ASG Collection On Your Credit Report?

If you have recently pulled your credit report and noticed an entry labeled ASG Collection (or ASG Recovers) you are not alone in feeling confused. ASG Collection is a debt collection agency that a creditor may hire to collect on an outstanding debt. Naturally, this can be a troublesome finding to encounter.

We have you covered if you’re wondering how to remove this from your credit report. Here is everything you need to know about ASG Collection, why it is on your credit report, and how to regain financial confidence. 

What Is ASG Collection?

Firstly, let's break down what ASG Collection actually is. ASG stands for Account Solutions Group, a debt collection agency. They are based in New York.

When a person has an outstanding debt, ASG is assigned to collect it on behalf of the creditor. Alternatively, ASG buys debt from different creditors that have given up on trying to collect the amount themselves. This is commonly known as a chargeoff.

When ASG collects debt, it may be reported to the credit bureaus. Because of this, it will show up on your credit report marked as an ASG Collection. Suppose you are wondering why ASG collection is on your credit report in the first place. The answer is simple: a credit report reflects your creditworthiness, meaning if you have an unpaid debt of any kind, it will be reported. 

Moreover, lenders will report your payment history to credit bureaus when you borrow money or open a new account. This payment history is part of what's used to calculate your credit score, which is a numerical indication of how responsible you are with credit. This can be disconcerting since a collections account can stay on your credit report for up to seven years. 

This can, unfortunately, affect whether or not you are approved for financial assistance and future loans.

‍Who Does ASG Collect For?

ASG Recovers collects for various creditors, otherwise known as lending companies. This can include healthcare, insurance, banking companies, and more. These companies are constantly in flux, and ASG does not publicly share what companies they buy from.

Is ASG Collections Legitimate?

Yes, ASG is a legitimate company. If they contact you, rest assured that it is not a scam. This being said, some collection agencies may use intense tactics to get their message across. You may receive persistent spam calls, emails, and notices.

Companies such as these will relentlessly call in an attempt to collect a debt. The best way to respond is by contacting a credit repair agency that can assist you in removing the debt.

Scams and harassment are significant concerns, and knowing the difference between scams and legitimate companies can be daunting. Though ASG is legitimate, its online reputation is fraught. There are several customer complaints of harassing notices, incorrect debt information, and making false claims. 

To mitigate situations such as identity theft and phishing scams, here is the contact information for ASG Collections.

• Phone Number: (855) 223-9251
• Address: 1823 Pine Ave, Niagara Falls, NY 14301-2233
• Website: asgsolutionsllc.com

Should I Contact ASG Collections?

It makes sense that your first thought would be to contact ASG Collections. However, this is not the best plan of action. In addition, you may want to avoid paying the ASG debt right off the bat. Simply put, paying off the debt will not remove the collection from your records, but simply mark it as “paid.” Not to mention, the debt could be inaccurate. 

‍Removing ASG Collections From Your Credit Report

Unfortunately, having an outstanding debt that has been sent to collections can negatively impact your credit score. ASG Collections appears as a derogatory mark on credit reports, indicating to lenders that you have not been responsible with credit in the past. As previously mentioned, this makes it challenging to qualify for loans, credit cards, and apartments that require credit checks.

So, how can you remove ASG Collection from your credit report once and for all? The great news is that it is possible to remove it, but it will take some effort. 

Consumers can take these steps to face ASG Collections and companies like it with confidence: 

‍Verify the Debt 

Before removing the ASG collection from your credit report, you must ensure the debt is legitimate. Know your rights! You can absolutely contact ASG and request that they provide proof of the debt. 

This includes the original creditor's name, the amount owed, and the last payment date. 

Negotiate a Settlement

If the debt happens to be legitimate, the next step is negotiating a settlement with ASG. You can offer to pay a percentage of the total amount owed in exchange for ASG removing the collection from your credit report. 

Make sure to get any agreement in writing before making any payments. Customer reviews commonly report a lack of follow-through with negotiations. 

Dispute the Debt

If you firmly believe the debt is not legitimate, you can dispute it with ASG and the credit bureaus. Under the Fair Credit Reporting Act (FCRA), you have the right to deny any inaccuracies on your credit report. You may also dispute any inaccurate, false, or fraudulent information. 

ASG is legally obligated to investigate the dispute to prove the debt is legitimate. Luckily, the collections account will be removed from your credit report if they cannot provide proof.

Is Pay For Delete an Option?

You may think it is a good idea to pay ASG Collection to have credit bureaus delete the debt from your report. However, it is not the best idea. 

Paying any debt in collections will change the status on your credit report from ‘unpaid’ to ‘paid.’ Unfortunately, the collections account still remains on your credit report for seven years. Meaning this still will affect your credit score.

Wait It Out

Suppose you cannot negotiate a settlement or successfully dispute the debt. In that case, you may choose to wait for the collection to fall off your credit report. Ignoring the debt altogether is not recommended. We urge you to call our Credit Repair professionals at Credit Glory for support in devising the best plan of action. With us, you will feel confident in tackling these debt collection agencies with ease.

Remember that collections typically remain on your credit report for around seven years from the date of the first delinquency. However, the impact of the collection on your credit score will lessen over time.

What About Letters of Goodwill?

Typically, most collection agencies do not accept letters of goodwill, and ASG Collection is the same. In our experience, they do not accept these letters to remove collection accounts or chargeoffs.

Can I Get Sued?

It is not likely that this collection agency will choose to sue or garnish your wages. Sure, this could happen in rare cases, but it is definitely not the norm. 

By calling us over at Credit Glory, we can help you determine the probability of a lawsuit and take the necessary steps to remove this collection.

Remove ASG Collections Today!

Are you looking for a professional company to help you? Look no further. Here at Credit Glory, we can help you regain financial confidence. We can offer personalized solutions to mitigate your situation and restore your credit report. Reach out to us, our professional credit specialists are on standby ready to help you – you will not regret it.