Is AssetCare hurting your credit score?

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Who is AssetCare?

AssetCare, also known as CF Medical VI, LLC, is a debt collection agency based in Sherman, Texas. They collect on behalf of other businesses, rather than owning the debt themselves.

If you’ve missed or defaulted on payments for a bill, this agency may have been tasked with recouping the funds. When this happens, you could find AssetCare listed on your credit report as a collections account.

Who does AssetCare collect for?

AssetCare is primarily engaged in the recovery of medical debt. They work on behalf of hospitals, clinics, and other medical care providers.

Is AssetCare legit or a scam?

AssetCare LLC is a legitimate debt collection agency. They operate within the legal frameworks governing debt collection and are authorized to collect 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 AssetCare LLC 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.)

Ready to Raise Your Credit Score?

Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.

Professional credit repair services work with people who want to get their credit back on track.

In addition to collections, they can help 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.

AssetCare LLC Contact Information


AssetCare LLC
2222 Texoma Parkway, Suite 180
Sherman, TX 75090

Mailing address:

AssetCare LLC
PO Box 1127
Sherman, TX 75091

Phone number: (888) 993-3604

Should I contact or pay AssetCare LLC?

Before contacting a debt collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.

The most effective way to deal with AssetCare is to work with a credit repair professional. They help remove millions of negative items every year from companies like AssetCare LLC on behalf of their clients.

Will AssetCare LLC sue me or garnish my wages?

AssetCare does have the ability to sue you for the unpaid debt. If the company decides to take the case to court and wins a judgment against you, they could potentially use various legal means to collect the debt. This could include garnishing your wages or levying your bank account.

However, this typically occurs as a last resort if the debt remains unpaid over a significant period of time and other collection efforts have failed.

AssetCare LLC 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, harassing phone calls, 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 AssetCare LLC

Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collection agency from using abusive, unfair, or deceptive practices. In addition, it 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 AssetCare LLC 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.
  • AssetCare may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
  • AssetCare 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.
  • AssetCare cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove AssetCare LLC From Your Credit Report Today!

Credit Saint can assist you in disputing AssetCare LLC 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.

They have helped many people in your situation. Fill out the form on their website or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.

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Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.