Asset Recovery Solutions LLC, is a debt collection agency based in 2009 in Des Plaines, Illinois. This company purchases and collects a huge array of unsecured consumer debt, such as student loans, automotive debt, retail debt, and credit card debt. The corporation’s CEO is a former executive at Sallie Mae. Asset Recovery Solutions doesn’t have any identifying features. It charges its external clients based on contingency, so it doesn’t collect any fee unless it collects debt. Along with collecting on behalf of other businesses, ARS buys debt to accumulate. Debt buyers typically purchase charged off debt for pennies on the dollar, and rely on collecting enough to earn a profit. Its third party debt collection activities revolve around using technology to monitor and follow up accounts, and it utilizes skip traces, robocalls, and letter string to contact customers.
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As of March 2017, the Better Business Bureau reported 57 closed Asset Recovery Solutions complaints over the previous few decades, including 18 closed complaints over the past 12 months. The BBB provides ARS an A+ rating. Additionally, Justia lists 20 ARS complaints filed in federal court in the past year alleging violations of the Fair Debt Collection Practices Act, one alleging violations of the Fair Credit Reporting Act, and one alleging violations of the Telephone Consumer Protection Act. Moreover, the Consumer Financial Protection Bureau (CFPB) lists 25 closed ARS complaints for 2016.
Absolutely. Here is a Sample Case Filed in Federal Court
In 2016, a judge in U.S. District Court, Northern District of California, denied in part and granted in part Asset Recovery Solutions’ motion to dismiss Datta v. Asset Recovery Solutions for alleged violations of the Fair Debt Collection Practices Act and California’s Rosenthal Fair Debt Collection Practices Act. According to the judge’s decision, the customer asserts that Asset Recovery Solutions delivered her a letter in a window envelope which disclosed her account number and a barcode containing her address and account number, and that this was a violation of the FDCPA. She also claimed that the debt collection agency put its name on the outside envelope in violation of the FDCPA. The judge ruled that the barcode falls within the “benign language exemption” determined by the courts, but that Asset Recovery Solutions’ name on the envelope may or might not be a breach. The judge ruled that the case could proceed on that question.
Asset Recovery Solutions, LLC
2200 Devon Avenue, Suite 200
Des Plaines, IL 60018
Phone Number: 888-678-0087
For many people, getting debt collection calls is annoying and painful. This may be especially true once the debt collection agency employs an automatic dialing system. An automated filing system creates robocalls. You know it is a robocall when, by way of instance, you answer the phone and you hear silence or a series of beeps before being transferred to a live person.
Robocalls are economical for the collection agency, but when a debt collector is robocalling your mobile phone and you didn’t provide the original lender or the debt collection agency consent to do so, they might be violating the law.
The law states that, should you tell a debt collection agency to stop contacting you, then they need to do so. To put it differently, you can send them a cease and desist letter, and the letters and calls should stop. While this doesn’t erase the debt, it can prevent you from feeling harassed.
Consumers have reported this agency harassing them from the following numbers:
Your debt harassment checklist:
- 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, 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
If you’ve been harassed by debt collectors and even one of these has happened to you, we can help. We will fight for your rights.
We can make them STOP!✋
The Lemberg Law legal team is committed to holding debt collectors accountable, so complete our form for a FREE case evaluation, or call 844-685-9200 NOW. ?
What Our Clients are Saying
“Lemberg Law contacted me within a few hours of me submitting my advice on their website. That same afternoon Daniel emailed me instructions about what to do the second time the collection agency called. Within a week, the calls had ceased. Today marks week two and we have not had a call in 3 days. I can not say thank you enough.”
“Fantastic!! Thank you so much for all that you have done for me!! Inform Rebecca thank you as well!!”
“Thank you, and your company, for your representation in this matter. I sincerely appreciate your efforts in addition to the final result.”
We will absolutely do our very best. Contact us and let us help.
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