4 Easy Steps to Remove IC Systems From Your Credit Report
By Amy Beardsley
Last updated 6/10/2019
Summary: Use these 4 strategies to remove IC Systems from your credit report and stop all of those harassing calls.
You already know a good credit report can unlock more opportunities in life. But what happens when a collection agency like IC Systems drops in to ruin an otherwise fabulous day?
If this happens, there’s just one thing to do:
You must take action. And fast.
Collections agencies account for 35% of your credit score, and the consequences of a poor credit rating only get worse the longer it stays on your record.
Because I wouldn’t want a collections agency on my credit report, I’m sure you don’t want it on yours either.Here’s how to clean up your credit report and kick IC System to the curb.
What is IC Systems Credit Collection Services?
IC System is an accounts receivable company.
They collect overdue accounts in a variety of industries, although the company focuses on unpaid balances for healthcare, dental, government, utilities, and communications.
If they’re showing up on your credit report, their name might confuse you.
While the actual name of the business is IC System, most people refer to them as IC Systems. This minor difference isn’t a big deal as long as you know it’s the same company.
How to Get IC Systems Off Your Credit Report Fast
1. The Debt Collection Loophole You Need to KnowIf IC System Collection Agency is contacting you, they must follow the rules of the Fair Debt Collection Practices Act (FDCPA). But the rules are lengthy and hard-to-read.
Here’s what you need to know.
First, the FDCPA requires credit collectors to prove you own the debt by sending you a letter that includes:
If you didn’t get a letter and IC Systems showed up on your credit report out of the blue, you need to send them a debt validation letter.
And a word of advice: Only contact them in writing and send everything by registered mail.
If they can't validate the debt to show you owe the money, it should come off your report within 30 days.
That way, you’ll have a paper trail and, since the FDCPA requires they send you the details of your debt within five days, using registered mail gives you a date to start from.
Plus, if the company is contacting you and you want to stop calls from IC Systems, the law requires them to stop when you request it in writing.
But here’s the best part…
If they can’t validate the debt to show you owe the money, it should come off your report within 30 days.
2. Tricks to Clean Up Your Credit Report Fast
Whether you owe the money IC Systems says you do or not, getting the collections stain off your credit report is possible.
The first option to get them off your credit report is the easiest since it has to do with the date of the overdue balance they’re reporting.
Why is this important?
Because negative marks can only stay on your credit record for up to seven years.
Although, bankruptcies are an exception to this rule. But even they can’t stick around for over ten years.
Send the your debt validation letter via certified mail with a return receipt request.
Assuming it hasn’t been more than seven years, let’s go back to your debt validation letter.
Did they respond to your request?
If they didn’t respond, or if they can’t prove the debt is accurate and belongs to you, it’s considered an error.
And when it’s an error, all you have to do is submit a dispute - in writing - to each of the three credit reporting agencies: Equifax, Experian, and TransUnion.
Credit Reporting Bureau Mailing Addresses:
P.O. Box 740256
Atlanta, GA 30374-0256
P.O. Box 9701, Allen, TX 75013
P.O. Box 2000
Chester, PA 19016-2000
Then, according to the laws under the Fair Credit Reporting Act(PDF), the credit reporting agency must remove any wrong or unverifiable information.
How cool is that?
Also, know that your credit score might take a hit when you dispute an error, but it usually bounces back.
Better Credit in 90 Days!
Open the door to better credit with our "90 Day Credit Sprint." Learn the exact steps to increase your credit score 50 to 100 points in 90 days!
3. Stand Your Ground if You Make a Deal
Did you know creditors don’t have to send information to credit agencies?
This means you could negotiate with IC Systems to remove the debt from your record in exchange for your payment, even if you set up a payment plan with them.
And you know what else?
According to U.S. News & World Report, collections agencies will often settle for 40 to 60 percent of the balance due.
Keep in mind that any deals you make with them must be in writing.
Also, your agreement should include that they’ll consider your debt as “paid in full” even if they require you to pay only a portion of what you owe.
4. Consider Getting Help from the Pros
While you can negotiate on your own, it can be difficult.
If you get stuck on any part of this process, or if you’re not up for the challenge of dealing with this issue yourself, you’ll want to consider getting help from a credit expert.
If that sounds like you, The Credit Pros are an excellent company. They handle collections agencies like IC Systems every day and will have no trouble whipping your credit report into shape.
Jumping through hoops to get your credit report spick-and-span isn’t always easy.
Just remember to always communicate with IC Systems in writing.
Otherwise, the representative you speak with could go back on the terms you discussed, and you won’t have any solid proof to fall back on.
Whether you got a letter in the mail, want to stop calls from them, or if it popped up on your record, you have options.
And imagine how much better you’ll feel with this removed from your credit report!
By Amy Beardsley
Amy is a personal finance expert and freelance writer and owner of Early Morning Money, She has bachelor degrees in business administration and legal studies, and her work has been featured on The Huffington Post, Money Tips, and many other personal finance publications.