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
- 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?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
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Asset Recovery Group, Inc. Contact Information
Asset Recovery Group, Inc.
4520 SE Belmont St. Ste 280
Portland, OR 97215
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?
It’s best to avoid speaking to a debt collector on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
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
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to 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 the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Asset Recovery Group, Inc.
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a collection agency from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Asset Recovery Group may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Asset Recovery Group must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- Asset Recovery Group cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Asset Recovery Group From Your Credit Report Today!
Credit Saint can assist you in disputing Asset Recovery Group collection accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
Ready to Repair Your Credit?
Learn how to get help disputing errors on your credit report that could be hurting your credit score.
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