Financial hardship can be incredibly burdensome, and trying to navigate debt collectors who won't let go of their money can make it even more difficult. If Receivable Management Partners (RMP) is demanding that you pay up for a past due account, don't worry - you have options! In this blog post, we'll unpack the ins and outs of how to beat RMP debt collection and come out on top.
Learn what you need to know about your rights as a debtor confronting these pesky collectors so that you can get your finances back on track with confidence. Ready? Let's jump in.
Receivable Management Partners/RMP is a debt collection agency based in Greensburg, Indiana serving a range of different industries. They specialize in purchasing delinquent debts from a variety of sources that have not been collected. Once this debt is sold to RMP, they are then responsible for attempting to collect the full amount of all delinquent accounts on behalf of their clients, who receive a percentage of the debt collected as compensation.
Yes. RMP/Receivable Management Partners is a legitimate debt collection company. Do not make the mistake of ignoring their calls thinking they'll go away - the company isn't a scam.
Receivable Management Partners/RMP has six other offices in Chicago, Indianapolis, Lansing, Zeeland, Reading and Waco. Unfortunately, the company has earned a bad reputation among consumers, with a 1 star rating on their BBB profile generated by poor customer reviews.
Over the last three years alone, Receivable Management Partners/RMP has received close to 150 complaints on its BBB profile while the Consumer Financial Protection Bureau reported over 1,000 complaints in the last ten years. Complaints range from being harassed for debt payment to failing to remove a debt in credit reports and multiple calls multiple times a day.
If you're being contacted by Receivable Management Partners/RMP, it's likely you have an account that has gone to collections. That said, the company has been known to make mistakes while collecting debts, and consumers could be receiving calls and letters to collect on a debt they do not owe.
This is unfortunately more common than many people realize. Common reasons why this might occur includes not being able to identify the consumer due to incorrect information, or misidentifying a consumer based on an account number or name. Here are a few examples of why this could happen:
If you believe you are being asked to pay on a debt that is either not yours or has already been paid, the wisest thing to do is seek legal advice from an experienced attorney who can advise you on the best course of action with respect to the collector.
This would include how to communicate what the issue is and potentially filing a lawsuit if necessary. Additionally, in cases of identity theft, it may also be appropriate for the consumer to file a police report in order to document the fraudulent activity.
While debt collection agents can be highly intimidating to consumers who are already struggling with debt, their actions must remain within the bounds of what is legally permissible. This is why the FDCPA of 1978 was set up in response to reports of unfair or unethical treatment.
The act declares that debt collectors must communicate with consumers in a professional, informational tone; not one of aggression or strong-arming so as to threaten legal action. Furthermore, it sets limits on how frequently these agents can call or contact someone regarding their outstanding balance. Some of the prohibitions under this law include the following:
It's important to take action if your rights have been violated by Receivable Management Partners. The Better Business Bureau and Consumer Financial Protection Bureau allow you to file complaints, but unfortunately they are often ignored. To ensure that RMP listens, the most effective course of action is working with an attorney who can prepare a lawsuit against them and win a judgment in your favor in court.
To give you the best chance of success, remember to document all correspondence with RMP meticulously and request written communication whenever possible so any abuses become easily admissible as evidence. With the help of an attorney, you can use this strategy to make sure that your rights as a consumer are protected.
Unlike some collections agencies that focus on niches like medical debt, Receivable Management Partners/RMP works with a range of companies across different industries - from banks and other financial institutions to auto lenders, telecoms, and healthcare and more.
It is important for consumers to be mindful that not all debts are treated the same under federal law. For instance, laws like the No Surprise Act were created to provide additional protection to those who are struggling with medical debt. To ensure your rights are upheld and your credit is appropriately managed, it is best to hire a lawyer who has experience in the field of credit and debt laws.
At Fair Credit, our mission is to ensure that no one has to go through financial hardships without an experienced advocate on their side. We offer specialized debt collection services and prioritize providing and take immense pride in our ability to achieve results for our clients when dealing with Receivable Managements Partners and other collection agencies. Don’t wait - reach out to us today for your free case review.