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Does IC Systems appear on your credit report? Or is IC Collection Agency constantly bombarding your phone with calls and sending you letters to your home?
Do not worry, you are not alone. Across the United States, IC Systems, Inc is appearing on thousands of credit reports. Unfortunately, it is never good when a collections account randomly appears on your credit report.
If you are like me, then you want to protect your credit score at all costs. Keep reading to find out how to remove IC System from your credit report and put an end to these harassing calls.
Our guidance is used by thousands of hardworking Americans each month.
What is IC Systems on my Credit Report?
IC Systems appears on your credit report as a “collections account.” This means IC Systems is claiming you owe them money (debt).
Unfortunately, a collections account can remain on your credit report for up to 7-years. This will have immediate damage on your credit score, hurting your chances of applying for a credit card or loan.
You need to take action immediately to remove this negative item.
What is IC Systems? Are they a Scam?
I.C. Systems, Inc is one of the largest and most well-respected debt collection agencies in the United States. Headquartered in St. Paul, Minnesota, IC Systems has over 1,200 employees and annual revenue that exceeds $350 million.
Since 1938, IC Systems has transformed from a small business to a sizeable billion-dollar business conglomerate that specializes in collecting debt on behalf of their clients. This means companies in various industries pay IC Systems, Inc a fee to collect a debt from their customers.
So, if IC System is calling you and claiming you owe them money, then it is best to not push them off to the side. But instead, get ahead of the curve and see what your options are for removing a collection account from your credit report.
On your credit report, IC System may appear as:
- IC System Inc
- IC System Collection Agency
- IC System
- IC System Verizon
- IC Sys
As you can see, IC Systems is not a scam, but rather, one of the most powerful debt collectors in the United States.
Is IC System a Legitimate Company?
I.C. System is one of the most legit and elite debt collection agencies in the United States. They tout a coveted “A+” rating from the Better Business Bureau, which is hard to come by.
Additionally, IC System is trusted and endorsed by 450+ professional and trade association/societies. This is a debt collection agency that streamlines the collection process, provides value to their clients and is efficient at collectin g debt from consumers like you.
It is never a good sign if IC System is contacting you because they are ethical, legit, and implement debt collection best practices. If you want to save your credit score, then please pay attention as we walk you through the steps of removing IC System from your credit report.
How to Remove IC System from Your Credit Report (4 Easy Ways)
The moment we have all been waiting for. Here is how you can and will remove a negative item (IC Systems, Inc) from your credit report.
1. Hire a Professional
If you are anything like me, then you want to remove IC Systems from your credit report quickly, safely, and efficiently.
The best way to do this is by hiring a credit repair company. With years of experience, the best credit repair companies can successfully remove negative items from your credit report, file disputes with all three credit bureaus, and help you rebuild your credit from scratch.
With their expertise and insight, your situation with IC System will be resolved in no time. In fact, companies like Credit Saint, have removed IC System, Inc from thousands of consumer credit reports. It is their bread and butter.
So, if you want to remain hands-off and let a professional handle the situation, then hire a credit repair company immediately. This is the best course of action and a sure shot way to remove I.C. System from your credit report.
>> More:Credit Saint Review
2. Verify Your Debt
Did you know 1 in 5 consumers have an error on their credit report? Whether you IC System money or not, you need to verify that the debt is yours. Who knows, maybe they made a mistake and reported the wrong information.
To do this, you need to request debt validation with IC Systems. Write them a debt validation letter and send it via certified mail and ask for a return receipt. This ensures the letter gets to IC Systems Inc and they review it.
However, this strategy is time-sensitive. You can only request debt validation within 30-days after the first contact. If 30-days has passed, then you need to try another strategy to remove IC System from your credit report.
If IC System verifies that the debt is yours, then you owe them money. But if they cannot confirm the debt then by law, they must contact all three credit bureaus and remove the collection account.
Fret not, if you do in fact owe IC System money, then pay them and hire a credit repair company. A credit repair specialist can still remove the negative item, which will improve your credit score.
3. Negotiate a Pay for Delete
If the debt is yours, then the next thing you can do is negotiate a pay-for-delete with IC System Collection Agency.
Like most debt collection agencies, IC Systems may have bought your debt for pennies on the dollar. If you offer a payment that is more than what they purchased your debt for, then they may be willing to negotiate a settlement.
Even in this outcome, IC System will still turn a profit on your settlement. Send IC System a letter with your offer in certified mail. We recommend you offer 50% of the total debt. If they agree then great. Draft up a contract and make sure both parties’ sign it.
After all, the most important thing to do is to remove IC System from your credit report. So, if they do not agree to remove the collection account, then do not send them money. It is that simple.
Make sure to check in with all three credit bureaus monthly. Do not stop until the negative item is successfully removed. Send the credit bureaus a copy of the pay-for-delete agreement.
4. Goodwill Deletion Letter
I will be upfront about this last strategy. A goodwill deletion is rare and is rarely granted. However, it is still a legit way to remove IC System from your credit report.
A goodwill deletion is just like it sounds. IC System will remove the collection account from your credit report out of their own “goodwill.”
To do this, send IC System a goodwill letter. In your letter, include why you are not able to make the payment or why you were late in paying.
