Who is American Accounts & Advisors?
American Accounts & Advisors, Inc. (AAA) is a debt collection agency located in Cottage Grove, Minnesota. Their name is also spelled ‘American Accounts & Advisers’ with an ‘e’ on their website. They specialize in the recovery of outstanding debts for various types of businesses.
If you see American Accounts & Advisors listed on your credit report as a collections account, this indicates that you have an unpaid debt that was transferred to them for collection.
Who does American Accounts & Advisors collect for?
American Accounts & Advisors provides their collection services to a diverse clientele. In the healthcare industry, they collaborate with hospitals, clinics, and private medical practices to collect outstanding medical bills from patients.
For financial institutions, they often work on recovering unpaid credit card debt, loans, or other financial obligations. They also partner with commercial businesses to collect on business-to-business debts or unpaid invoices.
Is American Accounts & Advisors legit or a scam?
American Accounts & Advisors is a legitimate 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 American Accounts & Advisors from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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American Accounts & Advisors Contact Information
Address:
American Accounts & Advisors
7460 80th St. S
Cottage Grove, MN 55016-3007
Mailing address:
American Accounts & Advisors
P.O. Box 250
Cottage Grove, MN 55016-3007
Phone number: (651) 287-6100 or (651) 405-9760
Should I contact or pay American Accounts & Advisors?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with American Accounts & Advisors is to work with a credit repair professional. They help remove millions of negative items every year from companies like American Accounts & Advisors on behalf of their clients.
Will American Accounts & Advisors sue me or garnish my wages?
American Accounts & Advisors is entitled to sue you for unpaid debts. However, whether they will actually do this depends on many factors, including the size of the debt, the age of the debt, and company policy. If they do decide to sue and win a judgment against you, they may be able to garnish your wages depending on the laws in your state.
American Accounts & Advisors Complaints
Most third-party collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, 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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with American Accounts & Advisors
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for American Accounts & Advisors 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. They have 30 days to prove the debt is yours and the amount is accurate.
- American Accounts & Advisors cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- American Accounts & Advisors must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- American Accounts & Advisors cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove American Accounts & Advisors From Your Credit Report Today!
Credit Saint offers assistance with disputing American Accounts & Advisors accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
