If you find ARM Solutions on your credit report and you cannot reckon how it got there, or if you are bemused as to whether it should be there at all, relax. After all, you are not alone. Seeing different accounts by different debt collectors—one example is an entry from ARM Solutions—showing up on your credit report remains a major cause of concern. However, there are a couple of ways to remove them from your credit report.
At CreditSage, we take care of the entire dispute process on behalf of clients, making sure that all errors and inaccuracies are well-handled. Below, we will discuss how you can erase ARM Solutions entries from your credit report especially if you believe that they are either inaccurate, untimely, or unproven.
Know ARM Solutions and How They Affect Your Credit Report
ARM Solutions is independent debt collection services that help recover overdue debts on behalf of creditors. If you have ever defaulted on a payment of a credit account or loan, or if you have fallen behind on your payment, ARM Solutions may have been retained to help recover that money. This can mean bad news when debts are charged off and sent to the credit bureaus that appear on a credit report as an account in collections. When ARM Solutions reports an account, that account is flagged as a collection account, and there will be an accompanying downward pull on your credit report. Should it not be satisfied or removed, the account may even show up as delinquent, which yet again takes a toll on your credit score.
It's crucial to understand that despite ARM Solutions reporting this information, it does not mean the report is, in fact, accurate, nor that you should simply accept it as true. Many individuals find that their credit reports contain errors or outdated information. ARM Solutions could erroneously appear on your report, wrongfully accompanying another person's name or debt. Reviewing your credit report very thoroughly is crucial because you want to be certain that the entries are accurate. If ARM Solutions is listed erroneously or if you suspect the debt is incorrect or invalid, you have the right to dispute it.
How Do You Obtain Your Credit Report
The first step in getting ARM Solutions or any other collection agency removed from your credit report is obtaining a copy of your credit report. As a citizen of the United States, you are entitled to one report per year, free of charge, from each of the three major credit bureaus: Experian, Equifax, and TransUnion. You can either request these reports directly from the credit bureaus' websites or through AnnualCreditReport.com, which is authorized by the Federal Trade Commission.
While reviewing your credit report, look specifically for general collections accounts being processed by ARM Solutions. Also, be on the lookout for relevant particulars of the account: when the debt was incurred, the amount owed, and whether the account is marked as paid, settled, or disputed. This way, you'd be looking to find out whether ARM Solutions has reported your debt correctly, if there are any discrepancies, and you may begin contesting it on them.
At CreditSage, we help you in obtaining and reviewing your credit reports for you to spot any inaccuracies or errors that need to be disputed. We will act on your behalf until we make sure that any errors or out-of-date information has been warred upon because that way, you can concentrate on the matter of improving your credit health.
Disputing ARM Solutions on Your Credit Report
After scrutinizing your credit report for the ARM Solutions account, the next step is to carry out a dispute against the entry if you suspect unreasonableness, obsolescence, or ineffectiveness. There are a couple of ways to pursue this, but you need to know that the dispute can be placed directly with the credit bureaus and with ARM Solutions as well.
The first step entails filing a dispute with each of the bureaus that report the ARM Solutions account so as to push them to launch investigations into the matter. The dispute may be lodged online, via telephone, or sent as a formal letter of dispute. The credit bureaus will have 30 days from the day the dispute is received to respond to the reporting offices and conduct their investigations. Attach any receipts, communication, or related documents you have to prove that this debt is either erroneous or invalid.
Another option is disputing the account with ARM Solutions directly. Write ARM Solutions a dispute letter requesting that they verify the debt they are reporting to the credit bureaus. If they cannot prove that the debt is yours or that it's being reported accurately, they are required by law to pull that account off your credit report.
At CreditSage, we will manage the entire dispute process for you, ensuring all actions are taken, and we will work with the credit bureaus and ARM Solutions to resolve this efficiently.
Working with ARM Solutions to Resolve the Debt
If you happen to remember that you indeed have a valid debt against you that might have gone out to ARM Solutions, and that you want to act to make the issue go away just so it can be removed from your credit report, you might want to think about negotiating a settlement with the collection agency. In a rare case, ARM Solutions can be very lenient and accept partial payment as full satisfaction of your debt, and, in exchange, agree to vacate the account on your credit report. Settling a debt through ARM Solutions can be an option for people who are unable to pay it off but wish to have the collection account removed.
However, it is very important that you get everything in writing before making any payment. If ARM Solutions agrees to remove the account upon settlement, then this needs to be distinctly stated in the actual settlement agreement before you send your payment. What you should do is to consider whether the account is nearing the end of its existence in your credit report. Generally, collection accounts may last on your credit report because they are seven years counted from the time an account was first placed in delinquency.
In other circumstances, it might just be worth waiting for the account to fall off naturally if you can't settle. CreditSage can even negotiate on your behalf with ARM Solutions to ensure that any settlement agreement is fair and that the terms within it reflect what you are comfortable with. This process will guide you on how to succeed and make the best decision.
Monitoring Your Credit to Ensure that ARM Solutions is Removed
Finally, after you have challenged the entry or settled matters with ARM Solutions, you need to monitor your credit report to make sure that your collection account has been removed. The credit bureaus must update your report to conform to the results of your dispute or settlement, and it is your responsibility to monitor the changes so that ARM Solutions is no longer listed. You can request updated credit reports to verify that the ARM Solutions account is removed, or you may enroll in a credit monitoring service that sends you notifications whenever there are changes to your credit report. This'll help in tracking any other issues that may pop up.
In case ARM Solutions is still showing up on your report even after the dispute/settlement processes, you may need to follow up with credit bureaus or reach out to ARM Solutions directly. Sometimes it can take a little longer to reflect the updates, but it'll really help to be persistent.
At CreditSage, credit monitoring service is included as part of our full credit repair service. We'll keep an eye on your credit report for any changes and ensure ARM Solutions is removed timely.
Take Charge of Your Credit Report
Removing ARM Solutions from your credit report can prove vital for your credit health. One should take necessary steps to address the errors on a credit report, whether it be a dispute over an inaccuracy listing or a negotiation of a settlement or ensuring the removal of the collection account.
Upon following the steps mentioned above and consulting CreditSage among other professionals, you can determine and correct any inaccuracies so your credit report reflects your true financial history. CreditSage handles all of the dispute process for you, freeing you to focus on rebuilding your credit health without unnecessary stress from debt collectors.
If you are willing to take charge of your credit report and remove ARM Solutions or other inaccuracies, do not hesitate to contact CreditSage. Let our team help you start off with the process of getting your credit cleaned up.