- Who is Regional Adjustment Bureau?
- Is Regional Adjustment Bureau a Scam?
- Regional Adjustment Bureau Complaints?
- Can Regional Adjustment Bureau Sue Me or Garnish My Wages?
- Regional Adjustment Bureau Lawsuits
- Regional Adjustment Bureau Calling?
- How Do I Stop Regional Adjustment Bureau Debt Collection Harassment?
- How Can I Delete Regional Adjustment Bureau from My Credit Report?
Regional Adjustment Bureau or RAB is a third-party collection agency based in Memphis, TN. Consumers have filed complaints against RAB alleging violations of the Fair Debt Collections Practices Act (FDCPA)such as making an attempt to collect a debt not owed.If you have been contacted by RAB, make sure you know your rights before responding.
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The Better Business Bureau (BBB) indicates that Regional Adjustment Bureau was founded in 1971, with BBB’s file initially opened in 1979. Buzzfile estimates RAB’s annual revenue at $34.9 million and estimates the size of its headquarters staff at 300 people.
According to its website, Regional Adjustment Bureau has been collecting third-party consumer debt for about 46 years and was recently acquired by Value Recovery Group (VRG), a merger that has brought to RAB experience in federal and state receivables management. RAB’s stated mission is to deliver creative solutions to their clients’ portfolios; provide financially responsible and legally compliant recovery programs to meet their clients’ goals; and to effectively manage their staff. With a vision of becoming the pre-eminent receivables management company in America, RAB sees itself as an extension of its clients’ businesses.
Regional Adjustment Bureau collects consumer debt for banks and retail creditors; education lenders; municipal, state, and federal government agencies; and now partners with a U.S.-based company in an effort to establish a network of collection agencies servicing student debt on an international scale. RAB cites as its strength thorough and comprehensive reporting; a strong network of attorneys specializing in debt litigation; and state-of-the-art technology.
Regional Adjustment Bureau’s website does not contain any references to consumer resources or consumer protection laws.
The BBB has closed 31 complaints against Regional Adjustment Bureau in the past three years, with 6 closed in the past twelve months. Most of those complaints alleged problems with billing and collection. Since March 2015, the Consumer Financial Protection Bureau (CFPB) has logged 30 complaints against RAB alleging problems such as illegal communication tactics and attempts to collect debts not owed. Justia lists at least 18 cases of civil litigation naming Regional Adjustment Bureau as a defendant.
Regional Adjustment Bureau Inc Contact Information
Regional Adjustment Bureau, Inc.
7130 Goodlett Farms Pkwy., Suite 100W
Memphis, TN 38016
Telephone: (800) 829-0250
It is illegal for a debt collector to threaten to sue you or garnish your wages. It is also unlikely Regional Adjustment Bureau 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!
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Absolutely. Here are some Sample Cases against Regional Adjustment Bureau Inc
In February 2017, a consumer contacting the CFPB filed a complaint alleging problems with the way Regional Adjustment Bureau had processed a delinquent student loan. The complainant indicated that after graduation, he had defaulted on the loan repayments, and the loans were transferred to Regional Adjustment Bureau for processing. The complainant then entered into a loan rehabilitation plan with RAB, making an initial large down payment, and then several consecutive monthly payments. The rehabilitation was completed, and the loan was sold to a creditor. After the transfer, the complainant continued making monthly payments, but soon thereafter, he was contacted by a collection agency who indicated he was in default. After reviewing the Federal Student Aid site, he did discover a defaulted loan that contradicted the information Regional Adjustment Bureau had given him at the time the rehabilitation had been completed. As a result of RAB’s failure to properly transfer the loan after rehabilitation and failure to notify the complainant of loan balances, the loan continued to accrue “immense interest charges on top of the capitalization of interest already agreed to” during the initial servicing period, resulting in considerable harm to the complainant.
The Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA) are enforced by the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB). The 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). The complaint above illustrates how these laws can be extremely effective tools to hold accountable collection agencies who fail to adhere to their provisions.
These laws also provide individuals 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.
Seek legal assistance to find the relief you may be entitled to if you are having difficulty resolving disputes with a debt collection agency.
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
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