How to remove AR Resources Inc. from your credit report
If you have a debt, perhaps a medical bill or a credit card bill, you may have heard of AR Resources, an accounts receivable management company that functions as a debt collector engaged by the creditor initial. To remind you of your financial obligation in every possible way, AR Resources must first open an account on your credit file through the credit reporting agencies.
Collection entries on your credit report hurt your credit score and affect it for up to seven years after you pay the debt. Potential lenders will use this information to determine your creditworthiness when administering loan and credit approval decisions. The best way to repair and prevent further damage to your credit is to remove the negative entry from your credit report as soon as possible.
What are AR Resources?
AR Resources, a US-based debt collection agency, was launched in Blue Bell, Pennsylvania in 2002, also with offices in Jacksonville, Florida. It is a legitimate company that provides various industries, including banking, healthcare, property management, and small businesses, with accounts receivable solutions, pre-collections programs, and emergency collections. for bad debts. The majority of its customers are healthcare providers and educational loan providers.
Since 2002, people have filed 625 complaints against AR Resources with the Consumer Financial Protection Bureau and 144 with the Better Business Bureau (BBB.org). These range from harassment to inaccurate reporting and failure to validate debts, all of which are violations of the Fair Debt Collection Practices Act. Several of the plaintiffs have also filed lawsuits against AR Resources in the state of Connecticut.
If you are the victim of unfair treatment by AR Resources, you can also file a complaint with the Federal Trade Commission.
Steps to remove AR resources from your credit report
If you want to stop AR Resources from contacting you and asking them to remove the collection from your credit report, follow these steps:
- Request a deletion of goodwill
- Request debt validation
- Make a pay-on-deletion agreement
- Hire a professional
Request a deletion of goodwill
If you have already paid off your debt balance, you may be able to obtain a goodwill removal from AR Resources. This process involves a debt collection agency agreeing to remove a negative entry from your credit report as an act of kindness. Securing a goodwill removal will likely work if you have already paid off the debt and have an otherwise clean credit report.
To request a goodwill removal, you can write a letter to AR Resources detailing your financial situation, disclosing what led to the late payments, and explaining why you want the entry removed. Common reasons for requesting a goodwill removal include applying for a mortgage or a new car.
Whatever the situation, you need to be honest and polite. Remember that AR Resources is doing you a favor if it decides to grant your request. They are more likely to do so if the tone of your letter is heartfelt and apologetic.
Request debt validation
Another way to remove a collection entry from your credit report is to identify inaccuracies in your credit report. You can do this by requesting debt validation from AR Resources. It is not uncommon for account information to be lost or misinterpreted when transferring from the original creditor to the debt collector. Sometimes the debt in question is not even yours.
If so, you can have the inaccurate entry removed from your credit report by submitting a debt validation letter to AR Resources within 30 days of their initial contact. You must then dispute the entry with all three major credit bureaus.
Once AR Resources responds with information about your debt, carefully review all documentation and look for discrepancies. If you spot any, follow up with the credit reporting agencies and file a dispute. This should be enough to remove the entry and you may not have to pay the debt.
Make a pay-on-deletion agreement
If you find no inaccuracies, the next step is to negotiate a payment for removal agreement. This means you agree to make payments on the debt, and AR Resources agrees to stop reporting the debt to major credit bureaus. Sometimes the debt collector is willing to pay less than the amount owed to get some of their money back. You can start with an offer to pay half the total amount and negotiate from there.
Once you have reached an appropriate agreement, ask AR Resources to send it to you in writing. Upon receipt, confirm that the agreement is correct. Then make your first payment as agreed. Check your credit report 30 days after making the payment to see if it still includes AR resources, and if so, contact them and remind them of your agreement.
Hire a professional
AR Resources is a badass. If you can’t get anywhere with the company on your own, consider working with a reputable credit repair company. These organizations can help you clean up your credit report and improve your credit score, saving you the trouble of dealing directly with debt collectors.
Contact details for AR Resources:
Address of headquarters :
- 1777 Sentry Pkwy W
- Blue Bell, Pennsylvania 19422
- Box 1056
- Blue Bell, Pennsylvania 19422
Dealing with AR Resources Inc.
Nobody likes dealing with debt collectors. But you need to deal with the situation quickly so the collection doesn’t damage your credit score for years. The best way to get your credit score back on track and get one step closer to achieving your financial goals is to remove AR resources from your credit report entirely. If you’re trying to rebuild your credit, check out our article on ways to improve your credit.