Who is Debt Recovery Solutions?
Debt Recovery Solutions, LLC (DRS) is a debt collection agency headquartered in Syosset, New York. If you have an outstanding debt that hasn’t been paid, it’s possible that DRS may be assigned or purchase that debt, and in turn, attempt to collect it from you. As a result, you might notice DRS listed on your credit report as a collections account.
Who does Debt Recovery Solutions collect for?
Debt Recovery Solutions provides collection services for various industries, meaning they collect unpaid debts on behalf of a range of businesses. Their role is to recover as much of the owed amount as possible, usually operating on a contingency basis. This means that they only get paid if they successfully recover a portion or all of the debt.
Is Debt Recovery Solutions legit or a scam?
Debt Recovery Solutions, LLC is a legitimate company. However, as part of their debt recovery process, they might frequently contact you via phone calls, texts, or emails, which can feel excessive or intrusive.
How can I remove Debt Recovery Solutions 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.)
Ready to Raise Your Credit Score?
Some clients have raised their credit scores
by 100 points* or more.
Lexington Law is a professional credit repair law firm that works with people who want to fix their credit.
In addition to collections, they can work with 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.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
Debt Recovery Solutions, LLC Contact Information
Debt Recovery Solutions, LLC
6800 Jericho Turnpike Suite 113E
Syosset, NY 11791
Phone number: (800) 851-9592
Should I contact or pay Debt Recovery Solutions?
It’s best to avoid speaking to a collection agency 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 debt, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with Debt Recovery Solutions is to work with a credit repair professional. They help remove millions of negative items every year from companies like Debt Recovery Solutions on behalf of their clients.
Will Debt Recovery Solutions sue me or garnish my wages?
Debt Recovery Solutions, like many other debt collection agencies, does have the right to sue you for an unpaid debt. If they obtain a judgment against you, they might be able to garnish your wages or levy your bank account, depending on your state’s laws.
However, it’s important to note that these measures are typically a last resort for most debt collectors. They often prefer to establish a payment plan or reach a settlement, as these options are usually more cost-effective than pursuing legal action.
Debt Recovery Solutions, LLC 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 you find yourself facing any of these situations with Debt Recovery Solutions, you should also 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 Debt Recovery Solutions, LLC
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA 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 Debt Recovery Solutions 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.
- Debt Recovery Solutions may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Debt Recovery Solutions 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.
- Debt Recovery Solutions cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Debt Recovery Solutions From Your Credit Report Today!
Lexington Law can assist you in disputing Debt Recovery Solutions collection accounts. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website for a free credit consultation to see what they can do for you.
Ready to Repair Your Credit?
Some clients have raised their credit scores
by 100 points* or more.
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