Action Collections

Is Action Collections On Your Credit Report?

Who are Action Collections' Clients?

Action Collections is a debt collection agency that reports collection accounts on your credit report.

In some instances, they acquire the debt from the original creditor, such as a credit card or loan company, often at a fraction of the original cost. In other cases, they may not own the debt but are hired to collect it on behalf of another company.

They might try to reach you through mail or phone calls to demand payment. Unfortunately, having a collections account on your credit report can negatively impact your score and your chances of getting approved for a loan or experiencing other significant financial events. However, it might be feasible to have this account removed.

Does Action Collections Impact My Credit Score? 

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

How Can I Erase Action Collections From My Credit Report? 

It might be possible to delete Action Collections from your credit report if the account contains incorrect, erroneous, or fraudulent information that cannot be rectified within a reasonable timeframe. 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.

Is Action Collections a Debt Collection Agency? 

Yes, Action Collections is a debt collection agency. They purchase debt from numerous creditors who have given up on collecting the amount themselves, often referred to as a "charge-off."

Should I Pay Action Collections to Delete it From My Credit Report? 

While it may seem ideal to pay off Action Collections to have credit bureaus remove it from your report, doing so changes your credit report status from 'unpaid' to 'paid'. As a result, your collections will still appear on your report for seven years (from the date of the first delinquency), continuing to affect your credit.

Should I Settle With Action Collections? 

Whether settling your debt with Action Collections will benefit or harm your score depends on various factors. If there are any issues with the account, you may not need to pay at all and could potentially have it completely removed.

Is Action Collections a Legitimate Company? 

Action Collections is a legitimate debt collection agency. They are not fraudulent or a scam, but they may bombard you with calls.

Why is Action Collections Constantly Calling Me? 

Action Collections continues to make 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 assist you in having it removed.

Will Action Collections Sue Me or Garnish My Wages? 

While it's unlikely, Action Collections might decide to sue in rare cases. State and federal laws provide limits or 'exemptions' for bank and wage garnishments. We strongly recommend contacting us to assess the likelihood of a lawsuit and to discuss steps to remove this collection.

Does Action Collections Accept a Goodwill Letter to Remove My Collection/Charge-Off? 

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

Who are Action Collections' Clients? 

Action Collections serves a variety of creditors. The specific entities change constantly, and typically, collection agencies, including Action Collections, do not publicly disclose whom they purchase debt from.

Who is Action Collections? 

Action Collections is a debt collection agency that may appear on your credit report. They either purchase debt from the original creditor or collect on their behalf. They are known for using different communication methods, including phone calls and mail, to demand payment. Action Collections operates under various names, including Action Collection Agencies Inc, Action Collection Service, and Action Collections & Receivables Management 123.

How do they impact my credit score? 

Having a collections account on your credit report can significantly affect your credit score. It can also affect your chances of getting approved for loans. However, if the information reported by Action Collections is incorrect, erroneous, or fraudulent, it might be possible to have the account removed 4

Should I pay off the debt to Action Collections? 

Paying off the debt does not necessarily mean it will be removed from your credit report. The status of the collection account will change from 'unpaid' to 'paid,' but it will still appear on your credit report for seven years from the date of the first delinquency 5.

Is it advisable to settle the debt with Action Collections? 

Settling the debt with Action Collections could either help or hurt your credit score, depending on various factors. It's essential to seek professional advice before deciding to settle 6.

How legitimate is Action Collections? 

Action Collections is a legitimate company, but they have been known to engage in practices like spam calling and harassment. While it's unlikely for them to sue, it's recommended to seek assistance to determine the likelihood and steps to remove the collection 7

Does Action Collections accept goodwill letters? 

Based on experience, Action Collections does not accept goodwill letters to remove collection accounts or charge-offs. They collect for various lending companies but do not publicly disclose the names of the creditors they buy from 8.

What are my rights? 

You have the right to dispute any debt that Action Collections is trying to collect. They are governed by laws such as the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). These acts provide you with certain rights and protections 9.

Where can I find more information? 

To learn more about how to deal with Action Collections, consider contacting DIY Credit. They can review why Action Collections is on your report and see how they might be able to dispute and potentially remove them 10.

Get Rid of Action Collections From Your Credit Report Now!

Sometimes, it's better to let a DIY Credit expert examine your credit report. It saves you from unnecessary stress, hassle, and time spent trying to figure out why your score has dropped. If you're in search of a trustworthy company that can assist you in eliminating credit inaccuracies, don't hesitate to reach out to us.

CALL US NOW AT 803-784-8100