Who is Rocket Receivables?
Rocket Receivables is a debt collection agency based in Wilmington, Delaware, which operates under the umbrella of Transworld Systems, Inc. (TSI), a larger financial services company. As a collection agency, Rocket Receivables works on behalf of various businesses and organizations to recover overdue payments or debts.
If you see them listed on your credit report, it’s likely because you have an unpaid debt or bill that has been assigned to them for collection.
Who does Rocket Receivables collect for?
Rocket Receivables provides collection services for a wide range of industries, helping them recover past due accounts. They work with businesses and professional services firms, contracted services and trade businesses, educational institutions, healthcare providers, and both residential and commercial services companies.
Is Rocket Receivables legit or a scam?
Rocket Receivables is a legitimate company. However, they may engage in frequent and potentially irritating communications, such as repeated calls, text messages, or emails, to collect debts.
How can I remove Rocket Receivables 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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Rocket Receivables Contact Information
Address:
Transworld Systems
150 N Field Dr.
Lake Forest, IL 60045
Mailing Address:
Rocket Receivables
PO Box 15618
Wilmington, DE 19850
Phone number: (844) 822-3534
Should I contact or pay Rocket Receivables?
Before contacting a collection agency, 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 Credit reports can contain errors or list debts that are no longer valid.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 Rocket Receivables is to work with a credit repair professional. They help remove millions of negative items every year from companies like Rocket Receivables on behalf of their clients.
Will Rocket Receivables sue me or garnish my wages?
As a debt collection agency, Rocket Receivables is legally entitled to file a lawsuit against individuals who fail to pay their debts. If they win the lawsuit, and depending on the laws in your specific jurisdiction, they could potentially garnish your wages as a means to recoup the debt.
However, it’s important to remember that a lawsuit is typically a last resort for debt collection agencies. Most would rather work out a payment plan or settlement to avoid the time and expense of court proceedings.
Rocket Receivables 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 Rocket Receivables
Debt collectors must follow state and federal laws. For example, the FDCPA prohibits a debt collection agency from using abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Rocket Receivables 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.
- Rocket Receivables cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Rocket Receivables 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.
- Rocket Receivables cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Rocket Receivables From Your Credit Report Today!
Credit Saint offers assistance with disputing Rocket Receivables 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.
