Is Diversified Account Systems On Your Credit Report?

Whom Does Diversified Account Systems Collect For?

Diversified Account Systems is a debt collection agency that reports on your credit report. They might have acquired the debt from the initial creditor like a loan company or a credit card provider, often for a fraction of the original cost. Alternatively, they may not own the debt but are being compensated to collect on behalf of another firm.

Their communication with you might be through mail or phone calls, demanding payment. The presence of a collections account on your credit report can negatively affect your score, thereby impacting your ability to get approved for loans or other financial activities. However, it might be possible to have this account removed.

Does Diversified Account Systems Impact My Credit Score?

A derogatory mark within its statute of limitations can significantly influence your credit score, and a collections account is no exception.

How Can I Remove Diversified Account Systems From My Credit Report?

If there's any incorrect, erroneous, or fraudulent information on the account that isn't rectified in due time, it might be possible to remove Diversified Account Systems from your credit report. As per 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 Diversified Account Systems A Debt Collection Agency?

Yes, Diversified Account Systems is a debt collection agency. They purchase debt from various creditors who've given up on collecting the amount themselves, often referred to as a "charge-off."

Should I Opt for Pay-for-delete With Diversified Account Systems?

While paying off Diversified Account Systems to have it removed from your credit report sounds ideal, it's not without its drawbacks. Paying a debt in collections changes your credit report status from 'unpaid' to 'paid', but the collection account still appears on your report for 7 years from the date of first delinquency, affecting your credit score.

Should I Negotiate A Settlement With Diversified Account Systems?

Negotiating a settlement with Diversified Account Systems might help or hurt your score, depending on numerous variables. If there are any issues with the account, you may not have to pay at all and could get it removed entirely.

Is Diversified Account Systems Legitimate, Fake Or A Scam?

Diversified Account Systems is a legitimate company, not a scam or a fake. However, they may repeatedly call and harass you.

Why Does Diversified Account Systems Keep Calling Me?

Diversified Account Systems keeps calling in an attempt to collect a debt. The best response is to ignore their calls and consult with a company that can help you get it removed.

Will Diversified Account Systems Try Suing Or Garnishing My Wages?

While it's rare for Diversified Account Systems to sue, it's not unheard of. Both state and federal laws have 'exemptions' that apply to bank and wage garnishments. We strongly suggest contacting us to assess the likelihood of a lawsuit and the steps you can take to get this collection removed.

Does Diversified Account Systems Accept A Goodwill Letter To Remove My Collection/Charge-Off?

Based on our experience, Diversified Account Systems typically does not accept goodwill letters to remove collection accounts or charge-offs, which is quite common among collection agencies.

Whom Does Diversified Account Systems Collect For?

Diversified Account Systems collects for various creditors. These are consistently changing, and collection agencies, including Diversified Account Systems, generally do not publicly disclose who they purchase from.

What Rights Do I Have When Interacting With Diversified Account Systems?

You are entitled to challenge any debt that Diversified Account Systems is attempting to collect from you. The company operates under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). Although these laws may appear complex, they can be a powerful tool for you if utilized correctly.

How Can I Contact Diversified Account Systems?

Before reaching out to Diversified Account Systems, it could be more beneficial to contact a credit repair company like DIY Credit first. This is because you might not necessarily want to pay off the debt that Diversified Account Systems is claiming, especially if it could potentially be inaccurate. Settling such a debt could negatively affect your credit score.

Where Is the Diversified Account Systems Login Portal?

You can log into your Diversified Account Systems account online. However, we strongly recommend contacting DIY Credit before doing so. We can help you understand why Diversified Account Systems appears on your report and explore the possibilities of disputing and potentially removing them.

Eliminate Diversified Account Systems From Your Report Today!

In some instances, it's advisable to consult with a credit repair professional to analyze your credit report. It's less stressful, less time-consuming, and less of a hassle to let experts determine the reasons for your score drop. If you're seeking a reputable firm to assist you in removing credit errors, feel free to give us a call.

CALL US NOW AT 803-784-8100