Skip to content
SuperMoney logo
SuperMoney logo

How to Remove AmerAssist From your Credit Report

Last updated 07/03/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
AmerAssist is a debt collection agency that may be affecting your credit score by reporting a collection account. This article provides detailed information on who AmerAssist collects for, how they operate, and steps to remove their impact from your credit report. Learn your rights, potential solutions, and expert tips for managing your credit health.
AmerAssist is a prominent name in the debt collection industry, often showing up on credit reports and causing distress for many consumers. Understanding who AmerAssist is, how they operate, and your options for dealing with them is crucial for maintaining your credit health. This guide will provide comprehensive information on AmerAssist, including how to potentially remove them from your credit report and protect your financial well-being.

Get Competing Personal Loan Offers In Minutes

Compare rates from multiple vetted lenders. Discover your lowest eligible rate.
Get Personalized Rates
It's quick, free and won’t hurt your credit score

Who does AmerAssist collect for?

AmerAssist collects debt on behalf of a variety of creditors, including credit card companies, loan providers, and other financial institutions. These companies often sell debts to AmerAssist when they are unable to collect the outstanding amounts themselves. AmerAssist then attempts to recover these debts, often purchasing them for a fraction of the original amount owed.

Does AmerAssist hurt my credit score?

Yes, having a collection account from AmerAssist on your credit report can significantly hurt your credit score. Collection accounts are considered derogatory marks and can lower your score, making it harder to get approved for new credit or loans. The impact of a collection account can be severe, especially if it remains on your report for an extended period.

How do I remove AmerAssist from my credit report?

Removing AmerAssist from your credit report involves several steps. It’s important to be diligent and organized throughout the process. Here are the key steps you can take:

Check for errors

First, obtain a copy of your credit report from all three major credit bureaus (Experian, Equifax, and TransUnion). Carefully review the report for any inaccuracies related to the AmerAssist account. Common errors include incorrect balances, wrong account statuses, or duplicate accounts.

Dispute inaccuracies

If you find any errors, dispute them with the credit bureaus. You can usually do this online through each bureau’s website. Provide evidence to support your claim and request an investigation. The credit bureau will then contact AmerAssist to verify the information. If AmerAssist cannot provide proof of the debt, the account must be removed from your report.

Send a debt validation letter

Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request validation of the debt. Send a debt validation letter to AmerAssist asking them to provide proof that the debt is yours and that they have the right to collect it. They must respond within 30 days. If they cannot validate the debt, they must remove the account from your credit report.

Negotiate a settlement

If the debt is valid, you can try negotiating a settlement with AmerAssist. You can request a “pay-for-delete” agreement, where AmerAssist agrees to remove the account from your credit report in exchange for payment. Ensure you get this agreement in writing before making any payment. Keep all correspondence and proof of payment for your records.

Seek professional help

If you’re unable to resolve the issue on your own, consider seeking help from a credit repair professional. These experts can assist you in disputing inaccuracies and negotiating settlements. They can also provide guidance on your rights and how to handle communications with debt collectors.

Pro Tip

Always communicate with debt collectors in writing. This creates a paper trail and protects your rights.

Request all correspondence in writing

Ensure a documented record of communications with AmerAssist by requesting written correspondence. Contact AmerAssist at the following address:
AmerAssist contact information
1105 Schrock Rd
Columbus, OH 43229
+1 877-900-5300

How to file a complaint against AmerAssist

If you believe AmerAssist has violated your rights or engaged in unfair practices, you can file a complaint with the following agencies:
  • Consumer Financial Protection Bureau (CFPB): The CFPB handles complaints about financial products and services. You can file a complaint on their website.
  • Federal Trade Commission (FTC): The FTC enforces consumer protection laws and accepts complaints about unfair business practices. Visit their website to file a complaint.
  • Your state attorney general’s office: Many states have consumer protection divisions within the Attorney General’s Office that handle complaints against debt collectors.

How to negotiate a settlement with AmerAssist

Negotiating a settlement with AmerAssist can help you manage your debt and potentially improve your credit score. Here are some tips:
  • Know your rights: Understand your rights under the FDCPA and FCRA before starting negotiations.
  • Get everything in writing: Ensure that all terms of the settlement are documented in writing before making any payments.
  • Offer a lump sum payment: Creditors are often more willing to settle for less if you can pay a lump sum.

Understanding the statute of limitations on debt

The statute of limitations on debt varies by state and determines how long a creditor has to sue you for an unpaid debt. Knowing the statute of limitations for your state can help you make informed decisions about handling your debt with AmerAssist.

Pro Tip

Research the statute of limitations for debt in your state to avoid paying on a debt that is no longer legally enforceable.

Conclusion

Dealing with AmerAssist can be challenging, but understanding your rights and options is crucial for protecting your credit score and financial health. Whether you’re disputing a debt, negotiating a settlement, or seeking professional help, taking proactive steps can make a significant difference. Stay informed, keep detailed records, and don’t hesitate to seek expert advice when needed.

Frequently asked questions

What is AmerAssist, and why is it on my credit report?

AmerAssist is a debt collection agency that collects debts on behalf of various creditors. If you see AmerAssist on your credit report, it means they are trying to collect a debt you owe. This could be from a credit card, loan, or other financial obligation that was sold to them by the original creditor.

Can AmerAssist hurt my credit score?

Yes, AmerAssist can hurt your credit score. A collection account Yes, AmerAssist can hurt your credit score. A collection account from AmerAssist is considered a derogatory mark on your credit report and can significantly lower your credit score. This can affect your ability to get approved for new credit or loans.

How do I remove AmerAssist from my credit report?

To remove AmerAssist from your credit report, you can check for errors and dispute inaccuracies, send a debt validation letter, or negotiate a settlement. Ensure you get any agreements in writing to protect your rights.

What are my rights when dealing with AmerAssist?

You have several rights under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). These include the right to dispute the debt, request validation, and be free from harassment. AmerAssist must provide accurate information and treat you fairly.

Should I pay AmerAssist to remove the debt from my report?

Paying AmerAssist to remove the debt from your report can be complex. Paying off a collection account does not remove it from your report; it only updates the status to ‘paid.’ This account can still affect your credit score for up to seven years from the date of first delinquency.

Key takeaways

  • AmerAssist is a legitimate debt collection agency that can impact your credit score.
  • Check your credit report for errors and dispute any inaccuracies.
  • Consider professional help to manage or remove collection accounts.
  • Understand your rights under the FDCPA and FCRA when dealing with debt collectors.

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

Loading results ...

Share this post:

You might also like