Advanced Capital Solutions is a debt collection agency that purchases overdue consumer and commercial debt from creditors and then attempts to collect the debt from consumers. They often appear on credit reports, and it’s important to know that you have rights when dealing with these types of agencies. The Fair Debt Collection Practices Act (or FDCPA) and the Fair Credit Reporting Act (or FCRA) give you a lot of power when it comes to dealing with debt collectors, but only if you understand your rights.
If you’re seeing Advanced Capital Solutions on your credit report, you likely have a legitimate debt that is past due. However, it’s important to remember that just because Advanced Capital Solutions has a legal right to collect on the debt doesn’t mean they can do so ethically. In fact, there have been numerous complaints against the company for harassment and other violations of consumer rights.
Debt Collection Harassment by ACS
One of the main reasons that consumers often file complaints against debt collection companies like ACS is because of the harassment that they experience when trying to resolve their debts. As a third-party debt collection agency, ACS has every right to attempt to collect on the debt that you owe, but there are certain rules and boundaries that they cannot cross in order to remain within the bounds of the law.
Under the Fair Debt Collection Practices Act (FDCPA), debt collection agencies are not allowed to harass, intimidate, or abuse consumers. This can include threatening to have you arrested or imprisoned if you don’t pay what you owe; calling your home or workplace repeatedly, even after being told to stop; leaving voicemail messages that don’t identify the company name; and using profanity or other inappropriate language in calls with consumers.
You also have the right to dispute any debt that is placed on your credit report by a collections agency. This is something that you can do on your own or with the help of a credit repair company, such as Credit Sage. Having an expert on your side can ensure that you get the results that you want and need when it comes to clearing up inaccurate entries on your credit report.
How to Dispute a Debt With Advanced Capital Solutions
When disputing a debt with a credit reporting agency, it’s important that you do it in writing. The credit bureaus are required to investigate your claim and respond to you within 30 days of receiving your request.
Should I Pay Advanced Capital Solutions?
If you have a valid debt with Advanced Capital Solutions, then it would be in your best interest to pay the debt off so that it can be marked as paid on your credit report. This will improve your credit score by removing the negative marks that are associated with the delinquency. However, if you do decide to pay the debt, it’s important that you do so at an affordable rate so that you can afford to do so without going into further financial hardship. advanced capital solutions reviews