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How to Remove Action Collection Agency From your Credit Report

Last updated 07/03/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
This comprehensive guide covers everything you need to know about Action Collection Agencies, Inc. From understanding their impact on your credit score to tips on how to deal with their collection attempts, we’ve got you covered. Learn how to remove them from your credit report, your rights under federal law, and much more.
Dealing with debt collectors can be stressful, especially when companies like Action Collection Agencies, Inc. are involved. They often purchase debts from original creditors for a fraction of the amount owed and aggressively pursue repayment. This guide will help you understand who Action Collection Agencies, Inc. is, how they operate, and what steps you can take to protect your credit score and financial well-being.

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Who is Action Collection Agencies, Inc.?

Action Collection Agencies, Inc. is a debt collection company that purchases unpaid debts from various creditors. These creditors may include credit card companies, loan providers, and other financial institutions. The agency buys these debts at a discounted rate and attempts to collect the full amount from the debtor, often through persistent phone calls and letters.

Who does Action Collection Agencies, Inc. collect for?

Action Collection Agencies, Inc. collects for a variety of lending companies (called creditors). These are constantly changing, and typically collection agencies, including Action Collection Agencies, Inc., do not share publicly who they buy from.

How does Action Collection Agencies, Inc. affect your credit score?

Any account in collections can significantly impact your credit score. When Action Collection Agencies, Inc. reports a debt to the credit bureaus, it appears as a negative mark on your credit report. This can lower your score and affect your ability to secure loans, mortgages, or even employment.

Pro Tip

Regularly check your credit report for inaccuracies and dispute any errors immediately to maintain a healthy credit score.

How to remove Action Collection Agencies, Inc. from your credit report

Removing Action Collection Agencies, Inc. from your credit report may be possible if any information on the account is incorrect, erroneous, or fraudulent, and is not (or cannot be) fixed in an appropriate amount of time. According to a study by the U.S. PIRGs, 79% of credit reports contain mistakes or serious errors. Here are some steps you can take:

Dispute the debt

If you believe the debt is incorrect, you can dispute it with the credit bureaus. They will investigate and, if they find the debt to be inaccurate, remove it from your report.

Request debt validation

Ask Action Collection Agencies, Inc. to provide proof that the debt is yours and that they have the right to collect it. If they cannot provide this information, they must remove the debt from your credit report.

Negotiate a pay-for-delete agreement

In some cases, you can negotiate with the collection agency to remove the negative mark from your credit report in exchange for payment. Ensure you get this agreement in writing before making any payments.

Does Action Collection Agencies, Inc. hurt my credit score?

Any derogatory mark under its statute of limitations may severely impact your credit score. A collections account is no different. These accounts are seen as a major red flag by lenders and can lower your credit score significantly.

What are my rights when dealing with Action Collection Agencies, Inc.?

You have the right to dispute any debt of yours that Action Collection Agencies, Inc. is trying to collect. Action Collection Agencies, Inc. is governed by the Fair Debt Collection Practices Act (or FDCPA) and the Fair Credit Reporting Act (or FCRA). While these acts may seem very complicated, they provide a great deal of power to you if you know how to use it.

Request all correspondence in writing

Ensure a documented record of communications with Action Collection Agencies, Inc. by requesting written correspondence. Contact Action Collection Agencies, Inc. at the following address:
Action Collection Agencies, Inc. Contact Information
16 Commerce Boulevard, Unit #4, Middleboro, MA 02346-0902
+1 800-478-7421

How to file a complaint against them

If you believe that Action Collection Agencies, Inc. has violated your rights or engaged in unfair practices, you can file a complaint against them. Here’s how:

1. Federal Trade Commission (FTC)

You can file a complaint with the FTC through their online complaint assistant or by calling 1-877-FTC-HELP (1-877-382-4357).

2. Consumer Financial Protection Bureau (CFPB)

The CFPB handles complaints about debt collection practices. File a complaint online or call 1-855-411-CFPB (1-855-411-2372).

3. State Attorney General’s Office

Your state’s Attorney General’s office may also handle complaints about debt collectors. Contact them to find out how to file a complaint in your state.

Dealing with harassment from Action Collection Agencies, Inc.

If you are experiencing harassment from Action Collection Agencies, Inc., it is important to know your rights and the steps you can take to protect yourself. The FDCPA prohibits debt collectors from using abusive, unfair, or deceptive practices. Document all instances of harassment and consider seeking legal advice if necessary.

Understanding the statute of limitations on debt

The statute of limitations on debt varies by state and determines how long a creditor or debt collector has to sue you for an unpaid debt. Once the statute of limitations has expired, you can use it as a defense in court if a lawsuit is filed against you. Be aware of the statute of limitations in your state to protect yourself from old debt claims.

Working with a credit repair company

Credit repair companies can assist you in disputing inaccurate information on your credit report and negotiating with creditors or debt collectors. Research and choose a reputable credit repair company that adheres to legal guidelines and has a track record of success.

Frequently asked questions

What is Action Collection Agencies, Inc.?

Action Collection Agencies, Inc. is a debt collection company that purchases unpaid debts from various creditors, such as credit card companies and loan providers, and attempts to collect the full amount from the debtor.

How does having a collection account from Action Collection Agencies, Inc. affect my credit score?

A collection account can significantly lower your credit score. It appears as a negative mark on your credit report and can affect your ability to secure loans, mortgages, and even employment.

Can I remove Action Collection Agencies, Inc. from my credit report?

Yes, it may be possible to remove Action Collection Agencies, Inc. from your credit report if the information is incorrect, erroneous, or fraudulent. You can dispute the debt, request validation, or negotiate a pay-for-delete agreement.

What are my rights when dealing with Action Collection Agencies, Inc.?

Under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA), you have the right to dispute any debt and request validation. These laws protect you from abusive, unfair, or deceptive practices by debt collectors.

What should I do if Action Collection Agencies, Inc. keeps calling me?

If Action Collection Agencies, Inc. continues to call you, document all instances of harassment and consider speaking with a credit repair company or seeking legal advice. Ignoring their calls and focusing on resolving the debt through proper channels is often the best approach.

Can Action Collection Agencies, Inc. sue me or garnish my wages?

While it is unlikely that Action Collection Agencies, Inc. will sue you or garnish your wages, it is not impossible. State and federal laws have limits and exemptions that apply to bank and wage garnishments. Consulting with a credit specialist can help you understand your options and the likelihood of a lawsuit.

Key takeaways

  • Action Collection Agencies, Inc. purchases debts from various creditors and attempts to collect the full amount.
  • Having a collections account on your credit report can significantly lower your credit score.
  • Disputing the debt or requesting validation can help remove inaccuracies from your report.
  • Negotiating a pay-for-delete agreement may remove the collection account, but ensure you have it in writing.
  • Understanding your rights under the FDCPA and FCRA can empower you in dealing with debt collectors.

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