[caption id="attachment_2858" align="alignleft" width="160"] If you have amsher collection services debts on your credit reports you score can be seriously negatively impacted. Luckily, there are steps you can take to reverse the damage.[/caption]
Amsher Collection Services is just one of the many debt collection companies out there that specialize in turning your financial problems to their advantage.
They will buy your bad debts from the original lenders for pennies on the dollar, then turn around and aggressively seek repayment in full from you. If they succeed, they will turn a profit. Debt collectors work on commission, so naturally they are very motivated to turn as large a profit as possible.
The more you resist, the more aggressive they will get, since they don't get paid until you start paying off your debt.
Amsher Collection Services, which is headquartered in Birmingham, Alabama, is definitely not the worst debt collector out there. They've even been given a good rating by the Better Business Bureau.
However, due to the nature of the business there have still been a number of complaints against them. The most common complaints include unresponsive staff and invalid debts.
If you have a debt go into default with a credit card company, a medical clinic, a cell phone provider, a bank, or any other lender, it's only a matter of time before it gets sold to a debt collector.
When that happens, the debt collector will send you an initial notice detailing the amount you owe, plus any fees and interest, and naming the original lender. It is very important that you take action as soon as you receive this notice.
The first thing you must do is initiate a debt dispute by sending a debt dispute letter within 30 days of receiving the debt collector's first notice.
The debt dispute process forces the debt collector to produce proof that you owe the amount in question. If they can't prove it, you will not be expected to pay.
Initiating a debt dispute is especially important if you believe that the debt in question is invalid or inaccurate for some reason.
Reasons a debt might be invalid:
-It does not belong to you. Believe it or not, there have been plenty of cases of a debt collector pursuing a consumer for a debt that belonged to someone else.
This is most glaringly obvious in the cases in which the original debt came from a store or company that the consumer had never had any interactions with in the first place. This could be the result of identity theft, or simply a mistake on the debt collector's part.
-It was discharged in a bankruptcy. Bankruptcy has its own financial and credit consequences, but part of the deal is that all debts are cleared.
-It is too old. A statute of limitations applies to most kinds of debts. Once the statute of limitations has expired, it is illegal for anyone to attempt to collect on that debt. The time frame for the statute of limitations varies by state.
-It has already been paid. An error in the original creditor's records could result in a paid debt getting sold to a debt collector.
Even if you know that you owe the debt in question, it is still a good idea to initiate a debt dispute. The reason is that it will buy you a little time and space to formulate a plan of action without the debt collector breathing down your neck.
Under the Fair Debt Collection Practices Act, once you've filed a debt dispute, the debt collector may not contact you again until they have produced proper proof that you owe the debt. Plus, they cannot report the debt to the credit bureaus during this period either.
The Fair Debt Collection Practices Act contains other important consumer protections as well. For example:
-It forbids debt collectors to call you before 8 am or after 9 pm.
-It forbids them to call you for the sole purpose of harassment.
-It provides the right to send a cease and desist letter to the debt collector agency, which will prevent them from contacting you further.
-It protects you from groundless threats of legal action.
When dealing with debt collectors, it is a good idea to keep a log of all your interactions, so that you will have a record of any violations of the Fair Debt Collection Practices Act.