Falling prey to Receivable Management Services’ aggressive tactics can be an overwhelming experience for anyone facing financial difficulty - but understanding the company's purpose, their methods, and your rights as a consumer is invaluable in tackling debt collection and finding viable solutions.
This article will equip you with the knowledge you'll need to take control of your finances and prepare you for managing negotiations with this debt collecting agency. With this information, you can make decisions on how best to move forward and assert your rights against Receivable Management Services.
Receivable Management Services - founded in Pennsylvania in 2001 - is a third-party debt collection agency which specializes in buying debts for pennies on the dollar and collecting payments from debtors. Debt collectors essentially help creditors recover losses by utilizing processes to get debtors to make payments, reaching out using personal contact methods like phone, email or mail.
Debt collectors like RMS have been known to rely on unethical tactics such as harassment, repeated phone calling, using profanity or misrepresenting the facts of a debt to pressure an individual into payment. For individuals who are concerned about their rights, it’s important to understand what constitutes legal debt collection practices so they can protect themselves from potential violations.
Yes, Receivable Management Services is a legit debt collector. If you’re being contacted by them, you shouldn’t ignore it thinking it’s a scam. Their contact information can be found below:
It's worth noting that hundreds of complaints have been logged against RMS with consumer advocacy organizations like the Better Business Bureau and the Consumer Financial Protection Bureau. While RMS may have a legal right to collect unpaid debts, the company's ethics have been questioned in regards to the methods they use to collect on debts.
It's important to exercise caution when working with any debt collector and stand up for your rights if you feel they're being violated.
As a consumer, it’s important to understand your rights if you are being contacted by Receivable Management Services about a debt. The Federal Fair Debt Collection Practices Act (FDCPA) offers protection and support if you find yourself dealing with behavior you believe is unfair.
This law shields consumers from a wide array of unethical practices and sets limitations on what and how collectors can communicate with debtors. Some of the prohibited behaviors under this law include the following:
Engaging in conduct, such as using offensive language or making threats, intended to annoy, abuse, or intimidate a consumer.
Making false statements about the character, amount or legal status of any debt.
Communicating with a consumer via phone calls, emails, text messages or other methods without first obtaining their written consent.
Contacting someone other than the consumer who owes the debt in an attempt to collect it.
Falsely representing themselves as attorneys or government representatives in order to get a payment from the consumer.
Using obscene language when communicating with consumers and threatening legal action they cannot take if payments are not made.
Repeated attempts to contact a consumer after they have requested that all communication stop; also known as “repeated telephone calls” under the FDCPA.
Providing inaccurate information about a debt to credit reporting agencies for inclusion on the consumer’s credit report and damaging their credit score unfairly.
To protect yourself from unethical behavior and violations from Receivable Management Services, it is wise to keep written records of all communications and phone calls with the company. That way, if a violation occurs, you will have proper documentation for legal action should that be necessary.
Consulting a qualified lawyer is recommended in these situations so you can understand your rights and any recourse available under local and federal law.
Collections accounts from companies like Receivable Management Services can have a negative impact on your score, which can make it harder to get approved for loans or other forms of credit. Here are a few steps you can take to get the negative mark removed from your report:
This way, you avoid having the collections account remain on your report for up to seven years, depending on the type of debt.
You can submit proof that you’ve paid off the debt or provide evidence that it shouldn’t be listed on your report in the first place.
A good attorney will know how to file appropriate paperwork with the court and put pressure on creditors to remove collections accounts from your credit report quickly and effectively.
Keep in mind that deleting a collections account is not a quick fix – it takes time and effort in order to ensure that it is successfully removed from your record. However, with a little patience, it is possible to improve your credit score by removing any unwanted information from your report.
At Fair Credit, we know that fighting collections agencies can be an intimidating and stressful experience. That's why we strive to protect consumer rights and help put an end to the undue pressure that often comes along with these types of cases.
Our team of seasoned legal experts is highly knowledgeable in these matters and will provide you with clear guidance for the best possible outcome given your unique situation.
Don’t wait - contact us today for a complimentary case review.