How To Remove Asset Acceptance LLC From Your Credit Report
Is ARstrat calling you about unpaid medical bills? If so, they’re also bringing down your credit score.
Confronting a debt collector can seem like a daunting task, but getting a collections entry off your credit report is actually quite simple.
If you’re wondering how to proceed to stop ARstrat’s phone calls and improve your credit score, we can help.
What Is ARstrat?
Though their collections attempt might border on spammy, ARstrat LLC is an established and legitimate debt collections agency.
ARstrat has been collecting on consumers’ debts since 2015, headquartered in Houston.
ARstrat’s mailing address is as follows:
14141 Southwest Freeway, Suite 300
Sugarland, TX 77478
ARstrat specializes in healthcare debt, collecting on debts from some of the following types of providers nationwide:
- Academic healthcare facilities
How Does ARstrat Work?
So how exactly do debt collectors operate?
After several unsuccessful attempts at collecting payments, companies employ the services of debt collection agencies.
Agencies like ARstrat usually get access to you and your debts in one of two ways.
- They are employed by service providers/lenders to help collect on debts, earning a fee when you make a payment.
- They purchase the debt from your original creditor, or in this case, healthcare provider, at a discounted rate and net all of the profits when you make a payment.
Once your debt is in the hands of a debt collector, it will be reported to the credit bureaus, resulting in a “collections entry” on your report.
This type of entry could drop your score, especially if you have multiple debts in collections.
A collections entry stays on your credit report for a total of 7 years, whether you pay off what you owe or not.
Fortunately, there are a few strategies that are sure to get ARstrat out of your life and off your credit report.
3 Ways to Remove ARstrat from Your Credit Report
Equipped with the tips below, you should be able to get the collections account deleted from your credit report with ease.
Try one of the following methods today:
- Ask ARstrat to show you proof
- Negotiate a settlement in writing
- Get help from a credit repair company
1. Ask ARstrat to Show You Proof
Before you even think about paying ARstrat, you should ask to see some evidence of the debt they’re seeking payment for.
According to the Fair Debt Collection Practices Act, the agency has to show you documentation that confirms a debt before they can collect on it.
All you have to do is mail them a debt validation letter within 30 days of being contacted.
As a third-party collector, ARstrat might not have sufficient evidence to validate the debt, in which case they’ll have to cease their collection attempts.
Whether you do owe money to ARstrat or you’ve accidentally ended up on ARstrat’s list, it can’t hurt to send in a debt validation letter as long as you haven’t missed the deadline.
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It could get ARstrat off your credit score for free.
2. Negotiate a Settlement in Writing
Miss the 30-day limit for mailing in a debt validation letter? The next best method for getting ARstrat off your report is negotiating a “pay-for-delete agreement.”
Here’s the deal: If you pay ARstrat as requested and do nothing else, their phone calls and letters will stop, but they’ll stay on your credit report.
That’s why it’s imperative to get them to agree to report your payment to the credit bureaus and get their collections entry removed.
The best part of brokering this type of agreement is that you might be able to negotiate the amount you have to pay ARstrat.
You may want to start your negotiations with the creditor at around half of the full amount of your debt.
Just be sure to mail in your request and get ARstat’s response in writing rather than negotiating on the phone to ensure that the agency follows through on their part of the deal.
Once you’ve paid ARstrat the agreed-upon amount, your credit report should be collections entry-free within a month’s time. If it’s not, get back in touch with the agency to remind them.
Get a Free Copy of Your Credit Report
3. Get Help from a Credit Repair Company
Working through medical debt can be overwhelming. Whether you simply forgot to pay a bill after a doctor’s appointment or you’re drowning in hospital bills, you don’t have to go it alone.
A credit repair company can help you to rebuild your credit score, going to bat for you with healthcare providers and the collections agencies they employ.
They’ll dispute claims, negotiate pay-for-delete agreements, and do what it takes to get collections entries deleted swiftly.
They also provide a range of other services related to credit repair, no matter how complex your situation is.
If you’d rather leave dealing with ARstrat to the pros, these companies offer affordable customized assistance and can garner quick results.
Regardless of whether you choose to repair your credit on your own or need a little help from the pros, read up on the FDCPA, take advantage of the rights it provides you, and take the first step in getting your score where it needs to be today.
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Dealing with ARstrat
Debt collection agencies are the subject of many complaints, which you can see by exploring the agency’s Better Business Bureau profile or checking out the Consumer Financial Protection Bureau.
Common complaints waged against debt collectors include:
- Inconsistent or inaccurate reporting
- Aggressive/invasive collections attempts
- Failing to follow up on debt validation requests
The Fair Debt Collection Practices Act is key to your dealings with a debt collector like ARstrat.
Along with several other criteria, it limits when debt collectors are allowed to call you and prevents them from disclosing the details of your debt to anyone but you.
It also requires them to authenticate any debts they attempt to collect on.
The law also puts the ball in your court, allowing you to put an end to ARstrat’s calls by opting to receive all correspondence in the mail.
This is sound advice as it gives you plenty of documentation should there be any hiccups getting the entry removed.
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