Who is Commercial Acceptance Company?
Commercial Acceptance Company (CAC) is a debt collection agency based in Camp Hill, Pennsylvania. The agency works with various businesses to collect unpaid debts from consumers.
If you see CAC listed on your credit report as a collection account, this typically means you have an unpaid bill that has been transferred to them for collection.
Who does Commercial Acceptance Company collect for?
Commercial Acceptance Company serves a wide range of industries by providing debt collection services. The industries they work with can span from retail, healthcare, and utilities to credit cards and more.
Is Commercial Acceptance Company legit or a scam?
Commercial Acceptance Company is a legitimate company. They operate within the regulations of the industry and are authorized to collect unpaid debts on behalf of their clients. However, if you are contacted by CAC claiming that you owe a debt, it is essential to verify the claim before making any payments.
How can I remove Commercial Acceptance Company 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.
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Commercial Acceptance Company Contact Information
Address:
Commercial Acceptance Company
2300 Gettysburg Rd, Suite 102
Camp Hill, PA 17011
Phone number: (800) 690-3857
Should I contact or pay Commercial Acceptance Company?
Before contacting a debt collection company, 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 Credit reports can contain errors or list debts that are no longer valid.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. Of course, there are times when it’s best to just pay the collection account, especially if it’s new, and you’re sure that it’s legit.
The most effective way to deal with Commercial Acceptance Company is to work with a credit repair professional. They help remove millions of negative items every year from companies like Commercial Acceptance Company on behalf of their clients.
Will Commercial Acceptance Company sue me or garnish my wages?
Commercial Acceptance Company can sue for unpaid debts. If other attempts at collecting the debt, such as letters or phone calls, have been unsuccessful, CAC might choose to file a lawsuit as a last resort.
If CAC sues and obtains a judgment from the court, they might be granted the ability to garnish your wages or levy your bank accounts, depending on the laws of your state.
Commercial Acceptance Company Complaints
Many collection agencies have numerous complaints filed 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 Commercial Acceptance Company
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Commercial Acceptance Company 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.
- Commercial Acceptance Company cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Commercial Acceptance Company 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.
- Commercial Acceptance Company cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Commercial Acceptance Company From Your Credit Report Today!
Credit Saint offers assistance with disputing Commercial Acceptance Company 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.
