Who is AAA Collections?
AAA Collections, Inc., also known as Advanced Asset Alliance, is a debt collection agency based in Sioux Falls, South Dakota. Their business revolves around recovering outstanding debts on behalf of businesses.
If you have an unpaid debt that has been transferred to them, you may see AAA Collections listed on your credit report as a collections account.
Who does AAA Collections collect for?
AAA Collections collects debts for small companies, healthcare providers, and utility firms. They handle unpaid debts from various sources, such as small business invoices, medical bills including hospital and doctor’s fees, and unpaid utility services like electricity and gas.
Is AAA Collections legit or a scam?
AAA Collections is a legitimate debt collection company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove AAA Collections from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
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AAA Collections, Inc. / Advanced Asset Alliance Contact Information
Advanced Asset Alliance
3500 S 1st Ave Cir #100
Sioux Falls, SD 57105
Phone number: (605) 339-1333
Should I contact or pay AAA Collections?
It’s best to avoid speaking to a debt collector on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with AAA Collections is to work with a credit repair professional. They help remove millions of negative items every year from companies like AAA Collections on behalf of their clients.
Will AAA Collections sue me or garnish my wages?
AAA Collections, as a debt collection agency, has the right to take necessary steps to recover the money owed to them, which can include filing a lawsuit. If they win the lawsuit and obtain a court judgment against you, they could potentially garnish your wages, subject to your state’s laws.
However, it’s important to note that lawsuits and wage garnishment are typically last-resort actions. Debt collection agencies usually make multiple attempts to recover the debt through letters, calls, and settlement proposals before resorting to legal action.
AAA Collections, Inc. /Advanced Asset Alliance Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with AAA Collections
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for AAA Collections to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- AAA Collections, Inc. may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- AAA Collections must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- AAA Collections cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove AAA Collections From Your Credit Report Today!
Credit Saint can assist you in disputing AAA Collections accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
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