What Is Impact Receivables Management On My Credit Report?
Impact Receivables Management 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 Impact Receivables Management A Debt Collection Agency?
Yes, Impact Receivables Management 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").
Impact Receivables Management 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 Impact Receivables Management Collect For?
Impact Receivables Management 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 Impact Receivables Management Hurt My Credit Score?
Yes, it is highly likely having Impact Receivables Management on your credit report is damaging your score significantly.
Impact Receivables Management's Debt Collection Practices
If you've been contacted by Impact Receivables Management regarding a debt, it's important to be aware of their collection practices. They may use a variety of tactics like phone calls and letters in order to get the debt repaid.
You should also take note that as a consumer, you have certain rights when it comes to debt collection. The Fair Debt Collection Practices Act (FDCPA) outlines what debt collectors are and aren't allowed to do in attempting to collect a debt from you. For instance, they cannot harass you or use inappropriate language, nor can they misrepresent the amount of money owed.
If you believe that Impact Receivables Management has broken any of the FDCPA rules when attempting to collect your debt, then you have the right to dispute it and take legal action if necessary.
Impact Receivables Management's Impact on Your Future Financial Goals
Having a collections account from Impact Receivables Management on your credit report can have serious financial consequences. It can lower your credit score and make it more difficult to get approved for loans, credit cards, mortgages, or other important financial products. To address the issue, it's essential to take action as soon as possible in order to get the account removed from your report.
Working with a credit repair expert like Credit Sage can help you identify and dispute any inaccurate or unverified information that is included in the collection account on your report. Removing this type of incorrect information from your credit history can substantially improve your score and increase your chances of reaching all of your financial goals.
How Do I Remove Impact Receivables Management From My Credit Report?
To be eligible to remove Impact Receivables Management 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 Impact Receivables Management?
Paying off Impact Receivables Management 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 Impact Receivables Management?
Settling your debt with Impact Receivables Management 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 Impact Receivables Management Legit, Fake Or A Scam?
Impact Receivables Management 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 Impact Receivables Management Keep Calling Me?
Impact Receivables Management 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 Impact Receivables Management To Stop Calling Me?
As we’ve mentioned above, Impact Receivables Management 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.
Impact Receivables Management Reviews And Complaints
Impact Receivables Management has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Impact Receivables Management Try Suing Or Garnishing My Wages?
Impact Receivables Management 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 Impact Receivables Management Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Impact Receivables Management does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Impact Receivables Management?
You have the right to dispute any of your debt that Impact Receivables Management has purchased. Impact Receivables Management 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 Impact Receivables Management Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Impact Receivables Management. The reason? You may not want to pay Impact Receivables Management debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Impact Receivables Management 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.