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?
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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Commercial Acceptance Company Contact Information
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?
Nothing good can come from speaking to a debt collection company 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. 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
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 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 Commercial Acceptance Company
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector 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 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Commercial Acceptance Company may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Commercial Acceptance Company 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.
- Commercial Acceptance Company cannot threaten to have you arrested or imprisoned over unpaid debts.
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Credit Saint can assist you in disputing Commercial Acceptance Company collection 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.
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