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Get AR Resources Off Your Credit Report

Last updated 07/18/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
Dealing with AR Resources can be challenging, especially when they appear on your credit report. This article explores who AR Resources collects for, how they impact your credit score and effective strategies to remove them from your report. Learn about your rights, negotiating settlements, and much more to manage your debt effectively.
AR Resources is a well-known debt collection agency that frequently appears on credit reports, causing stress and confusion for many consumers. This article aims to provide a thorough understanding of AR Resources, their practices, and how you can deal with them to maintain or improve your credit health.

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What is AR Resources?

Who does AR Resources collect for?

AR Resources is a debt collector that may either purchase debt from original creditors like credit card or loan companies or collect on behalf of other companies. Typically, they acquire these debts at a fraction of their original value, sometimes for as little as one-tenth of the amount owed.

Does AR Resources hurt my credit score?

Any negative mark on your credit report, including a collection account from AR Resources, can significantly impact your credit score. Collections can remain on your credit report for up to seven years, affecting your ability to secure loans, mortgages, or other financial products.

Removing AR Resources from your credit report

Steps to dispute and remove errors

Removing AR Resources from your credit report is possible if the account information is incorrect, outdated, or fraudulent. Here’s how you can dispute and remove these errors:
  1. Request a debt validation letter: Under the FDCPA, you have the right to request AR Resources to validate the debt. They must provide evidence that the debt is yours and that they have the right to collect it.
  2. Dispute with credit bureaus: If AR Resources fails to validate the debt, you can dispute the collection with the credit bureaus (Experian, Equifax, and TransUnion). Provide them with all necessary documentation to support your dispute.
  3. Negotiate a pay-for-delete agreement: Although rare, you can try negotiating with AR Resources to remove the account from your credit report in exchange for payment. Ensure you get any agreement in writing before making a payment.

Pro Tip

Always communicate with debt collectors in writing and keep copies of all correspondence. This provides a paper trail that can be useful if you need to dispute the debt later.

Your rights when dealing with AR Resources

Understanding the Fair Debt Collection Practices Act (FDCPA)

The FDCPA provides you with several protections when dealing with debt collectors like AR Resources:
  • Right to validation: You can request written proof of the debt.
  • Right to dispute: You can dispute the validity of the debt.
  • Right to privacy: Debt collectors cannot disclose your debt to third parties.
  • Right to cease communication: You can request that the debt collector stop contacting you.

Fair Credit Reporting Act (FCRA) protections

The FCRA regulates how your credit information is collected and used:
  • Accuracy: Information on your credit report must be accurate and complete.
  • Timeliness: Negative information must be removed after a certain period (usually seven years for collections).
  • Access: You have the right to know who has accessed your credit report.

Dealing with AR Resources

Should I pay for delete with AR Resources?

Paying off AR Resources for deletion from your credit report seems like an ideal solution, but it’s not always straightforward. Even if you pay the debt, the collection account might still appear on your report, simply marked as “paid,” which continues to affect your credit score.

Negotiating a settlement

Negotiating a settlement can be beneficial, but it depends on various factors. Sometimes, settling a debt can improve your credit score, but in other cases, it might not have the desired effect. It’s crucial to understand the terms of any settlement and its potential impact on your credit.

Dealing with harassment

If AR Resources is calling you frequently, it might feel like harassment. You can request that they stop calling, and under the FDCPA, they must comply. Document every call and correspondence to build a case if they continue to harass you.

Pro Tip

Send a cease and desist letter to AR Resources if their calls become too frequent or harassing. This formal request legally obligates them to stop contacting you.

Request all correspondence in writing

Ensure a documented record of communications with AR Resources by requesting written correspondence. Contact AR Resources at the following address:
AR Resources contact information
512 Township Line Road, 2 Valley Square, Suite 210, Blue Bell, PA 19422
Ph# +1 866-407-0443

How to file a complaint against AR Resources

If you believe AR Resources has violated your rights or engaged in unfair practices, you can file a complaint with the Consumer Financial Protection Bureau (CFPB) or the Federal Trade Commission (FTC). Here’s how:
  1. Consumer Financial Protection Bureau: Visit CFPB Complaint to submit your complaint online.
  2. Federal Trade Commission: Visit FTC Complaint Assistant to file your complaint.

Common mistakes to avoid when dealing with AR Resources

When dealing with debt collectors, it’s easy to make mistakes that can negatively impact your credit and financial situation. Avoid these common pitfalls:
  • Ignoring the debt: Ignoring collection calls and letters won’t make the debt go away and can lead to more severe actions like lawsuits.
  • Making a payment without validation: Always request debt validation before making any payments to ensure the debt is legitimate and accurate.
  • Not keeping records: Document all communications with AR Resources to protect yourself in case of disputes.

Seeking professional help

If managing your debt and dealing with AR Resources becomes overwhelming, consider seeking help from a credit counseling or credit repair service. These professionals can offer guidance, negotiate on your behalf, and help you develop a plan to improve your credit score.

Conclusion

Dealing with AR Resources can be a daunting task, but understanding your rights and options can empower you to take control of your financial situation. Whether disputing an inaccurate debt, negotiating a settlement, or seeking professional help, there are steps you can take to improve your credit health and achieve financial peace of mind.

Frequently asked questions

Why does AR Resources keep calling me?

AR Resources continues to call because they are trying to collect a debt. Ignoring their calls won’t make the debt go away, and it’s important to address the situation to avoid further complications. You can request that they communicate with you in writing to keep a documented record of all interactions.

Will AR Resources sue or garnish my wages?

While it’s unlikely, AR Resources can sue for the debt or garnish your wages if they win a judgment against you. It’s essential to understand your state’s laws regarding wage garnishment and seek legal advice if necessary. Generally, AR Resources will try other collection methods before pursuing legal action.

Does AR Resources accept goodwill letters?

In most cases, AR Resources does not accept goodwill letters to remove collections or charge-offs. This is common among debt collectors, who typically adhere to strict policies about removing accurate information from credit reports. However, it’s always worth a try if you have a compelling reason for the request.

What happens if I ignore AR Resources?

Ignoring AR Resources can lead to more severe actions such as lawsuits or judgments against you. It’s crucial to address the debt and communicate with the agency to avoid these complications.

Can AR Resources report a debt that is not mine?

If AR Resources reports a debt that does not belong to you, you have the right to dispute the debt and request validation. They must provide proof that the debt is yours.

How long can AR Resources report a collection on my credit report?

Collections can remain on your credit report for up to seven years from the date of the first delinquency. After this period, they should be automatically removed from your report.

Can AR Resources charge interest on the debt?

Yes, AR Resources can charge interest on the debt if the original agreement with the creditor allows it. However, the amount and rate must comply with state laws and the terms of the original agreement.

What are my rights when dealing with AR Resources?

You have the right to dispute any debt that AR Resources is trying to collect. They are governed by the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). These acts provide significant protections for consumers, including the right to request debt validation, dispute inaccuracies, and request that collection agencies cease communication.

Key takeaways

  • AR Resources is a legitimate debt collection agency that may impact your credit score.
  • You have rights under the FDCPA and FCRA to dispute and validate debts.
  • Removing AR Resources from your credit report requires careful negotiation and documentation.
  • Seek professional advice to handle disputes and improve your credit health effectively.

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