Some consumers include a hardship they recently faced, such as an unexpected job layoff or family emergency. If you elect to include a hardship, make sure it is honest, because IC System may ask for supporting documentation.
Debt collectors are good at sniffing out a lie, so do not even try. Save yourself the time and hassle. Remember, it is entirely up to IC System whether they want to honor the goodwill deletion or not.
If you are dead set on removing IC System from your credit report, then hire a credit repair company. They will take this matter into their own hands and will remove the negative item quickly.
Tips for Dealing with IC Systems Debt Collection
Dealing with IC Systems is never fun. It is scary, stressful, and intimidating. They are a debt collection agency that pulls in north of $350 million per year. IC Systems has ample resources to collect a consumer debt.
Do Not Provide Personal Financial Information
Most people make this mistake when dealing with IC Systems. They provide credit card or bank account information. This is the last thing you should do.
If you are going to pay IC Systems, make sure you pay them with either cash or write them a check. Never give away your financial information to a debt collector.
Get Everything in Writing
As we alluded to earlier in this article, make sure all correspondence is done in writing and via certified mail.
This leaves a “paper trail,” which protects you in case you need to escalate your issue to the CFPB or civil court.
Know Your Rights
If IC Systems Inc is claiming you owe them money, familiarize yourself with the Fair Credit Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).
Both acts were signed into law to protect consumers from debt collectors and their intimidating collection practices.
As stated in the FDCPA, debt collectors CANNOT:
- Keep calling you if you tell them to stop
- Use Profane Language
- Call you before 8 AM or after 9 PM
- Make false claims
- Misrepresent Information
- Dent debt validation requests if it is within 30-days after the first contact
- Utilize intimidating tactics.
Debt collectors hate it when consumers know their rights. It severely restricts their ability to collect the debt.
>> More: How to Fix Your Credit Score
Seek Credit Expert’s for Insight
Let’s be real. You are not a credit expert. The best thing to do when dealing with IC Systems is to hire a credit repair company. We said it earlier, but they bring years of experience to the table and know how to remove IC Systems from your credit report.
IC Systems Contact Information
- Mailing Address: 444 Highway 96E St. Paul, Minnesota, 55127
- Phone Number: 1-800-443-4123
Pro Tip: Make sure you contact IC Systems through the mail. Avoid talking to them over the phone.
IC Systems Consumer Complaints: What You Need to Know
To date, IC Systems has over 3,400+ complaints filed with the Consumer Financial Protection Bureau (CFPB) and another 550+ filed with the Better Business Bureau (BBB).
For a business that touts their customer experience and business practices, this is not a good look. Consumers have complained about their inability to validate debt, inaccurate reporting, and harassing calls.
These complaints validate our belief that the best strategy to remove IC Systems from your credit report is by hiring a credit repair company.
They will ensure all reporting is accurate, your rights are protected, and will put an end to the harassing calls.
Frequently Asked Questions
Can You Remove an IC Systems Collection Account?
Yes, you can remove an IC System collection account from your credit report. However, it will take persistence, effort, and unwavering commitment.
It is never fun removing a collection account from your credit report unless you work with a credit repair company. Whether you request debt validation, negotiate a settlement, or ask for a goodwill deletion, it will require work on your end.
You need to act immediately to save your credit score and to protect your personal finances.
Does IC Systems do Pay for Delete?
Whether or not IC System negotiates a pay-for-delete is entirely up to them. If they bought your debt from a third party, then they may be willing to negotiate a pay-for-delete.
However, if IC System was hired by a third-party to collect debt on their behalf, then they will not do a pay-for-delete because they need to provide maximum value (profits) to their clients.
Traditionally, IC System is hired by a third-party to collect a debt, which means they only get paid if they get you to pay off your debt. This commission-based model is what hurts the chances for pay-for-deletes.
Will IC Systems File a Lawsuit or Sue Me?
In the United States, debt collectors can file a lawsuit or sue individuals in civil court for not pay them. But this statement only holds if the debt is yours and if the statute of limitations has not expired.
While each state is different, most statutes of limitations fall within the 3 – 6-year timeframe. So, if your statute of limitations has expired, then a debt collector cannot sue you or bring forth a lawsuit. However, this does not mean you do not have to pay them. You still do.
And this does not mean that they must remove the negative item from your credit report. Statute of limitations only applies to civil court litigation.
Again, if you are facing any sort of legal troubles, the best thing to do is to hire a credit repair company. They will protect your rights and make sure the debt collection agencies stay within their legal boundaries.
Who Does IC Systems Collect Debt for?
As arguably the largest debt collection agency in America, IC Systems collects debt for a diverse set of industries.
Industries IC Systems collects debt for:
- Small Businesses
- Healthcare providers
- Dental Providers
- Government Agencies
- Financial Institutions
- Utility Companies
- Retail
- Telecom Providers
- Education Institutions
- Rental
- Law Firms
- Veterinary Medicine
- Chiropractic
- Pest Control
- Optometry
- Large Hospitals
Wow. That is a lot. IC Systems collects debt for some of the largest corporations in the world.
Bottom Line: IC Systems Debt Collection
The biggest takeaway from this article about how to remove IC Systems from your credit report is that you must act quickly.
The longer a collection stays on your credit, the worst it is. A low credit score can hurt your chances of opening a bad credit checking account, refinancing your loans, and even seeking employment.
