What Is IC System On My Credit Report?
IC System is a debt collection agency. If you are seeing them on your credit report, it likely means they have purchased your debt from a creditor and are (or will be) attempting to collect it from you.
Is IC System A Debt Collection Agency?
Yes, IC System is a debt collection agency. They buy debt from a number of different creditors that no longer wish to attempt to collect the amount themselves (also known as a "charge-off").
IC System may attempt to reach out via mail or phone calls (demanding payment). The worst part is a collections account will now be seen on your credit report. This hurts your score, as well as reducing your chances of getting approved for a loan or other important financial event.
But it’s not all bad news! We may be able to help you with this account. Call us today to find out more.
Who Does IC System Collect For?
IC System purchases debt from a range of different creditors. The information isn’t always publicly available and is constantly changing, so it’s difficult to provide an accurate and up-to-date list.
Does IC System Hurt My Credit Score?
Yes, it is highly likely having IC System on your credit report is damaging your score significantly.
What To Do If IC System Is Reporting Inaccurate Information On Your Credit Report
If you discover incorrect information about IC System on your credit report, you have the right to dispute it. First, get a copy of your credit report from all three bureaus - Equifax, Experian and TransUnion. Carefully review and point out any wrong info.
Then file a dispute with each bureau that is displaying the inaccurate details. You can do this online or by mail, but make sure to provide sufficient supportive evidence like a letter from IC System confirming the error or proof of debt payment.
The credit bureau will investigate your dispute within 30-45 days and give their response. If they find the info is not accurate, they will delete it from your report. If not, it stays on there.
If you are having trouble going through this process yourself, contact a Credit Sage expert who can guide you through the process and help raise your credit score.
How to negotiate a settlement with IC System Collections Agency
Negotiating a settlement with IC System involves offering a lump sum payment in exchange for a reduction in the amount owed or the removal of the account from your credit report. To start, gather information about the debt and your financial situation, including your income and expenses. Then, contact IC System and propose a settlement offer based on your ability to pay. Be sure to get any agreement in writing and keep records of all communication. Consider enlisting the help of Credit Sage if you need assistance negotiating with IC System.
How Do I Remove IC System From My Credit Report?
To be eligible to remove IC System from your credit report, you typically need to meet the following requirements:
- Any information on the account is incorrect
- Any information on the account is error’d
- Any information on the account is fraudulent
- And is not (or cannot be) fixed in an appropriate amount of time
According to a study by the U.S. PIRGs, 79% of credit reports contain mistakes or serious errors. Going after these types of accounts for our clients is our specialty.
Should I Pay For Delete With IC System?
Paying off IC System to have credit bureaus delete it from your report sounds like a good idea. There's one major problem. Paying a debt in collections changes your credit report status from 'unpaid' to 'paid', but the collection remains on your report for 7 years (from the date of first delinquency). This means your credit is still damaged.
Should I Negotiate A Settlement With IC System?
Settling your debt with IC System could go both ways. It may help your score, but it may also hurt your score. Many variables impact the end result. There is a better path to a good result. Work with a company that is able to review these accounts for you (like Credit Sage), and if any issues with the account exist you may have it removed all together (and never have to hear from them again).
Is IC System Legit, Fake Or A Scam?
IC System is a legitimate company. They aren’t fake or trying to scam you. But it is likely they are spam calling you trying to collect a debt. One of the best ways to deal with this is to dispute and remove unvalidated debts.
Why Do IC System Keep Calling Me?
IC System continues to call and attempt to collect a debt. The best thing you can do is ignore their calls and speak with a company that can help you get it removed (like Credit Sage).
How To Get IC System To Stop Calling Me?
As we’ve mentioned above, IC System will be calling you to attempt to collect a debt. The best thing you can do to stop this is speak with a company that can help you get them removed from your credit report, like Credit Sage. Once they are off your credit report, you won’t have to hear from them again.
IC System Reviews And Complaints
IC System has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will IC System Try Suing Or Garnishing My Wages?
IC System suing would be a very unlikely situation. In rare cases it may happen, but it certainly isn’t the norm. State and federal laws place limits or 'exemptions' that apply to bank and wage garnishments.
We strongly recommend calling us, we’ll help determine the likelihood of a lawsuit, but also provide you next steps in getting this collection removed.
Does IC System Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, IC System does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With IC System?
You have the right to dispute any of your debt that IC System has purchased. IC System is governed by the Fair Debt Collection Practices Act (or FDCPA) and the Fair Credit Reporting Act (or FCRA). While these acts seem very complicated, they provide a great deal of power to the consumer if you know how to use it properly.
What Is IC System Phone Number?
You likely want to call Credit Sage before deciding whether or not to call IC System. The reason? You may not want to pay IC System debt, especially if it's inaccurate. Paying it off could hurt your score.
Get IC System Removed From Your Report, Today!
In most cases, we recommend speaking with a Credit Repair professional to analyze your credit report before you attempt to settle any debt. The main reason? Settling your debt may actually hurt your score.