Who is American Profit Recovery, Inc.?
American Profit Recovery, Inc. (APR), is a significant player in the debt collection industry in the United States. The company is headquartered in Farmington Hills, Michigan, with an additional operational base in Franklin, Massachusetts.
If you find APR listed on your credit report, it means that a debt you owe has been transferred from the original creditor to this agency for collection. The listing may have been added because a bill was forgotten or neglected and was left unpaid for an extended period of time. In such instances, the original creditor may give up their own collection efforts and pass the debt onto a specialized agency like APR.
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?
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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Lexington Law is a professional credit repair law firm that works with people who want to fix their credit.
In addition to collections, they can work with 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.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
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?
Nothing good can come from speaking to a debt 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 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
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 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 the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with American Profit Recovery, Inc.
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collection agency 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 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- American Profit Recovery may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- American Profit Recovery 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 Profit Recovery cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove American Profit Recovery From Your Credit Report Today!
Lexington Law can assist you in disputing American Profit Recovery accounts. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website for a free credit consultation to see what they can do for you.
Ready to Repair Your Credit?
Some clients have raised their credit scores
by 100 points* or more.
