What does AMERCRED mean on my credit report?

Is AMERCRED making an impact on your credit score?

Updated January 1, 2023
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What is AMERCRED?

AMERCRED is shorthand for Aemerica Credit SYSTEMS INC, with the company name being Aemerica Credit SYSTEMS INC

AMERCRED is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Aemerica Credit SYSTEMS INC.

  • ⚫ 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 Aemerica Credit SYSTEMS INC:

Address:

  • 400 West Lake Steet 111 ,PO box 72849, Roselle, IL 60172

Website:

Email:

Phone:

Payments

American Credit Acceptance offers various payment options including online payments through their website or doxo, over the phone, and with a mobile app. There is no grace period for missed or late payments, and American Credit Acceptance can repossess your car if payments are not made on time.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes

How to Apply

You can apply for a loan online, over the phone, in person, or using a mobile app. You may be able to apply for a loan with a cosigner.

Question Answer
Can I apply for a loan over a phone call? 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.

How do I remove AMERCRED 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.