Is Advanced Collection Services On Your Credit Report?

Who is Advanced Collection Services Collecting For?

Advanced Collection Services is a debt collection agency that may report a collection account on your credit report. This could be because they bought the debt at a fraction of its original cost from the original creditor, such as a credit card or loan company. Alternatively, they might not own the debt but are being paid to collect it for another company.

They might attempt to contact you by mail or phone demanding payment. Furthermore, having a collections account on your credit report can negatively affect your score and your chances of obtaining a loan or other significant financial event. There is a possibility that this account can be removed.

Does Advanced Collection Services Impact My Credit Score?

Any derogatory mark within its statute of limitations, including a collections account, can greatly damage your credit score.

How Can I Remove Advanced Collection Services From My Credit Report?

If any information on the account is incorrect, erroneous, or fraudulent and is not (or cannot be) rectified in a suitable time frame, it might be possible to remove Advanced Collection Services from your credit report. According to a U.S. PIRGs study, 79% of credit reports contain errors or serious mistakes. We specialize in addressing these kinds of accounts for our clients.

Is Advanced Collection Services a Debt Collection Agency?

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

Should I Opt For Pay For Delete With Advanced Collection Services?

Paying off Advanced Collection Services to have credit bureaus erase it from your report seems perfect. However, there's a catch. Paying a debt in collections changes your credit report status from 'unpaid' to 'paid'. The result? Your collections still appear on your report for 7 years (from the date of first delinquency), which means your credit is still impacted.

Should I Negotiate A Settlement With Advanced Collection Services?

Settling your debt with Advanced Collection Services might help or harm your score, depending on various factors. If there are any issues with the account, you may not have to pay at all, and you might even have it removed entirely (and never have to deal with them again).

Is Advanced Collection Services Legitimate, Fake, or a Scam?

Advanced Collection Services is a legitimate company. They are not a fraudulent company or a scam. However, they might make spam calls and harass you.

Why Does Advanced Collection Services Keep Calling Me?

Advanced Collection Services continues to call in an attempt to collect a debt. The best approach is to ignore their calls and consult with a company that can assist you in getting it removed.

Will Advanced Collection Services Try Suing Or Garnishing My Wages?

The likelihood of Advanced Collection Services deciding to sue is very low. It could happen in rare cases, but it's not the norm. State and federal laws have limits or 'exemptions' for bank and wage garnishments. We strongly recommend contacting us to assess the probability of a lawsuit and the steps you can take to get this collection removed.

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

Based on our experience, Advanced Collection Services does not accept goodwill letters to remove collection accounts or charge-offs, which is typical for most collection agencies.

For Whom Does Advanced Collection Services Collect?

Advanced Collection Services acts as a debt collector for a range of lenders or creditors. The specific companies they work with can vary and are not typically disclosed publicly.

What Rights Do I Have When Interacting With Advanced Collection Services?

When dealing with Advanced Collection Services, you are entitled to dispute any debt they claim you owe. This agency is subject to the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). While these laws may appear complex, they offer substantial protection to consumers who understand their rights under these acts.

What is the Contact Number for Advanced Collection Services?

Before reaching out to Advanced Collection Services directly, it might be beneficial to contact a company like DIY Credit. The reason being, you might not be obligated to pay the debt Advanced Collection Services is attempting to collect, especially if it's potentially inaccurate. Settling such a debt could inadvertently harm your credit score.

Where Can I Access Advanced Collection Services' Login?

Logging into Advanced Collection Services could be helpful. However, we strongly advise consulting with DIY Credit before doing so. We can help you understand why Advanced Collection Services is listed on your report and explore potential strategies for disputing and possibly removing them.

Take Action Today to Remove Advanced Collection Services From Your Report!

In some instances, it might be more beneficial to engage DIY Credit to analyze your credit report. It can save you time, stress, and the hassle of identifying the causes of a drop in your score. If you're seeking a trustworthy company to assist in removing credit errors, don't hesitate to give us a call.

CALL US NOW AT 803-784-8100