Who are the Clients of Account Recovery Services?

Account Recovery Services functions as a debt collection agency, which may include having a collection account listed on your credit report.

Sometimes, this implies that they've acquired the debt from the original lender, such as a credit card or loan company. Often, they purchase this debt at a fraction of its initial cost, sometimes only 10%. On other occasions, they might not own the debt but are paid to collect it on behalf of another firm.

They might try to reach you via mail or phone calls to demand payment. Worst of all, a collections account appearing on your credit report can negatively impact your score and your ability to secure a loan or other crucial financial transactions.

It might be feasible to have this account removed. Does Account Recovery Services Affect My Credit Score?

Your credit score can be significantly impacted by any derogatory mark within its statute of limitations, including a collections account.

How Can I Remove Account Recovery Services From My Credit Report?

You might be able to remove Account Recovery Services from your credit report if there's any incorrect, erroneous, or fraudulent information on the account that isn't or can't be corrected in a timely manner. According to a U.S. PIRGs study, 79% of credit reports contain errors or serious mistakes. We specialize in addressing these types of accounts for our clients.

Is Account Recovery Services a Debt Collection Agency?

Yes, Account Recovery Services is a debt collection agency. They purchase debts from various creditors who have given up on collecting the debt themselves, often referred to as a "charge-off".

Should I Pay Account Recovery Services to Delete It From My Report?

While paying off Account Recovery Services to get credit bureaus to remove it from your report seems ideal, it has a downside. Paying off a debt in collections changes your credit report status from 'unpaid' to 'paid', but the collections still appears on your report for seven years from the date of first delinquency, still affecting your credit.

Should I Settle My Debt with Account Recovery Services?

Whether settling your debt with Account Recovery Services improves or worsens your score depends on various factors. You might not even 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 Recovery Services a Legitimate Company?

Yes, Account Recovery Services is a legitimate company. They are not fraudulent or a scam, but they may frequently call and harass you.

Why Does Account Recovery Services Keep Calling Me?

Account Recovery Services continues to call in attempts to collect a debt. The best strategy is to ignore their calls and consult a company that can assist you in getting it removed.

Will Account Recovery Services Try to Sue Me or Garnish My Wages?

It's highly unlikely that Account Recovery Services will decide to sue. While it might happen in rare cases, it's not the usual scenario. Bank and wage garnishments are subject to state and federal laws. We strongly advise contacting us to assess the likelihood of a lawsuit and to discuss actions you can take to remove this collection.

Does Account Recovery Services Accept a Goodwill Letter to Remove My Collection/Charge-Off?

Based on our experience, Account Recovery Services typically does not accept goodwill letters to remove collection accounts or charge-offs. This is standard practice for most collection agencies.

Who are Account Recovery Services' Clients?

Account Recovery Services collects on behalf of a range of lending companies (known as creditors). These are always changing, and collection agencies, including Account Recovery Services, usually do not publicly disclose whom they purchase from.

What Rights Do I Have When Interacting with Account Recovery Services?

You possess the power to challenge any debt that Account Recovery Services is trying to collect from you. This agency is bound by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). While these laws may seem daunting, they offer significant advantages to consumers who know how to apply them.

What's the Contact Number for Account Recovery Services?

Before reaching out to Account Recovery Services, it might be beneficial to contact DIY Credit first. Why? Simply put, you might not want to pay off a debt listed by Account Recovery Services, especially if there's a chance it's incorrect. Doing so could potentially harm your credit score.

Where Can I Find the Login Page for Account Recovery Services?

While logging into Account Recovery Services might seem like a sensible step, we strongly recommend getting in touch with a credit repair company like us beforehand. We can help you understand why Account Recovery Services is on your report and discuss potential ways to dispute and possibly remove them.

Want to Remove Account Recovery Services from Your Report? Start Now!

In certain situations, we advise consulting with a credit repair specialist to review your credit report. It's less stressful and time-consuming to let professionals investigate the reasons for your score decrease. If you're in need of a reliable company to assist in correcting credit discrepancies, don't hesitate to reach out to us.

CALL US NOW AT 803-784-8100