Is Affiliated Acceptance Corporation On Your Credit Report?

Who is Affiliated Acceptance Corporation Collecting Debt For?

Affiliated Acceptance Corporation serves as a debt collection agency, and you may notice a collection account from them on your credit report.

In some instances, they procure the debt from the original lender (like a credit card or loan firm), often paying a fraction of the original value to assume ownership of this debt. Alternatively, they might be collecting on behalf of another company, without owning the debt themselves.

They might attempt to reach out to you through mail or phone calls to demand payment. The appearance of a collections account on your credit report negatively affects your score and may hinder your ability to secure loans or other significant financial transactions.

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

Does Affiliated Acceptance Corporation Negatively Impact My Credit Score?

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

How Can I Get Affiliated Acceptance Corporation off My Credit Report?

You might be able to remove Affiliated Acceptance Corporation from your credit report if there's any incorrect, erroneous, or fraudulent information on the account that can't be rectified in a timely manner. According to a U.S. PIRGs study, 79% of credit reports contain mistakes or serious errors. We can help you address these types of accounts.

Is Affiliated Acceptance Corporation a Debt Collection Agency?

Yes, Affiliated Acceptance Corporation is a debt collection agency. They purchase debt from various creditors who have abandoned efforts to collect the debt themselves, often referred to as a "charge-off".

Should I Opt for a Pay-for-Delete Agreement with Affiliated Acceptance Corporation?

While paying off Affiliated Acceptance Corporation to remove the debt from your credit report might seem like the best solution, it has a downside. Paying a debt in collections alters your credit report status from 'unpaid' to 'paid', but the collections account still appears on your report for seven years from the first date of delinquency, which continues to affect your credit.

Should I Negotiate a Settlement with Affiliated Acceptance Corporation?

Settling your debt with Affiliated Acceptance Corporation could improve your score, but it could also damage it. The outcome depends on numerous factors. You might not even need to pay anything if there are issues with the account, and you might be able to have it removed entirely.

Is Affiliated Acceptance Corporation Legitimate, or is it a Scam?

Affiliated Acceptance Corporation is a legitimate company and not a scam. However, they may persistently call and harass you.

Why Does Affiliated Acceptance Corporation Keep Calling Me?

If Affiliated Acceptance Corporation keeps calling you, it's because they're trying to collect a debt. The best approach is to ignore their calls and consult with a company that can assist you in having it removed.

Will Affiliated Acceptance Corporation Try to Sue Me or Garnish My Wages?

It's highly unlikely that Affiliated Acceptance Corporation will sue you. Although it's possible in rare cases, it's not common. 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 discuss steps to remove this collection.

Does Affiliated Acceptance Corporation Accept a Goodwill Letter to Remove My Collection/Charge-Off?

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

Who Does Affiliated Acceptance Corporation Represent?

Affiliated Acceptance Corporation represents an array of lending institutions, serving as their debt collector. The list of creditors they work with is dynamic and not typically disclosed to the public.

What Legal Rights Do I Have When Handling Affiliated Acceptance Corporation?

You are entitled to contest any debt that Affiliated Acceptance Corporation tries to collect from you. They are regulated by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). Despite these regulations seeming complex, they can be quite empowering if you understand how to leverage them.

How Can I Contact Affiliated Acceptance Corporation?

Before reaching out to Affiliated Acceptance Corporation, it's advisable to contact a company like DIY Credit first. The reason being, you might not have to pay the debt Affiliated Acceptance Corporation is demanding, especially if it might be inaccurate. Settling this debt could negatively impact your credit score.

How Do I Log Into My Affiliated Acceptance Corporation Account?

Accessing your Affiliated Acceptance Corporation account might be beneficial. However, it's strongly recommended to consult with DIY Credit first. We can review why Affiliated Acceptance Corporation is on your report and explore how we might dispute and potentially remove them.

How Can I Remove Affiliated Acceptance Corporation From My Report Today?

In some instances, it's advantageous to consult with DIY Credit to analyze your credit report. It's a more relaxed, hassle-free, and efficient way to let experts determine the cause of your score drop. If you're in need of a reputable company to assist you in rectifying credit errors, don't hesitate to give us a call.

CALL US NOW AT 803-784-8100