FAQs
Founded in 1938, IC System is a family-owned, privately held collection agency serving thousands of clients in industries such as healthcare, small business, financial services, government, communications, education, and utilities. IC System's purpose is to improve financial outcomes for consumers and our clients.
Is IC Systems debt collection legit? ›
IC System is a nationally recognized debt recovery agency.
For 85 years, our debt collection solutions have helped thousands of clients recapture the revenue they're owed.
Does IC systems remove from credit report? ›
In some cases, IC System's investigation may lead to an invalid account being removed from your credit report. In other cases, you may have a past-due account you were unaware of. In either case, IC System will follow up to discuss the matter and work with you in a courteous manner.
How to remove collections from a credit report? ›
How to get collections off your credit report
- Send a dispute. One possible way to get a collection account off your credit report is to dispute the account. ...
- Negotiate a pay-for-delete agreement. ...
- Ask for a goodwill deletion.
In general, most debt will fall off of your credit report after seven years, but some types of debt can stay for up to 10 years or even indefinitely. Certain types of debt or derogatory marks, such as tax liens and paid medical debt collections, will not typically show up on your credit report.
Can I just ignore debt collectors? ›
Ignoring or avoiding a debt collector, though, is unlikely to make the debt collector stop contacting you. They may find other ways to contact you, including filing a lawsuit. While being contacted by a debt collector might feel overwhelming, talking with them can help you get more information about the debt.
How do I know if a collection notice is real? ›
Whenever someone tries to collect a debt, ask for all of their company's information, including:
- The collector's full name.
- Company name.
- Company address.
- Company phone number.
- Company website address.
- Company email.
Can IC System Garnish Wages? It varies by local law but a creditor such as IC System can generally garnish your wages, although some exceptions apply. But you don't want it to get to that. You need to make a decision whether you can pay the debt in full or in part.
How do I stop fake debt collectors? ›
In addition to reporting them, here are some other tips: Put your number on the National Do Not Call Registry. Go to donotcall.gov or call 1-888-382-1222. Don't share numbers or passwords for accounts, credit cards, or Social Security, unless you know the person you're dealing with and why they need the information.
Can you negotiate with IC systems? ›
IC System's secure online payment portal may show settlement options if they are available. Otherwise, talk to your financial representative from IC System to negotiate a settlement amount for less than the full balance, if one is offered by your original creditor.
If there is a judgment against you, Credit Corp Solutions can garnish your salary without much further notice. If you received an income execution order to garnish your wages, most times, we could settle the garnishment amount for less than the amount owed.
What is the phone number for IC System debt collection? ›
Submit your information below or call 1-800-279-3511 to let us find the right debt collection service for your business.
What is the 609 loophole? ›
2) What is the 609 loophole? The “609 loophole” is a misconception. Section 609 of the Fair Credit Reporting Act (FCRA) allows consumers to request their credit file information. It does not guarantee the removal of negative items but requires credit bureaus to verify the accuracy of disputed information.
Can you have a 700 credit score with collections? ›
For instance, if you've managed to achieve a commendable score of 700, brace yourself. The introduction of just one debt collection entry can plummet your score by over 100 points. Conversely, for those with already lower scores, the drop might be less pronounced but still significant.
What happens if you never pay collections? ›
Ignoring these efforts could lead to further financial strain, potential wage garnishment, or the seizure of assets through a court judgment. Additionally, the debt may remain on your credit report for up to seven years, negatively impacting your credit score and future financial opportunities.
Will the IC System settle for less? ›
IC System's secure online payment portal may show settlement options if they are available. Otherwise, talk to your financial representative from IC System to negotiate a settlement amount for less than the full balance, if one is offered by your original creditor.
Can I pay my original creditor instead of collection agency? ›
Generally, paying the original creditor rather than a debt collector is better. The creditor has more discretion and flexibility in negotiating payment terms with you. And because that company might see you as a former and possibly future customer, it might be more willing to offer you a deal.
How many points does a credit score go up when a collection is removed? ›
There's no concrete answer to this question because every credit report is unique, and it will depend on how much the collection is currently affecting your credit score. If it has reduced your credit score by 100 points, removing it will likely boost your score by 100 points.
