Who is Recovery Management Services?
Recovery Management Services, Inc. (RMS) is a debt collection agency located in Warrenville, Illinois.
If you have defaulted or failed to pay a bill, your debt may be transferred or sold to a collection agency such as RMS. In such circumstances, you might observe RMS appearing on your credit report as a collections account, indicating the outstanding debt that needs to be paid.
Who does Recovery Management Services collect for?
Recovery Management Services specializes in the collection of debts in the realm of higher education. This includes Perkins loans, institutional loans, health profession loans, and student receivables. These debts generally originate from colleges and universities or associated entities, typically accrued by students for tuition fees, accommodation, or other educational expenses.
Is Recovery Management Services legit or a scam?
Recovery Management Services is a legitimate debt collection company. However, their debt collection practices may sometimes feel intrusive or overwhelming. They may frequently reach out to you via calls, text messages, or emails to recover the outstanding amount.
How can I remove Recovery Management Services 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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Recovery Management Services, Inc. (RMS) Contact Information
Recovery Management Services, Inc.
4200 Cantera Drive Suite 211
Warrenville, IL 60555
Phone number: (800) 900-3944
Should I contact or pay Recovery Management Services?
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 Recovery Management Services is to work with a credit repair professional. They help remove millions of negative items every year from companies like Recovery Management Services on behalf of their clients.
Will Recovery Management Services sue me or garnish my wages?
Recovery Management Services, like other debt collection agencies, has the option to sue you for an unpaid debt. If the lawsuit is successful and a judgment is issued against you, they may be legally allowed to garnish your wages or take other actions to collect the debt, depending on the laws in your specific state.
However, it’s important to note that not all debt collectors will choose to sue or pursue wage garnishment, as these actions can be costly and time-consuming.
Recovery Management Services, 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 Recovery Management Services, Inc.
Recovery Management Services 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, 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 Recovery Management Services 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.
- Recovery Management Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Recovery Management Services 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.
- Recovery Management Services cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Recovery Management Services From Your Credit Report Today!
Credit Saint can assist you in disputing Recovery Management Services 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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