Who Does Account Brokers Inc Collect Debts For?

Account Brokers Inc operates as a debt collector, reporting collection accounts on credit reports. They may purchase debts from original creditors at a fraction of the initial cost, or they could be collecting on behalf of another company.

Account Brokers Inc might reach out to debtors through mail or phone calls to collect overdue payments. Unfortunately, this could lead to a collections account on your credit report, negatively affecting your credit score and potentially limiting your financial opportunities. However, it's possible to have this account removed from your credit report, enabling you to regain control of your financial future.

Does Account Brokers Inc Affect My Credit Score?

Any derogatory mark within its statute of limitations, including a collections account, can significantly impact your credit score. Being aware of these factors is crucial for maintaining a healthy credit profile.

How Can I Remove Account Brokers Inc From My Credit Report?

If there are inaccuracies, errors, or fraudulent activities associated with Account Brokers Inc on your credit report, you may be able to get them removed. According to a U.S. PIRGs study, 79% of credit reports contain mistakes or serious errors. We specialize in dealing with these types of accounts for our clients, ensuring an effective and timely resolution.

Is Account Brokers Inc a Debt Collection Agency?

Yes, Account Brokers Inc is a debt collection agency. They acquire debt from various creditors who have deemed their collection efforts unsuccessful, a process often referred to as a "charge-off".

Should I Pay Account Brokers Inc to Delete My Debt?

While paying off Account Brokers Inc to have the debt removed from your report might seem like a good idea, doing so only changes the status of the collection from 'unpaid' to 'paid'. The collection account remains on your report for seven years from the date of first delinquency, continuing to impact your credit.

Should I Settle My Debt with Account Brokers Inc?

Whether settling your debt with Account Brokers Inc improves or hurts your score depends on various factors. You might not have to pay at all, and if there are any issues with the account, you might be able to get it removed entirely.

Is Account Brokers Inc a Legitimate Company?

Yes, Account Brokers Inc is a legitimate company. They are not a scam or a fake company, although they may engage in persistent calling or harassment tactics.

Why Does Account Brokers Inc Keep Calling Me?

Account Brokers Inc continues to call in an attempt to collect the debt. The best course of action is to ignore their calls and consult with a company that can help you get the debt removed.

Will Account Brokers Inc Try to Sue Me or Garnish My Wages?

While it's highly unlikely that Account Brokers Inc will try to sue you, it can happen in rare cases. Both state and federal laws provide limits or 'exemptions' that apply to bank and wage garnishments. We strongly recommend contacting us to assess the likelihood of a lawsuit and to discuss steps you can take to get this collection account removed.

Does Account Brokers Inc Accept Letters of Goodwill to Remove Collections or Charge-offs?

Typically, Account Brokers Inc does not accept goodwill letters for the removal of collection accounts or charge-offs, a practice common among many collection agencies. It might be more effective to explore other avenues when dealing with these issues. Our team can provide further information and guidance on navigating this process successfully.

Who Are Account Brokers Inc's Clients?

Account Brokers Inc collects debts on behalf of various lending companies, also known as creditors. These clients often change, and most collection agencies, including Account Brokers Inc, do not publicly disclose who they purchase debts from.

What Rights Do I Have When Interacting with Account Brokers Inc?

If Account Brokers Inc is attempting to collect a debt from you, it's crucial to understand your rights. Under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA), you have the right to dispute any debt. Being aware of these laws allows you to exercise your rights effectively. Learn more about how to dispute debts and understand your legal rights when dealing with Account Brokers Inc.

How Can I Contact Account Brokers Inc?

Before reaching out to Account Brokers Inc directly, it could be beneficial to first contact DIY Credit at (803) 784-8100. This is particularly important if there's a chance that the debt in question is potentially inaccurate. Paying off an erroneous debt could adversely affect your credit score.

Where Can I Access Account Brokers Inc's Login Page?

While logging into Account Brokers Inc could be a good idea, we strongly recommend contacting a credit repair company like DIY Credit first. We can help review why Account Brokers Inc appears on your report and explore ways to dispute and potentially remove them.

How Can I Remove Account Brokers Inc from My Credit Report Today?

In some cases, it may be beneficial to consult with a credit repair professional to analyze your credit report. It's often less stressful and time-consuming to let professionals identify the reasons for a drop in your score. If you're looking for a reputable company to assist you in removing credit errors, don't hesitate to reach out to us. 

CALL US NOW AT 803-784-8100