Who is Asset Recovery Group, Inc.?
Asset Recovery Group, Inc. (ARG) is a debt collection agency based in Portland, Oregon. They engage in the retrieval of unpaid debts on behalf of various creditors.
If ARG appears on your credit report as a collections account, it usually indicates an outstanding debt that the original creditor has assigned or sold to them for collection. This typically happens when a bill remains unpaid for an extended period.
Who does Asset Recovery Group collect for?
Asset Recovery Group serves clients in the following industries:
- banks and credit unions
- billing companies
- food service supply wholesalers
- government debt
- healthcare clinics
- hospitals
- law firms
- physicians and surgeons
- proprietary schools, colleges, and universities
- publishing and advertising
- retail jewelers
- surgery centers
- utility companies
Is Asset Recovery Group legit or a scam?
Asset Recovery Group is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove Asset Recovery Group from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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Asset Recovery Group, Inc. Contact Information
Address:
Asset Recovery Group, Inc.
4520 SE Belmont St. Ste 280
Portland, OR 97215
Mailing address:
Asset Recovery Group, Inc.
PO Box 3024
Federal Way, WA 98063
Phone number: (503) 230-9522 or (800) 458-6368
Should I contact or pay Asset Recovery Group?
Before contacting a debt collector, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with Asset Recovery Group is to work with a credit repair professional. They help remove millions of negative items every year from companies like Asset Recovery Group, Inc. on behalf of their clients.
Will Asset Recovery Group sue me or garnish my wages?
While it is technically possible for any debt collection agency, including Asset Recovery Group, Inc. (ARG), to initiate legal action if initial attempts to collect a debt are unsuccessful, such an approach is generally viewed as a last resort. Legal proceedings can be expensive, time-consuming, and do not guarantee that the debt will be recovered.
Before considering a lawsuit, ARG would likely make several attempts to collect the debt through methods such as phone calls, letters, or by arranging a repayment plan. If these efforts are unsuccessful and the agency decides to sue, they could potentially garnish your wages or place a lien on your property if they win the lawsuit, provided this action is permissible under your state’s laws.
Asset Recovery Group, Inc. Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Asset Recovery Group, Inc.
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Asset Recovery Group to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- Asset Recovery Group cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Asset Recovery Group must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- Asset Recovery Group cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Asset Recovery Group From Your Credit Report Today!
Credit Saint offers assistance with disputing Asset Recovery Group collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
