How to Remove Ability Recovery Services Debts From Your Credit Report
Your credit report is a snapshot of your financial wellness. If the report has negative items on it, such as a collections debt from , you may find that you cannot get the loans and lines of credit you need. If the debt is listed in error, you can take steps to remove the error from your credit report and restore your good financial standing.
If you have never reported a credit report error before, you may not know where to start. With DoNotPay, you can get quick and easy steps to take care of the issue.
What Is Ability Recovery Services?
is a collection agency with more than 30 years in the business of collections. The agency specializes in a variety of debt items, including those from:
- healthcare providers
- higher education institutions
- financial institutions
- utility companies
Ability Recovery Services works in all fifty states to collect debts from consumers.
How to Dispute an Ability Recovery Services Credit Report
An Ability Recovery Services credit report item on your report can negatively impact your credit. However, suppose you find that this debt is listed in error. In that case, you can contact the credit bureaus to correct the situation or contact Ability Recovery Services directly through a form on the company's website.
There are other avenues you can follow in cleaning your credit report, including:
|Wait for the debt to expire.||All collection accounts have a maximum life of seven years–the statute of limitations. Sure, they will negate your credit score, but the effect isn't permanent, especially if you aren't planning on applying for a new line of credit soon.|
|Pay the debt balance.||Pay the debt balance in full to have the company remove the collection account as soon as possible.|
|Send a goodwill credit inquiry removal letter.||Request the company to remove the collection accounts from your credit report.|
|Send dispute letters.||Send dispute letters to all credit bureaus and the company once you find any erroneous accounts on your credit report. The law mandates the reporting bureaus investigate your complaint.|
|Contact non-profit organizations for counseling.||Reach out to non-profit organizations such as the National Foundation for Credit Counselling (NFCC) and request for a credit counselor to negotiate with you.|
Suing for an Unresolved Credit Report Dispute
You may wonder what to do if your efforts at correcting a disputed item have gone unanswered. In many cases, you will hear back from a credit bureau within 30 days about whether they will issue a correction to your credit report or whether they don't have enough evidence to correct the dispute. If you don't receive an answer within 45 days, you may be able to sue the credit agency to get the error taken care of.
How to Dispute Credit Errors on Your Own
The longer an error stays on your credit report, the more damage it could do to your financial health. If you are ready to take on these errors, you can follow these steps to get them taken care of.
Report Disputes to Credit Bureaus
The first place that people often find out there is an error in their credit report is by accessing their report through one of the three major credit bureaus. To correct the situation:
- Write a letter of dispute—this letter will contain the item or items you think are in error and any supporting evidence you have
- Call the credit bureaus—instead of a letter. You can also contact the credit bureaus by phone to dispute any errors.
- Check all three credit reports—errors on just one or all three credit reports, depending on how the business reported them. If the error appears on more than one report, you will have to write or call all bureaus individually to correct the situation.
Report Disputes to the Business in Question
Another way you can report an error on your credit report is to contact the business directly. The business writing may be able to assist you in correcting the situation if they have evidence they are reporting negative items against the wrong person.
Dispute Credit Errors With DoNotPay
An error can follow you around for a long time, and you don't want it to negatively affect your ability to open lines of credit or acquire loans. If you need to dispute an error, let DoNotPay help you out.
How to clean up your credit report using DoNotPay:
If you want to clean up your credit report but don't know where to start, DoNotPay has you covered in 3 easy steps:
- Search Clean Credit Report on DoNotPay.
- Prepare a recent copy of your credit report that you can use as reference.
- Let us guide you through the 4 potential options:
- If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
- If you notice any errors in your report (we have a list of common errors you can use.), we'll help you file a credit dispute to the creditor or major credit bureaus.
- If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report, and they can't collect it.
- Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.
You can also check out our other credit products, including Credit Limit Increase, Get My Credit Report, Keep Unused Cards Active, and more.
What Else Can DoNotPay Do for You?
When you need to get things done, DoNotPay can help. Some of the areas where DoNotPay can lend a hand include:
- Handling chargebacks and refunds
- Getting help with bills
- Canceling subscriptions and services
- Writing financial aid appeal letters
It doesn't matter what you need help with—DoNotPay has the solution to help you get it done.