Skip to content
SuperMoney logo
SuperMoney logo

How to remove AR Solutions From Your Credit Report

Last updated 07/18/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
AR Solutions is a debt collection agency that buys and collects debt from various creditors. This article explores how AR Solutions operates, its impact on your credit score, and how you can manage or remove their collections from your credit report. We’ll provide practical tips, your rights under federal laws, and the best strategies for dealing with AR Solutions.
AR Solutions is a debt collection agency known for purchasing and collecting outstanding debts from various creditors. If you’ve encountered AR Solutions on your credit report, it’s crucial to understand how they operate and how their presence affects your credit score. This article will provide comprehensive insights into AR Solutions, including how to remove their collections from your credit report, your rights, and practical tips for dealing with them.

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 is AR Solutions?

Understanding Debt Collection Agencies

Debt collection agencies like AR Solutions play a pivotal role in the financial ecosystem. They purchase delinquent debts from original creditors at a fraction of the debt’s value. These agencies then attempt to collect the full amount owed from consumers. Understanding the motivations and operations of these agencies is essential for anyone dealing with debt collectors.

AR Solutions’ Business Model

AR Solutions buys debts from various creditors, including credit card companies, loan providers, and other financial institutions. They often acquire these debts at a discounted rate, typically pennies on the dollar. This allows them to profit even if they collect only a portion of the original debt. In some cases, AR Solutions may act as a third-party collector, working on behalf of the original creditor without owning the debt outright.

How Does AR Solutions Impact Your Credit Score?

The Consequences of a Collections Account

A collections account can significantly damage your credit score. When AR Solutions reports a debt to the credit bureaus, it appears as a derogatory mark on your credit report. This can lower your score and hinder your ability to obtain new credit, such as loans or credit cards.

Statute of Limitations

Understanding the statute of limitations on debt is crucial. This legal time frame dictates how long a creditor or collector can sue you for the debt. Once the statute of limitations expires, the debt becomes time-barred, meaning you cannot be legally forced to pay it. However, the debt can still appear on your credit report and affect your score.

Removing AR Solutions from Your Credit Report

Disputing Inaccurate Information

One of the most effective ways to remove AR Solutions from your credit report is by disputing inaccurate information. According to a study by the U.S. PIRGs, 79% of credit reports contain mistakes or serious errors. If AR Solutions has reported incorrect details, you have the right to dispute the information with the credit bureaus. Providing evidence of the inaccuracies can lead to the removal of the collections account.

Verification of Debt

Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request a debt validation letter. AR Solutions must provide proof that the debt is valid and belongs to you. If they cannot verify the debt, they are required to remove it from your credit report.

Pro Tip

Always request debt verification in writing. This creates a paper trail and ensures that your rights are protected.

Negotiating a Pay-for-Delete Agreement

A pay-for-delete agreement involves negotiating with AR Solutions to remove the collections account from your credit report in exchange for payment. While not all agencies agree to this arrangement, it can be a viable option. Ensure you get any agreement in writing before making a payment.

Request All Correspondence in Writing

Ensure a documented record of communications with AR Solutions by requesting written correspondence. Contact AR Solutions at the following address:
AR Solutions contact information
7121 A St #102, Lincoln, NE 68510-4289
Ph# +1 402-817-3929

How to File a Complaint Against Them

If AR Solutions violates your rights under the FDCPA or engages in harassment, you can file a complaint against them. Here’s how you can do it:
  1. Consumer Financial Protection Bureau (CFPB): Submit a complaint through the CFPB’s website at consumerfinance.gov/complaint.
  2. Federal Trade Commission (FTC): File a complaint with the FTC at ftccomplaintassistant.gov.
  3. Better Business Bureau (BBB): Report the agency to the BBB to help warn other consumers and potentially resolve the issue.

Dealing with AR Solutions’ Calls

Best Practices for Handling Calls

When dealing with collection calls from AR Solutions, it’s essential to stay calm and composed. Do not admit to the debt or agree to any payments during the initial call. Request written communication and verify the debt before taking any further action.

Blocking Persistent Calls

If AR Solutions’ calls become too frequent, you have the option to block their number. However, it’s crucial to address the underlying issue to prevent further complications.

Pro Tip

Keep a log of all communications with AR Solutions, including dates, times, and the content of the conversations. This can be useful if you need to dispute their practices.

Legal Actions and Your Rights

Potential for Lawsuits and Wage Garnishment

While it’s rare for AR Solutions to sue for debt, it is not impossible. Understanding your state’s laws regarding wage garnishment and bank levies can help you prepare for such scenarios. If you receive a lawsuit notice, seek legal advice immediately.

Your Rights Under the FDCPA and FCRA

The FDCPA and the Fair Credit Reporting Act (FCRA) provide robust protections for consumers. These laws regulate how debt collectors can operate and what they can report to credit bureaus. Familiarizing yourself with these rights can empower you to handle AR Solutions effectively.

Frequently asked questions

What is AR Solutions’ Contact Information?

AR Solutions can be contacted directly through their phone number or website. However, it’s often advisable to consult with a credit repair professional before engaging with them.

Can AR Solutions Accept a Goodwill Letter?

In most cases, AR Solutions does not accept goodwill letters to remove collections or charge-offs. Goodwill letters are more successful with original creditors rather than collection agencies.

How Can I Log in to AR Solutions’ Portal?

AR Solutions provides an online portal for account management. However, addressing the root cause of the collections account with professional help may yield better results.

How Long Does Debt Stay on Your Credit Report?

Debts can remain on your credit report for up to seven years from the date of the first missed payment. It’s important to check your credit report regularly to ensure all information is accurate and up to date.

What Should I Do If I Receive a Call from AR Solutions?

If you receive a call from AR Solutions, do not admit to the debt or agree to any payments during the initial call. Request written communication and verify the debt before taking any further action. Keeping a log of all communications can also be beneficial.

Can AR Solutions Garnish My Wages?

In some cases, AR Solutions may pursue wage garnishment if they obtain a court judgment against you. It’s crucial to understand your state’s laws regarding wage garnishment and seek legal advice if you receive a lawsuit notice.

How Can I Dispute a Debt with AR Solutions?

You can dispute a debt by sending a written dispute letter to AR Solutions. Under the FDCPA, they must provide proof of the debt’s validity. If they cannot verify the debt, they are required to remove it from your credit report.

Conclusion

Dealing with AR Solutions can be challenging, but understanding your rights and options can make the process more manageable. Whether you choose to dispute the debt, negotiate a settlement, or seek professional assistance, taking proactive steps is crucial. By staying informed and vigilant, you can protect your credit score and financial well-being.

Key Takeaways

  • AR Solutions is a legitimate debt collection agency that buys and collects debts from various creditors.
  • Collections accounts from AR Solutions can significantly impact your credit score.
  • You have the right to dispute inaccurate information and request debt verification.
  • Negotiating a pay-for-delete agreement or settlement may be possible but should be handled carefully.
  • Understanding your rights under the FDCPA and FCRA can help you manage interactions with AR Solutions effectively.

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