How to Remove IC System From Your Credit Report: The Best 2021 Guide

How to Remove IC System From Your Credit Report: The Best 2021 Guide

But with the right tools and tips, you can easily take care of them and straighten out any debt and get your credit score adjusted correctly. 

how to remove ic system from your credit report

Probably one of the most annoying things you may encounter is collection agencies regularly calling and harassing you for you to pay a debt.

They are relentless and sometimes call at the wee hours of the night.

One such company that regularly collects debt as a third party collector is IC System.

But what can you do?

If your peace of mind and sanity are being affected by this constant barrage of calls, not to mention a negative impact on your credit score, then don’t worry.

Read on and find out how to remove IC system from your credit report.

You’ll be surprised how easy it is and how you will get the peace and quiet you deserve.

What is IC System?

IC System is a third-party collection agency.

They collect the debt owed by borrowers from companies that were not able to collect.

Typically, companies like the IC System buy the debt from companies at pennies to a dollar and make their money collecting over and above their initial cost.

When a debt is sold, this usually results in a charge off to your credit history which often impacts your credit score by at least 100 points and would appear on your record for about seven (7) years.

The company you owe money to writes off (or charges off) the debt and is left to third party companies like IC System to collect the balance.

IC System will by any means try to collect from you in any way possible and is not above doing devious tactics to get you to pay.

This is why it’s so important to investigate first before you even begin to pay that debt off (if at all, necessary).

Is IC System Legit?

IC System is just one of many third-party collection agencies.

It was first established back in 1938 by Jack and Ruth Erickson.

They found a model of business where they would buy the debt that is owed to other companies like credit card companies, phone services, and other private entities and collect on their behalf.

They continue to operate since that time and has made collecting money a science.

However, not every tactic they employ is completely legal and for them as long as they can collect more than what they paid for when they bought the debt, they are sure to make money from it. 

What Should I Do?

This is a great question. If you find yourself being harassed constantly, we’ll teach you how to remove IC System from your credit report so that you no longer have to deal with them again.

There are actually a few things that you can do to get that peace of mind which include:

  • Let IC System You Know Your Rights
  • Everything Should Be In Writing
  • Ask Them to Prove the Debt
  • Offer IC System a Deal
  • Hire a Professional to Remove the Charge Off

We’ll explore each on so that you can get prepared on how to remove IC System from your credit report.

Let IC System You Know Your Rights

how to remove ic system from your credit report

Remember that all debt collection agencies are subject to the Fair Debt Collection Practices Act.

This means that they cannot do anything that is outside of those laws and that includes harassing behavior.

This is why it’s so important to let IC System know that they cannot just behave whatever they like.

You should let them know you know your rights under the Act and repeat these several times during your conversation.

In many cases, this causes agents from the IC System to stop calling or at the very least treat you more respectfully. 

No one is allowed to treat you badly. 

Everything Should Be In Writing

When working on how to remove IC System from your credit report one thing you need to make sure is that everything should be in writing.

Whenever you receive calls, insist that they send all correspondences via mail instead of over the phone.

This allows for you to actually establish a written record of all your conversations and so that there is a paper trail.

It is quite easy for collection agencies like IC System to renege on any promises that they give you over the phone.

However, on paper, whatever promise they may make needs to be honored because it’s clearly written.

This allows for actual negotiations that will force the IC System to honor any agreements.

The Fair Debt Collection Practices Act forces any company like IC System to conduct themselves in an ethical way when collecting and so written letters will show a visible trail of how they have conducted themselves towards the charge off. 

Ask Them to Prove the Debt

how to remove ic system from your credit report

Another tip on how to remove IC System from your credit report is by asking the company to prove that you have a debt.

Because they are buying debt from other sources, often the details they have are missing or inaccurate. In some cases, the debt may not even be yours.

If you have any doubts that the debt isn’t yours, you should send a debt validation letter as soon as possible.

In the event that IC System is unable to validate the debt, the company would need to stop collection attempts right away as mandated by the law.

They will also need to remove the entry from your credit report and restore your credit history and credit score.

If IC System responds to the debt validation letter, double-check the documents they sent.

It is completely possible that even the data or proof they sent is not enough as proof that you owe money.

If you find any problems with the debt, you can bring it up to IC System and you can report it to the three credit bureaus: Experian, Equifax, and TransUnion.

They will then have thirty days to begin an investigation from the time of the report.

Offer IC System a Deal

Now if you find that the debt is really yours and IC System is able to prove this, it’s time to move forward and negotiate a deal with the IC System.

Since the company acquired your debt at often pennies to a dollar you owe, they will probably earn money with even just paying less than half of that debt.

Negotiate with IC System by offering to pay around 40% and move up as needed.

Also, when you do come to an agreement make sure to get an assurance in writing that they will remove your record from your credit report.

Once you get that assurance in writing, send in a check to make a payment and wait for them to remove the charge off from the credit report.

Check-in after 30 days and demand that they remove the report as soon as possible.

This tip will definitely help you on how to remove IC system from your credit report. 

Hire a Professional to Remove the Charge Off

In the case that you don’t want to deal with directly on how to remove IC System from your credit report, you can actually go and hire a professional.

A professional from a credit repair company won’t do anything that you cannot do yourself but they do have experience.

As they regularly handle issues like this and have likely worked with IC system more than once, you can easily leave it to them to take care of the charge off.

how to remove ic system from your credit report
Businessman and businesswoman make business deal. Concept business vector illustration.

Final Thoughts

IC System, like many other debt collection agencies, can be a hassle to deal with.

But with the right tools and tips, you can easily take care of them and straighten out any debt and get your credit score adjusted correctly. 

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Author: John Benares

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