Who is American Collections Enterprise?
American Collections Enterprise, Inc. (ACEI), also known as AMCOLLECT, is a debt collection agency with its base in Alexandria, Virginia. They work with individuals and businesses to collect debts owed to their clients.
If you have an unpaid debt that has been passed onto this agency, you may find AMCOLLECT listed on your credit report as a collections account.
Who does American Collections Enterprise collect for?
American Collections Enterprise (ACEI) caters to a broad array of industries. They collect for the banking industry (including overdue credit card payments and loans), the commercial sector (mainly B2B debts), and medical providers (dental and hospital bills).
Additionally, they handle dishonored checks, landlord/tenant disputes, and unpaid rent in the real estate sector. Their client base also includes personal services, car rental companies, utility providers, and educational institutions for defaulted student loans.
Is American Collections Enterprise legit or a scam?
American Collections Enterprise is a legitimate debt collection agency that is authorized to collect debts for its clients. Despite being a real business, the presence of scams in the collections industry makes it vital for consumers to verify any debt claims made by collection agencies.
How can I remove American Collections Enterprise 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.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
American Collections Enterprise, Inc. (ACEI) Contact Information
Address:
American Collections Enterprise, Inc.
205 S Whiting St. STE 500
Alexandria, VA 22304-3632
Phone number: (703) 253-7000
Should I contact or pay American Collections Enterprise?
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 Credit reports can contain errors or list debts that are no longer valid.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 Collections Enterprise is to work with a credit repair professional. They help remove millions of negative items every year from companies like American Collections Enterprise on behalf of their clients.
Will American Collections Enterprise sue me or garnish my wages?
American Collections Enterprise does have the legal ability to sue you in an attempt to collect a debt. If they were to win the lawsuit and secure a judgment against you, the court could allow them to garnish your wages, levy your bank account, or employ other collection methods depending on the laws in your specific state.
However, keep in mind that lawsuits are generally costly and time-consuming, and most debt collectors would prefer to settle the matter out of court if possible.
American Collections Enterprise, Inc. 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 Collections Enterprise
Debt collectors must follow state and federal laws. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that debt collectors don’t take advantage of you. In particular:
- It is a violation of federal law for American Collections Enterprise 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 Collections Enterprise cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- American Collections 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 Collections cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove American Collections From Your Credit Report Today!
Credit Saint offers assistance with disputing American Collections Enterprise collection 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.
