What does AAMS mean on my credit report?

Is AAMS making an impact on your credit score?

Updated January 1, 2023
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What is AAMS?

AAMS is shorthand for American Asset Management Services, with the company name being American Asset Management Services LLC

AAMS is a Asset Management Company provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with American Asset Management Services.

  • ⚫ 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 American Asset Management Services:

Address:

  • 4711 Golf Rd Ste 1000 Skokie​, IL, 60076-1235 United States

Website:

Email:

Phone:

Payments

Aamsco offers a variety of lighting solutions, including vintage light bulbs, OLED, mirrors, and luminaires. Customers can make payments by calling 1-800-221-9092, online, or through the mobile app. There are no penalties for late or missed 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
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

Aamsco offers a variety of products that can be ordered online, including vintage light bulbs, OLED, mirrors, and luminaires. Additionally, Aamsco also offers custom lighting designs and OLED lighting solutions. They have recently acquired Lightly Technologies, the creators of the Hikari SQ edge-lit LED panel.

Question Answer
Can I apply for a loan online? Yes
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? 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.

How do I remove AAMS 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.