Seeing Source Receivables Management on your credit report can hurt your score and your peace of mind. Here’s what this means and how to deal with it.
Who Is Source Receivables Management?
Source Receivables Management, LLC is a debt collection agency based in Greensboro, North Carolina. They collect unpaid debts for other businesses.
If they appear on your credit report, it means a creditor has turned your account over to them for collection.
Who Does Source Receivables Management Collect For?
Source Receivables Management works with several types of businesses, including:
- Banks and credit unions
- Debt buyers
- Healthcare providers
- Retail credit card companies
- Telecommunications companies
- Utility companies
If you owe money to any of these, your account may have ended up with Source Receivables Management.
Is Source Receivables Management Legitimate?
Yes, they are a real debt collection agency. They have permission to collect debts on behalf of other companies. But never take a debt at face value—always verify it before making payments.
Errors on credit reports are common, so confirming the details is your first step.
How to Remove Source Receivables Management From Your Credit Report
Collection accounts can stay on your credit report for up to seven years, but you may have options to remove them sooner:
- Dispute the Debt: If the account is inaccurate, outdated, or incomplete, file a dispute with the credit bureaus. You can do this on your own or with the help of a credit repair company.
- Negotiate a Pay-for-Delete: In some cases, you can offer to pay the debt in exchange for Source Receivables Management removing the account from your credit report. Get any agreement in writing before sending payment.
- Work With a Credit Repair Professional: Experienced credit repair companies challenge collection accounts regularly and know how to help clean up your credit.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Should You Contact or Pay Source Receivables Management?
Before you contact them or make a payment:
- Confirm the debt belongs to you.
- Check that the amount is accurate.
- Understand that making payments could restart the statute of limitations in some states.
For many people, working with a credit repair service is the easiest way to handle collection agencies like Source Receivables Management.
Can Source Receivables Management Sue You or Garnish Wages?
Yes, they can sue you over unpaid debts. If they win in court, they may be able to garnish your wages or freeze your bank account. This usually happens only after other collection efforts fail.
If you’re facing threats of legal action, consider seeking legal advice right away.
Source Receivables Management Complaints
Like many collection agencies, Source Receivables Management has received complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Common complaints include:
- Incorrect information reported to credit bureaus
- Harassment or repeated phone calls
- Failure to provide proper debt verification
If you believe your rights are being violated, you can submit a complaint through the CFPB or BBB.
Your Rights When Dealing With Source Receivables Management
Debt collectors must follow the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). These laws protect you in several ways:
- Debt Validation: You can request proof that the debt is valid. Send a written debt validation letter, and they must respond within 30 days.
- No Harassment: They cannot harass you, call excessively, use abusive language, or threaten you.
- Honest Communication: They must identify themselves as a debt collector and notify you in writing and verbally.
- No Arrest Threats: They cannot threaten you with arrest over unpaid debts.
Understanding your rights gives you the power to challenge inaccurate information and protect your credit.
Source Receivables Management Contact Information
Address:
Source Receivables Management, LLC
4615 Dundas Dr., Suite 102
Greensboro, NC 27407
Mailing Address:
PO Box 4068
Greensboro, NC 27404
Phone Number: (877) 251-3775
Need Help Removing Source Receivables Management From Your Credit Report?
If Source Receivables Management is hurting your credit and you’re not sure how to handle it, working with a credit repair company can help. Credit Saint has been helping clients challenge negative items for over 15 years. They even offer a 90-day money-back guarantee for added peace of mind.
Want to improve your credit? Visit their website or call (855) 281-1510 to learn more.
Brooke Banks is a personal finance writer specializing in credit, debt, and smart money management. She helps readers understand their rights, build better credit, and make confident financial decisions with clear, practical advice.
