Who is Recovery Management Solutions?
Recovery Management Solutions, LLC (RMS) is a debt collection agency, based in Cheektowaga, New York. They are a part of the receivables management industry, providing services to clients who are trying to recover funds from individuals who have defaulted on their payments.
If you notice their name on your credit report as a collections account, it usually indicates that you have an unpaid debt that has been passed on or sold to them by the original lender.
Who does Recovery Management Solutions collect for?
Recovery Management Solutions is particularly focused on the higher education sector. They primarily collect student loan debts, which can include unpaid tuition, fees, and loans associated with attending a college or university.
Is Recovery Management Solutions legit or a scam?
Recovery Management Solutions 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 Recovery Management Solutions 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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Recovery Management Solutions, LLC Contact Information
Address:
Recovery Management Solutions LLC
485 Cayuga Rd. Ste 402
Cheektowaga, NY 14225
Phone number: (888) 906-2259
Should I contact or pay Recovery Management Solutions, LLC?
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 Credit reports can contain errors or list debts that are no longer valid.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 a collection agency is to work with a credit repair professional. They help remove millions of negative items every year from companies like RMS on behalf of their clients.
Will Recovery Management Solutions, LLC sue me or garnish my wages?
Recovery Management Solutions, LLC has the legal right to take a variety of actions to recover unpaid debts. If you fail to resolve the debt or set up a payment plan, the company could potentially choose to sue you for the amount owed.
If the company sues you and the court issues a judgment against you, they may then be able to garnish your wages or levy your bank account, depending on the laws in your specific state.
Recovery Management Solutions, LLC 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 Recovery Management Solutions, LLC
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 Recovery Management 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. They have 30 days to prove the debt is yours and the amount is accurate.
- Recovery Management Solutions cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Recovery Management Solutions 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.
- Recovery Management Solutions cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Recovery Management Solutions From Your Credit Report Today!
Credit Saint offers assistance with disputing Recovery Management Solutions 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.
