Understanding American Coradius International LLC and How It Affects Your Credit

Has a collection from American Coradius International LLC appeared on your credit report recently? 

If you are wondering what this collection means and what American Coradius International is — you have come to the right place! 

Here is what you need to know about a collection from American Coradius International. 

What Is American Coradius International LLC?

American Coradius International is a debt collection service that collects significantly past-due payments owed to other businesses by customers. Debt collectors frequently work with businesses such as

• Universities
• Banks
• Health care providers
• Utility companies
• Credit card issues
• Phone/telecom companies

If you receive a call from American Coradius International LLC, you likely owe them money. A debt collector has just one goal in mind when they approach you: to get you to pay up.

Unfortunately, until you pay the amount, establish that it does not belong to you, or strike a deal with them, American Coradius International agents will continue to try to contact you.

Is American Coradius International Legit?

Although American Coradius International is unlikely to be a hoax, be wary of con artists who appear as legitimate debt collectors. If someone claims to be an employee of American Coradius International, do not immediately send them any money.

When American Coradius International initially contacted you, they should have issued you a debt validation letter verifying that you owe the amount, as required by law. If they didn’t, that’s a major red flag.

Furthermore, even if American Coradius International LLC is legitimate, it may engage in unethical behavior. Many debt collectors chase debts using extremely harsh techniques. It’s critical to understand your rights if American Coradius International calls you.

Can American Coradius International Hurt Your Credit Score?

In a simple answer — yes, it does. 

American Coradius International LLC is almost certainly harming your credit score. Debts in collection leave marks on your credit reports known as “collection accounts,” which credit scoring organizations (FICO and VantageScore) use to calculate your scores.

Unpaid collections are strongly penalized by every credit scoring system. In some of the most common models (most notably FICO Score 8), collections continue to harm your score even after you fully pay them off.

Can You Make American Coradius International Stop Calling You?

You may get American Coradius International LLC to refrain from calling you—at least momentarily – by sending them a debt verification letter, which is a legal request requiring a debt collector to give further proof of a debt. You have 30 days from when they first contact you to send it.

If your debt is very old, there may be a more permanent way to get American Coradius International LLC to stop bothering you. Suppose your debt has reached the end of its statute of limitations and has become time-barred. In that case, you may simply write a letter instructing American Coradius International LLC not to approach you again. They’ll have to comply with your request legally.

If your debt is older, this isn’t a smart option since it may force American Coradius International to file a lawsuit that they wouldn’t have done otherwise, and if they win, they may be able to garnish your earnings.

Avoid ignoring collection agencies like American Coradius International at all costs. They’re more inclined to escalate things if they don’t hear from you at all. It’s better to connect with them strategically to avoid paying or getting the greatest bargain possible.

Know Your Rights

In the United States, there are tight limitations on what a debt collector may and cannot do. The Fair Debt Collection Practices Act, for example, prohibits the employment of abusive or fraudulent debt collection practices. Furthermore, the FDCPA gives you several rights to guarantee that collection companies do not exploit you.

American Coradius International must follow the rules set out in the Fair Debt Collection Practices Act while seeking to collect money from you. This federal regulation prohibits debt collectors from harassing or exploiting you, such as lying to you or phoning you at unreasonably late hours.

The Telephone Consumer Protection Act also requires American Coradius International representatives to observe the guidelines. It’s a good idea to learn about these laws so you can take legal action against American Coradius International if they break them.

You can report a debt collector to the Federal Trade Commission, the Consumer Financial Protection Bureau, or your state attorney general if they violate your rights.

Final Word

The debt collecting service American Coradius International collects extremely overdue loans that lenders have charged off, transferred, or sold.

Although American Coradius International is unlikely to be a scam, you should always verify your obligations and make payments only once you’re certain they’re authentic.

Underneath the Fair Debt Collection Practices Act, debt collectors are prohibited from harassing you. You may sue for harassment, and if you win, you won’t have to pay any legal expenses.

There are various options for getting American Coradius International debt off your credit record, but you should see a credit restoration specialist if none of them work.

Speaking with a collection agency over the phone will yield no positive results. Paying on the collection account will also reset the clock. As a result, it may exacerbate it rather than improve your credit. Of course, there are situations when it is preferable just to pay the collection account, particularly if it is new and you are confident that it is legitimate.

Working with a professional credit repair firm is the best approach to tackle this. They have removed millions of bad things from firms like American Coradius International, LLC for millions of clients nationwide.

Lexington Law specializes in ACI collection disputes. They have over 18 years of experience and have successfully deleted over 7 million bad things for their clients in only 2020.

We strongly suggest Lexington Law if you’re searching for a reliable organization to help you with collecting accounts and credit repair.