Who is American Profit Recovery, Inc.?
American Profit Recovery, Inc. (APR) is a debt collection agency with offices in Farmington Hills, Michigan, and Franklin, Massachusetts. They help businesses recover unpaid debts across various industries like healthcare, financial services, education, and more. If you see APR on your credit report, it means your original creditor assigned the debt to them after it went unpaid.
Debt collections can negatively affect your credit score, but you have options to address them. Learning about your rights and available strategies can help you tackle the issue effectively.
Who does American Profit Recovery collect for?
American Profit Recovery collects on behalf of many different types of businesses. They service a wide range of industries, including but not limited to:
- Business-to-Business (B2B) and commercial entities.
- Medical and healthcare institutions, including chiropractors and dental practices.
- Financial institutions, which might include banks, credit unions, or other lending organizations.
- Various service providers, such as fuel/gas distributors, funeral homes, lawn care/landscaping companies, and restoration companies.
- Educational institutions, from preschools to universities.
- Veterinary practices, both small and large.
Is American Profit Recovery legit or a scam?
American Profit Recovery is a legitimate company. However, the frequency and persistence of their collection attempts can sometimes lead individuals to question their legitimacy.
It’s also worth noting that while APR itself is a legitimate company, scammers may sometimes pose as debt collectors. Always verify any debt and the debt collector before making a payment.
How can I remove American Profit Recovery 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 Profit Recovery Contact Information
Addresses:
American Profit Recovery
34505 W 12 Mile Rd Ste 333
Farmington Hills, MI 48331
American Profit Recovery
31 Hayward St. Suite 2A-213
Franklin, MA 02038
Phone number: (877) 634-8900
Should I contact or pay American Profit Recovery?
Before contacting a debt 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 Profit Recovery is to work with a credit repair professional. They help remove millions of negative items every year from companies like American Profit Recovery on behalf of their clients.
Will American Profit Recovery sue me or garnish my wages?
American Profit Recovery does possess the ability to initiate legal action for unpaid debts. However, pursuing a lawsuit is typically considered a last resort, as it can be time-consuming, costly, and resource-intensive for the agency.
If APR does decide to sue and subsequently wins a judgment against you, they could potentially garnish your wages, depending on the specific laws and regulations governing wage garnishment in your state.
American Profit Recovery, Inc. Complaints
Many collection agencies have numerous complaints filed 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 you find yourself facing any of these situations with American Profit Recovery, you should also 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 Profit Recovery, Inc.
Debt collectors must follow state and federal laws. For example, the FDCPA prohibits a debt collection agency from using abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for American Profit Recovery 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 Profit Recovery cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- American Profit Recovery 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 Profit Recovery cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove American Profit Recovery From Your Credit Report Today!
Credit Saint offers assistance with disputing American Profit Recovery 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.
