Is Action Financial Services On Your Credit Report?

Who Is Action Financial Services Collecting Debts For?

Action Financial Services is a debt collection agency that may be reporting a collection account on your credit report. They could have acquired the debt from the original creditor, such as a credit card or loan company, often for a fraction of the original amount. Alternatively, they might be collecting the debt on behalf of another company.

They may try to contact you by mail or phone calls to demand payment. Unfortunately, having a collections account on your credit report can negatively affect your credit score and your ability to secure a loan or other crucial financial transactions.

However, it may be possible to have this account removed.

Does Action Financial Services Affect My Credit Score?

Any negative mark within its statute of limitations can significantly impact your credit score, including a collections account.

How Can I Remove Action Financial Services From My Credit Report?

You may be able to remove Action Financial Services from your credit report if there are any inaccuracies, errors, or fraudulent activities on the account that are not rectified within a reasonable time frame. 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 Action Financial Services A Debt Collection Agency?

Yes, Action Financial Services is a debt collection agency. They purchase debt from various creditors who have ceased their collection efforts, often referred to as a "charge-off."

Should I Opt For Pay For Delete With Action Financial Services?

Paying off Action Financial Services to have the credit bureaus erase it from your report may seem like a good idea. However, paying a debt in collections simply changes your credit report status from 'unpaid' to 'paid.' The collections account still remains on your report for seven years (from the date of first delinquency), continuing to affect your credit.

Should I Negotiate A Settlement With Action Financial Services?

Settling your debt with Action Financial Services could either help or harm your score, depending on various factors. If there are any issues with the account, you may not need to pay anything and could even have it removed entirely.

Is Action Financial Services Legitimate or a Scam?

Action Financial Services is a legitimate debt collection agency and not a scam. However, they may excessively call and harass you.

Why Is Action Financial Services Continually Calling Me?

Action Financial Services keeps calling in an attempt to collect a 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 Action Financial Services Try To Sue Me Or Garnish My Wages?

It's highly unlikely that Action Financial Services will resort to suing. It might happen in rare cases, but it's not the standard practice. There are state and federal laws that limit 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 Financial Services Accept Goodwill Letters To Remove My Collection/Charge-Off?

Based on our experience, Action Financial Services does not typically accept goodwill letters to remove collection accounts or charge-offs, a common practice among most collection agencies.

Who Are the Creditors for Action Financial Services?

Action Financial Services acts as a debt collector for a myriad of lending entities. The specific creditors they represent are frequently changing and typically, agencies like Action Financial Services do not publicly disclose this information.

What Legal Rights Do I Have When Interacting with Action Financial Services?

You possess the legal right to contest any debt that Action Financial Services is attempting to collect from you. This agency is regulated by both the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). Although these acts can seem complex, they offer substantial protection to consumers who are knowledgeable about their provisions.

How Can I Contact Action Financial Services?

Before making a call to Action Financial Services, we recommend contacting a company like DIY Credit. The reasoning behind this is simple. You might not want to pay off Action Financial Services' debt, especially if it's potentially inaccurate. An immediate payoff could negatively impact your score.

Where Can I Access My Action Financial Services Account?

While logging into your Action Financial Services account may seem advantageous, we strongly advise contacting DIY Credit first. We can review why Action Financial Services is appearing on your report and explore how we might dispute and potentially remove them.

Need to Remove Action Financial Services From Your Report? Contact Us Today!

In some instances, we suggest consulting with DIY Credit to scrutinize your credit report. It's far less stressful, time-consuming, and complicated to allow professionals to identify the causes of your score drop. If you're seeking a reputable company to assist in removing credit errors, don't hesitate to give us a call.

CALL US NOW AT 803-784-8100