What does ICS COLLECTION SERV I mean on my credit report?
Learn about ICS COLLECTION SERV I, an collections agency offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ICS COLLECTION SERV I?
ICS COLLECTION SERV I is shorthand for ICS Collection Service Inc, with the company name being ICS Collection Service Inc Inc
While the instruments of our trade might have changed since ICIS opened, nothing else has. The administration includes two former Presidents of the Illinois Collector’s Association we are currently serving on the board of the Illinois Department of Professional Regulation and ACAI Internship Awards from HMFA.
ICS COLLECTION SERV I 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 ICS Collection Service Inc.
- ⚫ ICS Collection Service 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.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for ICS Collection Service Inc:
Address:
- 8231 185th Street, Suite 100, Tinley Park, Illinois, 60487
Website:
Email:
Phone:
Payments
payment is not directly made to ICS Collection Service. Contact 888-427-2655 or info@ics-collection.com for more information. They also do not offer a monthly payment plan, but there are no penalties for late or missed payments. Payment cannot be made over the phone, with a prepaid debit card, or using a wire transfer.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | No |
| 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? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
ICS Collection Service, Inc. does not offer loan forgiveness or consolidation, though it is not directly related to the services provided by them.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
ICS Collection Services does not offer any type of loan, only collection services. This includes online, over the phone, or in person.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| Can I apply for a loan over a phone call? | No |
| Can I apply for a loan in person? | No |
| Can I apply for a loan using a mobile app? | No |
| Can I apply for a loan with a cosigner? | No |
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 ICS COLLECTION SERV I 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.
