How to Remove Action Financial Services from Your Credit Report
Is Ad Astra Recovery Services stressing you out with calls about outstanding debts?
Being contacted by a collections agency can be frustrating, but the damage to your credit score can be far worse than their persistent phone calls and letters.
Did you know that a collection account entry can hurt your credit for seven years if you don’t get it deleted from your report?
Keep in mind, there are three major credit reporting bureaus, Experian, Transunion, and Equifax.
These three credit bureaus make up your FICO credit score, the main source most loan providers will use to access your liability.
When AARS is added to your credit report, there are a few things you should (and shouldn’t) do to get it removed.
Read on for important details on who AARS is, how they work, and how you can get them taken off your credit report.
What Is Ad Astra Recovery Services?
Is the name Ad Astra Recovery Services new to you? Combine the agency’s unfamiliarity with its repetitive phone calls from unknown numbers, and you may be questioning its legitimacy.
Ad Astra Recovery Services, Inc, is legit and not a scam. The certified debt collection agency has been operating since 2007, with its headquarters in Wichita, Kansas.
The agency could appear on your credit report under a few different names, including:
- Ad astra inc
- Ad astra collections
- Ad astra recovery
- Ad astra company
- Ad astra recovery serv
According to their website, they offer easy outsourcing with superior service and contain quality employees.
AARS doesn’t provide too many specifics about its services, but it’s clear that the agency offers third-party and in-house debt collections through Speedy Cash, as well as check recovery services.
While it may collect for other industries, AARS most notably collects on payday loans and cash advance debts.
3 Ways to Remove Ad Astra Recovery Services from Your Credit Report
Even if you fell behind on payments and really do owe AARS, you shouldn’t have to suffer the consequences for seven years.
Here are three ways to get a collections entry deleted from your credit report quickly.
- Send a debt validation letter
- Negotiate a pay-for-delete agreement
- Work with a credit repair company
1. Send a Debt Validation Letter
The FDCPA gives you 30 days to get your debt validated, a benefit you should absolutely take advantage of.
The law states that debt collectors cannot seek repayment for a debt without providing evidence if it is requested.
If you would like more information on all consumer laws, you can find them on the FTC’s (Federal Trade Commission) website.
To dispute your debt with AARS, you need to send in a debt validation letter to the mailing address provided above within a month of hearing from the agency.
If AARS doesn’t have documentation linking the debt to you, they’ll have to drop your debt and stop contacting you.
Individuals who have been contacted due to a reporting error or identity theft should certainly try to dispute their debts, actually, this is a strategy worth trying even if you do owe AARS, too.
When collections agencies buy debts from providers and lenders, they don’t always have the paperwork they need to see their collections attempts through.
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2. Negotiate a Pay-for-delete Agreement
You may not be able to get a collections entry off your report for free, but that doesn’t mean you have to pay it off completely.
Whether you were too late to send in a debt validation letter or AARS was able to verify your debt, your next best option is to negotiate a pay-for-delete agreement.
All you need to do is get AARS to agree to have the entry deleted in exchange for a payment.
Third-party debt collectors buy your debts for pennies on the dollar, so there’s a very good chance you’ll be able to get AARS to accept a fraction of the amount you owe to close your account.
Just remember to negotiate with the agency in writing to guarantee that AARS holds up its end of your agreement.
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Once you submit your payment, you should see it reflected on your credit report within a month’s time.
IF the deletion is not there, report them to the CFPB (Consumer Financial Protection Bureau) and notify the three credit bureaus.
3. Work with a Credit Repair Company
Sometimes, improving your credit requires more than a debt validation letter or pay-for-delete agreement.
If your credit problems are more complicated, you should consider hiring a credit repair company. Especially if you’re worried about questions like, “Can Ad Astra sue me or garnish my wages?”
They can help you recover from a range of credit-related issues, such as:
- Identity fraud
They’ll also help to ensure that debt collectors stay within the bounds of the FDCPA.
With a credit repair company on your side, you don’t have to worry about the hassle of writing debt collectors and negotiating payments.
If you think your situation calls for professional help, take a look at one of our top credit repair companies.
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How Does Ad Astra Recovery Services Work?
When you fail to pay back your debts, lenders sometimes turn your debt over to a collections agency like AARS.
Sometimes, the agency might be hired to help collect and process your payments. In other cases, companies sell your debts to the agencies at deeply discounted prices.
Once a collections agency has your information, they can call, leave messages, and mail you notices regarding your debt until you reach an agreement.
When your debt goes into collections, it also results in a negative entry on your credit report.
Regardless of whether you make a payment or not, a collections entry will stay on your report for 7 years (unless you follow the advice below to get it deleted).
How much it affects your credit score over that time depends on a few other factors in your credit history.
For instance, one small amount of debt in collections might only lower your credit score by a few points, whereas substantial debt and overall poor payment history can lead to a more significant drop.
Below, we’ll walk you through a few pointers for dealing with AARS.
Dealing with Ad Astra Recovery Services
Before you answer one of Ad Astras’ phone calls, you might want to take a few moments to read up on the Fair Debt Collection Practices Act.
The FDCPA is an important law that limits the reach of debt collectors, protecting you from abuse.
Among other rights, it states:
- May only call between the hours of 8 a.m. and 9 p.m. and cannot contact you at work if you ask them not to.
- Cannot contact other individuals about your debts.
- Debt collectors cannot collect on a debt without first validating it.
If you think that AARS has acted in a way that violates the FDCPA in their interactions with you, you may want to take legal action against the agency.
You can also file a complaint with the Consumer Financial Protection Bureau or the Better Business Bureau (BBB.)
A lot of complaints against the agency are centered around the issues listed above.
To avoid several of these problems, you should consider only communicating with AARS in writing.
The FDCPA allows you to choose to only communicate by mail, giving you the documentation you might need to get AARS off your report.
Ad Astra Recovery Services Contact Information
Here’s a little more contact information on Ad Astra:
- Mailing Address: 7330 W 33rd St N # 118, Wichita, Kansas 67205
- Phone Numbers: (316) 941-5488
- Website: http://www.adastrarecoveryservicesinc.com
As a general disclaimer, the information in this article is not meant to substitute as legal advice. Please seek out a credible law firm for legal counsel.
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