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Get Account Brokers Inc Off Your Credit Report

Last updated 07/03/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
Encountering Account Brokers Inc, now known as Alpine Credit Inc., can be challenging, especially if they are reporting a collection account on your credit report. This article will guide you through understanding who they are, how they affect your credit score, and effective strategies to handle and potentially remove them from your report.
Account Brokers Inc, now operating as Alpine Credit Inc., is a debt collection agency that may appear on your credit report if they have purchased your debt from an original creditor. Their presence can significantly impact your credit score, making it crucial to understand how to handle interactions with them and explore ways to remove their entries from your credit report.

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Who is Account Brokers Inc?

Account Brokers Inc, now known as Alpine Credit Inc., is a debt collection agency that specializes in purchasing delinquent debts from various creditors and collecting these debts from consumers. This company typically buys these debts at a fraction of their original value, sometimes for as low as ten cents on the dollar. Once they acquire these debts, Account Brokers Inc employs various collection tactics, including frequent phone calls and letters, to recover the full amount owed.

What does Account Brokers Inc do?

Account Brokers Inc purchases delinquent debt from various creditors at a fraction of the original amount. They then attempt to collect the full amount from consumers, often employing aggressive tactics such as frequent phone calls and letters.

How they acquire debt

Typically, Account Brokers Inc buys debt in bulk from creditors who have given up on collecting the outstanding amounts. These debts are purchased for a fraction of their face value, sometimes as low as 10 cents on the dollar.

How Account Brokers Inc affects your credit score

Having a collection account from Account Brokers Inc on your credit report can have severe consequences for your credit score. This section explores the impact of such entries and what you can do about it.

Impact on your credit score

A collection account from Account Brokers Inc can significantly lower your credit score. This derogatory mark can remain on your credit report for up to seven years from the date of the first delinquency, making it difficult to obtain new credit or loans.

How long does a collection account stay on your report?

The presence of a collection account can affect your credit for up to seven years. This extended period can hamper your ability to secure new lines of credit, mortgages, or even employment in some cases.

Strategies to remove Account Brokers Inc from your credit report

Removing Account Brokers Inc from your credit report can be challenging, but it is possible with the right strategies. Here are some effective methods to address and potentially eliminate these entries:

1. Disputing inaccurate information

If the information reported by Account Brokers Inc is incorrect or fraudulent, you have the right to dispute it with the credit bureau. According to a study by the U.S. PIRG, 79% of credit reports contain errors, making it essential to review and dispute inaccuracies promptly.
To dispute inaccurate information:
  • Obtain a copy of your credit report from each of the three major credit bureaus: Experian, Equifax, and TransUnion.
  • Identify any incorrect information reported by Account Brokers Inc.
  • Submit a dispute with each credit bureau, providing evidence to support your claim (e.g., payment receipts, correspondence).
  • The credit bureaus are required to investigate and respond to your dispute within 30 days.

2. Requesting debt validation

Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request debt validation. This means asking Account Brokers Inc to provide proof that the debt they are attempting to collect is valid and that they have the legal right to collect it.
To request debt validation:
  • Send a written request to Account Brokers Inc within 30 days of receiving the initial collection notice.
  • Ensure your request includes a demand for documentation proving the validity of the debt and Account Brokers Inc’s authority to collect it.
  • If Account Brokers Inc cannot validate the debt, they must cease collection efforts and remove the entry from your credit report.

3. Negotiating a pay-for-delete agreement

A pay-for-delete agreement involves negotiating with Account Brokers Inc to remove the collection entry from your credit report in exchange for payment. While this approach is not guaranteed and may not always be successful, it can be worth attempting.
To negotiate a pay-for-delete agreement:
  • Contact Account Brokers Inc and propose a pay-for-delete arrangement, offering to pay a portion or the full amount of the debt in exchange for deletion of the negative entry from your credit report.
  • Ensure you get the agreement in writing before making any payments.
  • After the debt is paid, follow up with Account Brokers Inc and the credit bureaus to confirm the removal of the collection entry.

4. Settling the debt

Settling the debt for less than the full amount can sometimes lead to the removal of the account from your credit report. However, it’s important to understand that the settled account will still appear on your credit report as “settled,” which can be less damaging than an unpaid account but still negatively impact your score.
To settle the debt:
  • Contact Account Brokers Inc and negotiate a settlement amount that you can afford to pay.
  • Ensure that any settlement agreement is documented in writing.
  • After the settlement is paid, monitor your credit report to ensure the account status is updated to “settled.”

5. Seeking professional assistance

If you find it challenging to handle Account Brokers Inc on your own, consider consulting with a credit repair company or a consumer rights attorney. These professionals can provide valuable guidance and support in dealing with debt collectors and navigating the dispute process.

