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?
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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American Accounts & Advisors Contact Information
American Accounts & Advisors
7460 80th St. S
Cottage Grove, MN 55016-3007
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?
It’s best to avoid speaking to a collection agency 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 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 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 American Accounts & Advisors
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 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- American Accounts & Advisors may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- American Accounts & Advisors 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.
- American Accounts & Advisors cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove American Accounts & Advisors From Your Credit Report Today!
Credit Saint can assist you in disputing American Accounts & Advisors 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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