Asset Recovery Associates ARA Inc Collection Complaints?
We Stop Unwanted Calls and Debt Collector Harassment.
Asset Recovery Associates (aka ARA Inc.) is a debt collection agency. Many consumers call Lemberg Law to complain about ARA Inc debt harassment. Find out who they are, why they might be calling, and how you can stop them.
What is Asset Recovery Associates – ARA Inc?
Asset Recovery Associates or ARA was founded in 2003 and is based in Lombard, Illinois. The organization, which also goes by the name of Financial Credit Service, is both a debt buyer and a debt collection agency. As a debt buyer, it buys debt from banks and credit card companies at a fraction of face value, and then pursues payment from customers on the full dollar amount of their debt.
Since the company buys debt, it collects on its own behalf rather than on behalf of the company that issued the debt. Nevertheless, they still must abide by the Fair Debt Collection Practices Act.
Have questions? Call us now at 855-301-6100 for a Free Case Evaluation.
Our services are absolutely FREE to you.
The harassing company pays our fees.
Is Asset Recovery Associates or ARA Inc. a scam?
They’re legit. Asset Recovery Associates or ARA Inc is a legitimate debt collection agency based launched in 2003, and is a debt buyer specializing in old credit card debt. The company buys debt that has already gone through in-house collections and two or more other collection agencies.
If you’ve suffered from ARA harassment, you do have options. Remember, under the law you can recover up to $1,000 for violations of the FDCPA, and $500 to $1,500 for each cell phone robocall.
Who are we? We are Lemberg Law, a Consumer Law Firm
Lemberg Law is a consumer law firm helping victims of collection harassment and abuse. We are ranked A+ by the BBB. We’ve helped more than 15,000 consumers stop harassment and recover money from debt collectors. Harassed? Abused? Misled by a collector? Call our Helpline today! There is no charge unless we win.
How many complaints are there against Asset Recovery Associates – ARA Inc?
As of April 2017, the Better Business Bureau reported 163 closed Asset Recovery Associatescomplaints over the previous three years, including 50 closed Asset Recovery Associates complaints over the past 12 months. The BBB gives Asset Recovery Associates an F rating. Additionally, Justia lists seven ARA Inc complaints filed in federal court in the past year alleging violations of the Fair Debt Collection Practices Act. Moreover, the Consumer Financial Protection Bureau (CFPB) lists 125 closed Asset Recovery Associates complaints for 2016. An article from 2010 says that ARA Inc. is “bad news.”
Asset Recovery Associates
1919 S. Lombard Street, Suite 225A
Lombard, IL 60148
Phone Number: 800-706-3401
Can Asset Recovery Associates Sue Me or Garnish My Wages?
It is illegal for a debt collector to make empty threats to sue you or garnish your wages. It is also unlikely ARA Inc would sue you for a debt you may not owe or they cannot validate. However, debt collection agencies are known to have summoned debtors to court and garnish wages after a default judgement. Contacting an attorney BEFORE this could possibly happen would be a smart move. We’ve helped thousands of consumers fight back against unscrupulous debt collection harassers. Find out if we can help you too today!
Unlawful Debt Harassment? Learn the Law & Sue the Collector.
Can you help me file a No Fee Lawsuit against Asset Recovery Associates – ARA Inc?
Absolutely. Here are some sample cases filed in Federal Court
In 2016, a judge in U.S. District Court, Eastern District of Michigan, granted Asset Recovery Associates’ motion to vacate a default judgment in Munger vs. Financial Credit Service for alleged violations of state and federal consumer credit provisions. According to the judge’s conclusion, there was a mix-up involving ARA and its legal representative that prevented the debt collection agency from receiving notification of the class action lawsuit and reacting in a timely way. The judge ruled that the default decision could be put aside “for good cause,” thus shifting the class action case back in the court system.
Asset Recovery Associates ARA Calling You?
Federal laws protect you. The Fair Debt Collections Practices Act (FDCPA) regulates the behavior of collection agencies by prohibiting actions such as the use of abusive or threatening language; harassment; or the use of false or misleading information to collect a debt. The FCRA regulates how collection agencies and creditors report delinquent debts to credit reporting agencies. Additional consumer protection laws include the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA).
But here’s the rub: If you want to enforce your rights, or recover money for violations — you need to sue. These laws provide individuals like you with a means to seek monetary damages in court. For example, the FDCPA allows consumers who have been violated to recover damages of up to $1,000, plus attorney fees and court costs.
Consumers have reported this agency harassing them from the following numbers:
Stop Debt Collection Harassment
You may have a case, if…
You are receiving multiple calls per week from third party collection agencies
You are receiving early morning or late night calls from debt collectors
You are recieving calls at work from a debt collection agency
Debt collectors are calling your friends, neighbors, or coworkers
Collectors are threatening you with violence, a lawsuit, or arrest
A debt collector attempts to collect more than you owe
You are being threatened with negative credit reporting
A debt collector attempts to intimidate you
Criminal accusations are being made towards you
Use of obscene language during an attempt to collect
Automated robocalls are being made to your phone in an attempt to collect
“We are writing to express our sincere thanks and to convey how very happy we’ve been, from first contact, together with the services offered by your firm — specifically by the lawyer who handled our situation, Vlad Hirnyk.”
“Know that you, Vlad, and your company did a fantastic thing. You took on a huge company for small people and righted a wrong. For this we are thankful.”
“I used to get up to 15 calls a week from several collection agencies. It got so bad I felt like I should just get a new phone number to make it quit. Happily, I discovered Lemberg Law. They immediately put an end to the calls. Now, when my phone rings I do not dread it.”
Can You Help Me Delete Asset Recovery Associates ARA Inc from My Credit Report?