IC System, Inc. is a family-run debt collection agency based in St. Paul, Minnesota. IC System focuses on many different types of debt, including medical bills, utility bills, and government debts. If it appears on your credit report, it means that you owe this company money.
Collection agencies are companies used by creditors to recover funds that are past due. A creditor will often turn to aid from a collection agency after the creditor fails to collect the receivables from the client.
When a borrower decides to default on their debts or when they fail to make loan payments, the creditor reports it to the credit bureaus. As a result of that, the borrower’s credit history is at risk of being harmed and their debt will be turned over to a collection agency.
IC System has received many consumer complaints claiming Fair Debt Collection Practices Act (FDCPA) violations. Some even have accused IC System of making false statements or representations in pursuit of debt collection.
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Is IC System a Real Company?
IC System is not a scam and is an authorized debt collection agency. IC System, Inc. purchases packages of debt from other businesses and moves forward to collect that debt from consumers.
If you find yourself in this situation where IC System, Inc. has contacted you, it is important that you learn your rights and what to do next.
What Should I Do if IC System Contacts Me?
The first step is to determine whether the contact attempts made by IC System violate your rights.
If IC System is contacting you about a debt that is not yours or more than you owe, then that is a rights violation. They violate your rights if they are unable to prove that the debt belongs to you. They are in direct violation of your rights if they are trying to intimidate you or if they are using inappropriate language.
If IC System is threatening you with violence or negative credit reporting, then they are directly violating your rights. If they are calling you many times per week; making automated robocalls to your phone; or calling your friends, coworkers, and/or neighbors, then they are violating your rights.
If any of the above statements apply to your situation, you should consult an attorney immediately.
Learn the Details
First, you have to figure out the details of why the collection agency is on your record. To do so, you can get a free credit report once a year. By learning what is on your report, you can avoid making mistakes and figure out what the issue is.
This step is important because you may find yourself in the position where the collection in your report is an error. If this is the case, you can dispute it.
Delinquent accounts should fall off your credit report seven years after they become delinquent. If that doesn’t happen, you can file a dispute with a credit bureau. They will have 30 days to respond afterward.
Moreover, if the collection is not supposed to be there in the first place, you can ask the collector to validate the debt after which the debt is no longer able to be collected.
Pay for Delete
Under the pay-for-delete agreement, debt collectors will sometimes take the collections in exchange for payment on the debt. Achieving a pay-for-delete is an uncommon practice because debt collectors are expected to report accurate information to credit reporting agencies. Deleting correct information does nothing good to their reputation.
What Actions Can IC System Take?
IC System is not legally allowed to threaten to sue you or threaten to garnish your wages. They will likely contact you via phone, text, or mail. IC System shouldn’t call you before 8 a.m. or after 9 p.m. as that is considered inappropriate.
IC System, Inc. is not allowed to threaten lawsuits or wage garnishment, but they may legally sue you if you don’t pay a valid debt owed.
Thus, if you owe a debt to this agency and are afraid that they may sue you, it would be wise to get legal help from an attorney.
How to Get IC System Off Your Credit Report
The most straightforward ways to remove IC System from your credit report are to either pay whatever debt you owe them or otherwise reach a settlement that erases your debt. Once the debt is paid down, you can ask for a goodwill deletion to have IC System removed from your credit report.
If IC System is contacting you about debt accrued by someone else who has stolen your identity, you can reach out to the credit bureaus to have IC System removed from your credit history.
If you are having trouble working with IC System or credit bureaus are refusing to remove it from your credit report, a credit repair company may be able to help. Credit repair companies have experience working with firms like IC System and removing negative marks from your credit history.
If you pay down the debt that IC System is trying to collect, the negative mark should eventually disappear from your credit report after seven years, unless you had it removed earlier.
What if I Do Not Pay?
If you decide not to pay the collection agency, several things may occur.
The phone may start ringing and the letters may start coming. The agency will attempt to collect the debt. In the most unfortunate case, the agency could sue you.
Moreover, your credit history and score will be negatively impacted.
Different types of debt produce different impacts on your credit report. Medical debt, for instance, will be removed from the credit report as soon as it is paid off. It may take up to seven years for other types of debt to completely clear from your credit history.
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