Pro Tip

Consider setting up a separate email address for all correspondence with debt collectors to keep your primary inbox organized and ensure you don’t miss any important communications.

Request all correspondence in writing

Ensure a documented record of communications with Account Brokers Inc by requesting written correspondence. Contact Account Brokers Inc at the following address:
Account Brokers Inc contact information
12191 W. 64th Ave., Suite 210, Arvada, CO 80004
Phone: +1 303-239-9100
Email: info@accountbrokers.com

Understanding your rights

Knowing your rights when dealing with debt collectors like Account Brokers Inc is crucial. This section outlines the protections afforded to you under federal laws.

Fair Debt Collection Practices Act (FDCPA)

The FDCPA provides consumers with protections against abusive debt collection practices. It regulates how and when debt collectors can contact you and mandates that they provide certain information about the debt.

Fair Credit Reporting Act (FCRA)

The FCRA governs how information is reported to credit bureaus. It allows consumers to dispute incorrect information and seek corrections to their credit reports.

How to file a complaint against them

If you believe that Account Brokers Inc has violated your rights, you can file a complaint with the appropriate authorities. Here’s how:
  • Federal Trade Commission (FTC): Visit the FTC’s website and file a complaint online.
  • Consumer Financial Protection Bureau (CFPB): Submit a complaint through the CFPB’s website, detailing your issues with Account Brokers Inc.
  • State Attorney General: Contact your state’s Attorney General’s office to file a complaint and seek additional assistance.

Tips for dealing with Account Brokers Inc

Here are a few more tips to help you manage your interactions with Account Brokers Inc effectively:

Maintain detailed records

Keep a thorough record of all communications with Account Brokers Inc, including dates, times, and the names of the representatives you speak with. This documentation can be crucial if you need to dispute any claims or actions taken by the agency.

Seek professional assistance

If you find it challenging to handle Account Brokers Inc on your own, consider consulting with a credit repair company or a consumer rights attorney. These professionals can provide valuable guidance and support in dealing with debt collectors.

Stay calm and assertive

When communicating with Account Brokers Inc, remain calm and assertive. Avoid letting emotions drive your responses, as staying composed can help you negotiate more effectively and protect your rights.

Conclusion

Dealing with Account Brokers Inc can be daunting, but understanding your rights and options can empower you to take control of your financial situation. Whether disputing inaccuracies, negotiating settlements, or seeking professional help, there are multiple paths to potentially remove their negative impact from your credit report. By staying informed and proactive, you can mitigate the damage and work towards a healthier credit profile.

Frequently asked questions

What is Account Brokers Inc?

Account Brokers Inc, now known as Alpine Credit Inc., is a debt collection agency that purchases delinquent debts from various creditors and attempts to collect the full amount from consumers. They are known for their aggressive collection tactics, including frequent phone calls and letters.

How does Account Brokers Inc affect my credit score?

A collection account from Account Brokers Inc can significantly lower your credit score. This derogatory mark can remain on your credit report for up to seven years from the date of the first delinquency, making it difficult to obtain new credit or loans.

Can I negotiate a settlement with Account Brokers Inc?

Yes, you can negotiate a settlement with Account Brokers Inc. However, the settled account will still appear on your credit report as “settled,” which can be less damaging than an unpaid account but still negatively impact your score.

How can I remove Account Brokers Inc from my credit report?

Removing Account Brokers Inc from your credit report can be challenging but not impossible. Strategies include disputing inaccurate information, negotiating a pay-for-delete agreement, or settling the debt for less than the full amount. Ensure any agreement is documented in writing to avoid future disputes.

What rights do I have when dealing with Account Brokers Inc?

You have several rights under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). These laws provide protections against abusive debt collection practices and allow you to dispute incorrect information on your credit report.

Should I pay the debt to Account Brokers Inc?

Paying off a collection account does not remove it from your credit report. It changes the status to “paid,” but the negative mark remains for up to seven years from the date of the first delinquency. Consider negotiating a settlement or seeking professional advice before making a payment.

How can I file a complaint against Account Brokers Inc?

If you believe that Account Brokers Inc has violated your rights, you can file a complaint with the appropriate authorities, such as the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), or your state’s Attorney General’s office.

Key takeaways

  • Account Brokers Inc is a debt collection agency that buys and collects delinquent debts.
  • Having a collection account from Account Brokers Inc can significantly impact your credit score for up to seven years.
  • You have the right to dispute inaccurate or fraudulent information on your credit report.
  • Negotiating a pay-for-delete agreement or settling the debt are potential strategies for dealing with Account Brokers Inc.
  • Understanding your rights under the FDCPA and FCRA is crucial when dealing with debt collectors.

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