Who is Advanced Capital Solutions?
Advanced Capital Solutions, Inc. (ACS) is a debt collection agency based in North Canton, Ohio. Founded in 2007, ACS works as a third-party agency to recover unpaid consumer debts. This company is well known in the debt collection industry and is licensed to operate nationally across the United States.
You may find them on your credit report under the collections section if you have an unpaid debt that ACS has been tasked to collect.
Who does Advanced Capital Solutions collect for?
Advanced Capital Solutions collects primarily for payday loan companies. These are short-term, high-interest loans that are typically due on the borrower’s next payday. If a borrower defaults on a payday loan, the lender may turn the debt over to a collection agency like ACS.
Is Advanced Capital Solutions legit or a scam?
Advanced Capital Solutions, Inc. is a legitimate company. They are authorized to collect debts 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 Advanced Capital Solutions 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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Advanced Capital Solutions, Inc. Contact Information
Address:
Advanced Capital Solutions, Inc.
5553 Whipple Ave NW N
North Canton, OH 44720
Phone number: (855) 477-8864
Should I contact or pay Advanced Capital Solutions, Inc.?
It’s best to avoid 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.
The most effective way to deal with Advanced Capital Solutions is to work with a credit repair professional. They help remove millions of negative items every year from companies like Advanced Capital Solutions, Inc. on behalf of their clients.
Will Advanced Capital Solutions, Inc. sue me or garnish my wages?
In situations where you have outstanding debts, it’s possible that Advanced Capital Solutions, Inc., like many other debt collection agencies, can take legal action to collect the debt, including filing a lawsuit. If they win the lawsuit and obtain a judgment against you, they may be able to garnish your wages or bank accounts or put a lien on your property, depending on the laws in your state.
However, before it reaches that point, ACS and other debt collection agencies will typically make several attempts to collect the debt through letters and phone calls. They may also be willing to negotiate a payment plan or a settlement for less than the full amount of the debt.
Advanced Capital Solutions, Inc. Complaints
Most third-party collection agencies have numerous complaints filed against them 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 Advanced Capital Solutions, Inc.
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 Advanced Capital Solutions 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.
- Advanced Capital Solutions cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- The debt collector 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.
- Advanced Capital Solutions cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Advanced Capital Solutions From Your Credit Report Today!
Credit Saint offers assistance with disputing Advanced Capital Solutions 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.
