American Accounts Advisors sounds like a company that may help you monitor your money, as well as help you prepare for the future. However, don't be fooled. In reality, they work as debt collection agency to help companies repay their debts by any methods possible. As such, it is important to know how to defend yourself against such debt collection companies. Here are the things you need to know when it comes to the debt collection agency American Accounts Advisors.
What is American Accounts Advisors?
Listed as a debt collection agency, American Accounts Advisors is a multi-location business that consults on debt collection and reconciliation.
They work within Minnesota and North Dakota, while being run by Bryan McGroarty who is listed as the President.
Is American Accounts Advisors a legit Debt Collection Agency?
They are a legitimate business. Having been in business since 1986, they have 34 years of experience under their belts. They do have alternate names, with American Accounts and American Accounts & Advisors.
They currently hold an A+ rating with the Better Business Bureau. However, they are not accredited through the BBB, and hold a 2.2 star rating out of 5 stars.
American Accounts Advisors Contact Information:
Address: 7460 80th St S Cottage Grove, MN 55016-3007
PO Box: PO Box 250 Cottage Grove, MN 55016-0250
Phone Number: 1-651-287-6100
Other Phone: 1-651-405-9760
Fax Number: 1-651-405-9846
Does American Accounts Advisors have Complaints against them?
They have quite a few debt collection complaints against them. American Accounts Advisors currently have 9 listed complaints on the BBB database, with 2 coming in from the last 12 months. They also have 6 customer reviews, with the average coming out to 2.2 stars.
There are currently 96 complaints logged within the Consumer Financial Protection Bureau's Consumer Complaint Database. These range in different issues, but with 96 complaints, it is hard to assume that American Accounts Advisors are legal and proper. If some of these allegations are true, American Accounts Advisors violated the Fair Debt Collection Practices Act (FDCPA) and Rosenthal Fair Debt Collection Practices Act (RFDCPA).
What kind of Complaints have been made?
There are numerous complaints made. Within the BBB website, many complaints are made due to billings and collections, with the reviews also putting a negative light on American Accounts Advisors.
Within the CFPB's CCD, of the 96 complaints made, 84 were made due to debt collection issues, 11 were made due to faulty credit reporting, and 1 was due to a student loan collection issue.
Are the Practices of American Accounts Advisors Legal?
Of the practices mentioned within the complaints, it is safe to say that the practices used are not legal or allowed under the Fair Debt Collection Practices Act (FDCPA). There are complaints stating that the representatives used harassing and aggressive language, as well as excessive phone calls throughout the days and nights. Not only that, they had attempted to employ a robocalling system that is highly illegal as well.
There are also debts that American Accounts Advisors attempted to collect on that were not verified, as well as debts that were not even under their own names.
How can I protect myself and fight back against American Accounts Advisors?
If you or a loved one you know has been contacted by American Accounts Advisors, know that you do have rights under the Fair Debt Collection Practices Act (FDCPA). The first thing you should do is to ask for verification of the debt, or authorization that the debt is proper. This can be done by asking for an origin point, as well as documentation of the debt. If the debt cannot be verified, you are not obligated to pay any of it.
If you are still being harassed, you may look towards getting yourself an experienced and well-versed debt collection harassment attorney. We here at the Law Office of Paul Mankin, APC hold a history of successful defenses against the likes of illegal and improper practices from debt collectors. We are able to help you identify, stop, and report debt collection harassment to the proper authorities.
Not only can we help you to defend against harassment, we can also help to build a case, and assist you in understanding where the illegal collection patterns are for debt collectors. We are also able to help facilitate any communications or discussions between the parties, ensuring that nothing you say can be used against you.
The most important bit of information in your fight is to always remain vigilant. No matter who you have at your side, it can seem like a daunting battle against such a large company and agency. If you have ever been the subject of:
- Multiple calls per week from a third-party collection agency
- Multiple calls in the early morning or late night from debt collectors.
- Violent and belligerent language and harassment from debt collectors.
- Threats of arrests or poor credit due to outstanding debts.
- Having your friends, family, and coworkers harassed from debt collectors.
- Automated robocalls from third party collection agencies.
Then you may have a case available. So do not wait, make sure to give us a call, and get started fighting back against the debt collection harassment.