What does AMERCOLL SYS mean on my credit report?
Learn about AMERCOLL SYS, an collections agency offering loans for financial assistance. Check the impact to your credit report and financial status.
What is AMERCOLL SYS?
AMERCOLL SYS is shorthand for ACSI American Collection Systems Inc, with the company name being ACSI American Collection Systems, Inc.
Its headquarters are located in Laramie, Wyoming and serves mainly the Rocky Mountains but is able to deliver its billing and collections services throughout the whole US.
AMERCOLL SYS 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 ACSI American Collection Systems Inc.
- ⚫ ACSI American Collection Systems 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 ACSI American Collection Systems Inc:
Address:
- 200 S. 2nd Street • Laramie, WY 82070
Website:
Email:
Phone:
Payments
To make a payment, check with your medical practice to see what payment options they offer. Many practices accept online payments, credit card payments, and checks. Additionally, some practices have creative payment options such as payment plans and deferred payments.Collections agencies offer services to help businesses recover unpaid bills or past-due amounts, often with creative solutions to make it easier for patients to pay. However, there can be penalties for late or missed payments, depending on the payment terms that have been agreed upon between the business and the customer.Many collections agencies offer payment processing over the phone, online, and with mobile apps. Other payment options include checks and money orders. Some agencies offer discounts for automatic payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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 wire transfer? | Yes |
Forgiveness and Cancellation
American Collection Systems, Inc. is a billing and collection agency that offers a friendly-but-firm approach, has an in-house legal department, and achieves a recovery rate 2-3 times the national average. They serve clients in a variety of industries, though it is unclear if loan consolidation is one of them. NA
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
It is possible to apply for a loan online, over the phone, or in person. American Collection Systems, Inc. is a billing and collection agency in Wyoming that offers loan services and has an in-house legal department. The company has a recovery rate 2-3 times the national average. It is not possible to apply for a loan with a cosigner using a collections agency.
| 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? | 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 AMERCOLL SYS 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.