AmSher Collection Services is an independent debt collector, located in Birmingham, Alabama. They’re a third party collection agency that’s either purchased the rights to your collection account, or is working on a consignment deal with the original creditor.
AmSher Collection Services will collect on a variety of types of accounts including: T-Mobile cellular phone service, government, medical bill collections, and more types. The purpose of this article is to explain exactly what they’ll do, along with how to fight this aggressive debt collector and protect your rights.
AmSher Collection Services
600 Beacon Parkway West, Suite 300
Birmingham, AL 35209
Phone number: 1-800-955-7632
How To Fight AmSher Collections
1. Collection Process
The debt collection process is far from consumer friendly. Beyond the harassing phone calls, threatening letters, AmSher will also report negative information on your credit reports. This will of course damage and lower your credit score.
Moreover, if they’re unsuccessful collecting payment from you, they’ll sell your account to yet another debt collector who will begin contacting you, along with reporting more negative information on your credit reports. The frequent result of ignoring debt collections is to be sued by a collection agency.
Yes, they’ll file a civil lawsuit against you for repayment. This can result in a credit judgement which will demolish your credit score, further depending upon your state of residence you may have your wages garnished for repayment. It’s mission critical that you address this issue and head on.
2. Statute of Limitations
The statute of limitations is a time window for which you’re legally responsible for repayment of a debt. This applies to the vast majority of types of consumer debt, with few exceptions. Once this time window expires, then you’re no longer legally responsible and the debt is forgiven.
Generally speaking, this time period is seven years from the first date of delinquency. It will depend upon your state of residence, so please check your local listings. One of the snarky collection tactics is for debt collectors to re-age consumer accounts. This enables them to continue contacting you for payment and reporting negative items on your credit report.
3. Account Validation
This is the most powerful way to fight AmSher collections and requesting account validation is your right, granted by the Fair Debt Collection Practices Act (FDCPA). This should be done in writing and using certified mail, so you’ll have evidence of your request.
AmSher Collection Services will have to respond by providing you with the documents, that prove they’re the legal owner and have the collection rights on your account. If they don’t validate your debt then you’re no longer legally responsible. Further, they’re supposed to notify the credit bureaus to have them remove collections from credit report files, regarding this account.
If your account is validated and it’s within the statute of limitations, then you’ll need to negotiate a settlement agreement. We’ll discuss that in detail momentarily, but please avoid just paying AmSher Collection Services.
Many consumers falsely believe that by paying debt collectors, this is how to improve your credit score. The unavoidable truth is many folks see a drop in their credit score when they pay old debts. This is because that paid collection on your credit report appears to be recent activity, instead of financial responsibility.
4. Credit Bureau Dispute
You’ll need to file a credit bureau dispute to remove AmSher Collection Services and any negative information they’ve reported about you to the credit bureaus. It’s your right to dispute and challenge any item on your credit report, and this is protected by the Fair Credit Reporting Act (FCRA).
You can file your dispute online, over the phone, and by mail. Once the credit bureaus receive your dispute and find it valid, then they’ll investigate the item by contacting the creditor that’s reporting the negative item and requesting verification of the account.
According to the FCRA, any item that can’t be verified must be removed from your credit report. It’s essential to clear credit report errors, questionable items, and derogatory information because this is what’s dragging your credit score down.
5. Settlement Agreement
If you’ve exercised your rights and this account is legit, then you’ll need to negotiate a settlement agreement with AmSher Collection Services. There are two things to note, the first is to always negotiate to pay less than the total balance they’re contacting you about.
They’ll be happy to accept a payment for less and this is because they’ve purchased the rights to your account for just pennies on the dollar. Often you’ll be able to settle your account in the ballpark of 10% to 40% of the balance. For instance, with a $300 debt, you’ll likely be able to settle the account for just $60. The older your account is, the less you should need to pay.
As part of your settlement agreement, you must get AmSher Collection Services to agree to stop reporting your account information to the credit bureaus. This way when you make your settlement payment, you can then file a credit bureau dispute. This time when the bureaus investigate the item and contact AmSher Collection Services to verify the account, it won’t be, as per your settlement agreement.
Therefore the credit bureaus will have to go about getting collections removed from credit report files, concerning this account. If you neglect this part of the agreement, then upon making your payment the only thing that will change will be the status of the collections on credit report files.
It will change to a paid collection and this is not a positive credit building item. Moreover, the credit scoring algorithm will frequently view this as recent activity and you’ll see your credit score drop, rather than improve.
You’ll have to become an avid student in the credit and debt laws to protect your rights when dealing with debt collectors, and even the credit bureaus. All the laws have been passed to protect you and ever average consumer.
They’re not there to protect the collection agencies. In fact, the Federal Trade Commission regularly issues fines to the debt collection industry for violating consumer rights and the FDCPA.
When all is said and done, your credit score is much like your Grade Point Average (GPA) in school days past. It matters not if you’re acing all your courses, if you’re failing Gym class. This one negative mark is going to mess up your overall GPA.
This principle also applies to your credit score. This is why it’s so essential to clean up credit report dings, blemishes, and remove any negative items. We encourage our members to consider professional, legitimate, and legal credit cleaning services to help.
Because in 2016 alone, over 9 million negative items were removed from consumer’s credit reports. One of the best firms is The Credit Pros. They’ve helped client’s successfully remove collections, late payments, charge offs, judgements, liens, and many more negative credit report items.
Get a free credit consultation with a certified FICO professional by calling toll-free 1-877-418-7596. And for more tips, techniques, and strategies about how to fix my credit score with Dan Willis, sign up for our free newsletter and join our congregation.
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