Asset Recovery Associates is a debt recovery service. The business model of Asset Recovery Associates involves purchasing debt from banks, credit card companies, and other debt holders, and making repayment arrangements with the consumers who owe the debt.
A credit report is a monthly assessment of how quickly and responsibly you pay your bills. All of the entities that lend you money record at three agencies: Equifax, Experian, and TransUnion. In addition, more than a dozen specialty credit reporting agencies, like ChexSystems, report on issues such as returned checks or late utility payments, among other financial details.
If you want to obtain credit to make retail purchases, fund a business startup, or buy a home or vehicle, your credit rating and reported information is available for lender examination. Your numerical credit score determines your costs for loans. Credit scores range from 400 to 850. The higher the credit score, the lower your interest rates–and costs–will be.