What does ALLIANCE COLLECTION AG mean on my credit report?

Is ALLIANCE COLLECTION AG making an impact on your credit score?

Updated January 1, 2023
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What is ALLIANCE COLLECTION AG?

ALLIANCE COLLECTION AG is shorthand for Alliance Collection Agencies Inc, with the company name being Alliance Collection Agencies, Inc.

In 1990, he bought two small collections from Marsh & McLennan Companies and bonded them together with Rapid-Adjustment Co. In 1999, these three entities combined became Alliance Collection Agency, which created the Revcycle brand in 2015 to provide a complete range of product and service suites for collections.

ALLIANCE COLLECTION AG is a Collections Agency provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.
  • ⚫ You opened an account with Alliance Collection Agencies Inc.
  • ⚫ Alliance Collection Agencies Inc bought your debt and are now trying to collect on it.
  • ⚫ You opened a credit card / loan / mortgage with this company.
  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Alliance Collection Agencies Inc:

Address:

  • 3916 S Business Park Ave, Marshfield, WI 54449, United States

Website:

Email:

Phone:

Payments

Alliance Collection Agencies offers many payment options, including online payment, phone payment, check or money order, mobile app payment, and wire transfer. New York City residents can find translation and description of commonly used debt collection terms on the New York City Department of Consumer and Worker Protection website.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

How to Apply

It is possible to apply for a loan online, over the phone, or through a mobile app with Alliance Collection Agencies. You can also apply for a loan with a cosigner. For more information, reach out to their Collection Department at (800) 215-1547, switchboard at (715) 486-2100, or Sales Department at (888) 576-5290.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
Can I apply for a loan in person? No
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

What is a Collections Agency?

Collection agencies appear on your report when a company has failed to collect an outstanding debt. If a creditor has sent your debt to collections, they expect to receive only a portion of any money collected. For them, this is preferable to receiving nothing at all continuing the process of trying to collect your debt themselves. However due to the agressive nature of some collection agencys, you may feel threatened or harrassed by them. However, the good news is that if they inaccurately reported your debt and you take the correct credit repair action, there is a good chance that you will not have to repay and inaccurately reported debt.

How do I remove ALLIANCE COLLECTION AG from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.