What does ABSRES INV mean on my credit report?

Is ABSRES INV making an impact on your credit score?

Updated January 1, 2023
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What is ABSRES INV?

ABSRES INV is shorthand for ABSOLUTE RESOLUTIONS, with the company name being ABSOLUTE RESOLUTIONS

ARC has a disciplined approach to buying, relying extensively on its proprietary analytical tools to assess portfolios and optimize recoveries. We use a number of factors when evaluating potential acquisitions including customer experience, company culture and business processes.

ABSRES INV is a Debt Collection Agency provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.
  • ⚫ You opened an account with ABSOLUTE RESOLUTIONS.
  • ⚫ ABSOLUTE RESOLUTIONS 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 ABSOLUTE RESOLUTIONS:

Address:

  • 591 Camino de la Reina Ste 1219. San Diego, CA 92108

Website:

Email:

Phone:

Payments

Customers can make payments in various ways, including online, in person, or over the phone. Online payments can be made using a credit or debit card, and some online payment services also allow customers to transfer money from their bank account. In-person payments can be made by cash, check, or a card. Phone payments can be made using a credit or debit card. Additionally, other payment options, such as using a check or money order, are available.

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? 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

Forgiveness and Cancellation

ABC Financial offers loan forgiveness and consolidation services. To qualify for loan forgiveness, you must demonstrate an inability to make loan payments due to an economic hardship. Loan forgiveness programs may require that you have made payments for a certain number of years, have made payments under a certain plan type, or have met other criteria.

Question Answer
Do they offer loan consolidation? Yes

How to Apply

It is possible to apply for a loan online, over the phone, or in person. Many banks and financial institutions offer online loan applications, allowing you to apply for a loan quickly and easily. Additionally, many online lenders specialize in providing loans to customers with less-than-perfect credit. Applying for a loan using a mobile app is also an option. Finally, you can apply for a loan with a cosigner.

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 using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

ABSRES INV SmartCredit Report

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 Debt Collection Agency?

A Debt Collection Agency is a company that specializes in purchasing debt from other creditors then trying to collect upon it. It’s legal for creditors to sell on your debts, however if they are not accurately reported then you have a better chance of being able to dispute the legitimacy of the debt and reporting of the said debt. These collectors are usually quite agressive with how they collect the debt as otherwise they will lose money, therefore they can feel pushy or even make you feel harrassed with constant phone calls, letters and texts, some people have even reported that they phyically harrass indebted people.

How do I remove ABSRES INV 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.