you may be able to have it removed entirely (and never hear from them again).

Is Accelerated Receivables Solutions Legitimate or a Scam?

Accelerated Receivables Solutions is a legitimate company. They are not fraudulent or a scam. However, they may resort to spam calling and harassing you.

Why does Accelerated Receivables Solutions Keep Calling Me?

Accelerated Receivables Solutions persistently calls in an attempt to collect a debt. The best course of action is to ignore their calls and consult with a company that can help you get it removed.

Will Accelerated Receivables Solutions Attempt to Sue or Garnish My Wages?

It's highly unlikely that Accelerated Receivables Solutions would resort to lawsuits. Although it can happen in rare cases, it's not the norm. State and federal laws provide 'exemptions' that limit bank and wage garnishments. We strongly suggest contacting us to assess the risk of a lawsuit and discuss potential strategies to remove this collection.

Does Accelerated Receivables Solutions Accept Goodwill Letters to Erase My Collection/Charge-Off?

In our experience, Accelerated Receivables Solutions typically does not accept goodwill letters to remove collection accounts or charge-offs. This is a standard practice among most collection agencies.

For Whom Does Accelerated Receivables Solutions Collect Debt?

Accelerated Receivables Solutions is a debt collection agency that works on behalf of various lenders, also known as creditors. The specific creditors they work with can change frequently, and typically, collection agencies like Accelerated Receivables Solutions do not publicly disclose this information.

What Rights Do I Have When Interacting with Accelerated Receivables Solutions?

When dealing with Accelerated Receivables Solutions, you have the right to challenge any debt they are attempting to collect from you. This agency is regulated by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). While these laws may seem complex, they can be quite empowering if you know how to utilize them effectively.

What Is the Phone Number for Accelerated Receivables Solutions?

Before reaching out to Accelerated Receivables Solutions, it might be beneficial to contact DIY Credit first. The reason being, you may not want to pay the debt that Accelerated Receivables Solutions is trying to collect, especially if it's potentially incorrect. Settling such debt could negatively impact your credit score.

Where Can I Find the Login for Accelerated Receivables Solutions?

While logging into Accelerated Receivables Solutions might seem like a good idea, we strongly recommend contacting a Credit Repair company like us first. We can review why Accelerated Receivables Solutions appears on your report and explore how we might dispute and perhaps remove them.

How Can I Remove Accelerated Receivables Solutions from My Report Today?

In some instances, we recommend consulting with a Credit Repair professional to analyze your credit report. It's much less stressful, time-consuming, and complicated to let professionals identify the reasons behind your score drop. If you're searching for a reputable company to assist you in removing credit errors, consider giving us a call.

CALL US NOW AT 803-784-8100