Who are the debtors that Accounts Rec gathers from?

Accounts Rec operates as a collection agency, which can be seen on your credit report. This could mean they've bought your debt at a significantly reduced price from the original lender, such as a credit card company or a loan provider. Alternatively, they might be collecting the debt on behalf of another company without owning the debt themselves.

They may try to reach you via mail or phone calls, demanding payment. Worse still, their collections account is now visible on your credit report, negatively impacting your score and your likelihood of securing a loan or other crucial financial transactions.

However, it might be possible to have this account deleted.

Does Accounts Rec affect my Credit Score?

Any negative mark within its statute of limitations can severely damage your credit score. A collections account is no exception.

How can I get Accounts Rec off my Credit Report?

If any information on the account is incorrect, erroneous, or fraudulent, and can't be corrected in a timely manner, it might be possible to remove Accounts Rec from your credit report. 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 Accounts Rec a Debt Collection Agency?

Yes, Accounts Rec 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 opt for Pay For Delete with Accounts Rec?

While paying off Accounts Rec to have the credit bureaus remove it from your report may seem like an ideal solution, there's a catch. When you pay a debt in collections, your credit report status changes 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 Accounts Rec?

Settling your debt with Accounts Rec may either improve or harm your score, depending on various factors. You might not even have to pay anything if there are any issues with the account, and you could potentially have it completely removed, freeing you from any further contact with them.

Is Accounts Rec legitimate, fake, or a scam?

Accounts Rec is a legitimate business, not a scam or a fake company. However, they may spam call and harass you.

Why does Accounts Rec keep calling me?

Accounts Rec persists in calling to collect a debt. The best course of action is to ignore their calls and engage a company that can assist you in having it removed.

Will Accounts Rec attempt to sue or garnish my wages?

The likelihood of Accounts Rec deciding to sue is very low. While it might happen in rare cases, it's not the norm. State and federal laws set limits or 'exemptions' for bank and wage garnishments. We strongly advise contacting us to assess the likelihood of a lawsuit and to discuss steps to have this collection removed.

Does Accounts Rec accept a Goodwill Letter to remove my collection/charge-off?

Based on our experience, Accounts Rec does not accept goodwill letters to remove collection accounts or charge-offs, which is typical of most collection agencies.

Who are the creditors Accounts Rec collects for?

Accounts Rec collects debts for a range of creditors. These creditors change regularly, and collection agencies like Accounts Rec usually do not publicly disclose who they purchase debts from.

Understanding Your Rights with Accounts Rec

You possess the right to challenge any debt that Accounts Rec is attempting to collect from you. The Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA) regulate Accounts Rec, and while these laws may seem complex, they can be powerful tools in your favor if utilized correctly.

What is the Contact Number for Accounts Rec?

Before reaching out to Accounts Rec, it might be beneficial to contact Credit Glory first. The rationale? It's straightforward. You may not want to settle your debt with Accounts Rec, particularly if there's a chance it's inaccurate. Settling such a debt could negatively affect your credit score.

How Can I Log into Accounts Rec?

Accessing your Accounts Rec login could be advantageous. However, we highly recommend contacting a Credit Repair company like us before doing so. We can help evaluate why Accounts Rec appears on your report and explore ways to dispute and potentially eliminate them.

Time to Remove Accounts Rec from Your Report!

In certain situations, it's advisable to consult with a Credit Repair professional to examine your credit report. It's much less stressful, simpler, and saves time to let experts identify the causes of your score decrease. If you need a credible company to assist you in removing credit errors, don't hesitate to reach out to us.

CALL US NOW AT 803-784-8100