Credit Reporting

AMCOLLECT Reports to the Nation’s Top 3 Credit Bureaus

When you place an account and you have authorized credit reporting, the guarantor has 180 days from the date of first delinquency (generally 30 days after the balance becomes due in your office) or the last transaction date whichever is most recent to pay in full or settle the outstanding balance. On the 181st day, if an unpaid balance remains on the account, it is automatically eligible to be reported to Nation’s Leading Credit Bureaus – Equifax, Experian and TransUnion. These bureaus keep the largest databases of consumer credit information in the United States, Puerto Rico, Canada and the U.S. Virgin Islands. Accounts can be reported for up to seven years from the date of first delinquency, as allowed by law.

In the case of a medical account, we will submit a deletion request to the credit reporting bureaus within 60 days of payment in full or settlement of the balance owed. Credit reporting is a very useful collection tool and we want to assure you that we are fully compliant with all applicable laws including the Fair Credit Reporting Act (FCRA).