Source Receivables Management SRM Collections Complaints? We Stop Calls and Harassment.

We help consumers who have complaints about collection harassment.

Source Receivables Management LLC or SRS is a debt collection agency, which receives a lot of consumer complaints to our law firm for debt harassment. Find out who they are, why they might be calling, and how you can stop them.

Quick links:

What is Source Receivables Management – SRM?

Source Receivables Management or SRM is a third-party collection agency based in North Carolina. SRM has received complaints alleging violations of the Fair Debt Collection Practices Act (FDCPA), including attempting to collect debts not owed and using false or misleading language in an effort to collect a debt. If you have been contacted by SRM, make sure you understand your rights before responding.

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 Source Receivables Management a scam?

They’re legit. span>According to the Better Business Bureau (BBB), Source Receivables Management, LLC was founded and incorporated in March 2008. The BBB established SRM’s profile page the same day the company was started. SRM is listed as a collection agency with four phone numbers listed as additional to its main contact number. Buzzfile estimates SRM’s annual revenue at $1.8 millionand the size of its headquarters staff at 25 employees.

According to its website, SRM’s business is“to maximize…collection return by providing customized collection solutions.” SRM strives to “be the final piece of …the collection puzzle by creating…custom” solutions “using the latest in innovative technology, account scoring, and analytics.”

SRM’s client base is drawn from many different areas of business and industry. Their creditor clients include many types of companies, including telecommunications; utility service providers; healthcare providers; retail credit card lenders; and banks and credit unions. In addition, SRM accepts commercial collection accounts and delinquent accounts from debt purchasers.

Source Receivables Management has “functioned in leadership capacities with some of the largest companies” in the collections industry, with a “professional collection staff that averages more than eleven years in the industry.” SRM has expressed their willingness “to lend…their talents, reputation, and experience to each and every client… and will do whatever it takes to tailor a solution to not only meet, but exceed…goals.”

Source Receivables Management was certified in 2009 by the National Women Business Owners Corporation (NWBC) as a Women Owned Business Enterprise (WBE), and states that it is “acutely aware” of their clients’ “desire to meet supplier diversity objectives.” SRM is also an affiliate of ACA International. Their Customer Assistance page provides a link to ACA International’s Ask Dr. Debt website. However, their Question and Answer page offers answers to common consumer questions that are biased in favor of collection agencies and creditors and does not provide any links or references to neutral consumer protection resources, laws, or enforcement agencies.

How many complaints are there against Source Receivables Management – SRM?

The BBB has closed 67 complaints against Source Receivables Management in the past three years, with 39 complaints closed in the past 12 months. The largest share of those complaints allege problems with billing and collection services. Many consumers also complained about problems with SRM’s advertising, sales, and customer service performance. As of April 2015, the Consumer Financial Protection Bureau (CFPB) has closed 78 complaints against SRM. Justia lists at least 7 cases of civil litigation involving SRM.

Source Receivables Management Contact Information

Source Receivables Management, LLC
PO Box 4068
Greensboro, NC 27404
Telephone: (877) 251-3775

Can Source Receivables Management 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 Source Receivables Management 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!

Click 844-685-9200 NOW to call us.

Or go ahead and fill out our Contact Form. Our services are absolutely FREE to you.

Can you help me file a No Fee Lawsuit against Source Receivables Management LLC – SRM?

Absolutely. Here are some Sample Cases against Source Receivables Management LLC

In September 2012, in the United States District Court for the Northern District of Illinois, Eastern Division, a judge issued a Memorandum and Order in a class action lawsuit alleging Source Receivables Management had violated certain provisions of the FDCPA. In this case, the plaintiff had originally acquired credit card debt with LVNV Funding, LLC. The defendant fell behind on his payments, and it was sent to Resurgent Capital Services (RCS) for collection. RCS failed to obtain the balance on the delinquent account, and LVNV charged it off in May 2000. The charged-off debt was ultimately sold to SRM. In November 2011, Source Receivables Management sent the plaintiff a collection notice that listed RCS as the client but did not name the original creditor and did not include any information about the original debt. The letter showed a current balance of $11,426.29 and demanded payment to SRM. The letter stated that the plaintiff should contact Source Receivables Management “to avoid further collection efforts,” and also included a statement that the plaintiff had the right to dispute the debt.

The plaintiff alleged several violations in this case. First, because the statute of limitations in Illinois is five years, SRM’s efforts to collect represented an illegal attempt “to collect a debt that was time-barred.” In addition, “the dunning letter does not disclose that the debt is beyond the statute of limitations…and the letter…was a form letter also sent to” other consumers who were named as part of a class action. In addition, the plaintiff’s complaint alleged that SRM’s letter violated provisions of the FDCPA prohibiting “unfair and deceptive acts and practices,” including the misrepresentation of the legal status of the debt. In all, the plaintiff cited five violations of the FDCPA—Section 1692g, 1692e, 1692e(2), 1692e(5), and 1692e(10). The court agreed that the plaintiff had stated a valid claim against SRM for sending a letter that implied that a debt was legally enforceable when it was, “in fact, barred by the statute of limitations.” In addition, the court agreed that the letter stated implication that failure to pay the debt would result in “further collection efforts” was sufficient to convince an unsophisticated debtor that the debt was legally enforceable. Although attorneys for Source Receivables Management cited other cases in which similar collection letters were found not to have violated the FDCPA, the court found that “neither of the letters at issue in those cases contained language comparable to that in the dunning letter” in this case. As a result, SRM’s motion to dismiss the plaintiff’s complaint was denied.

Source Receivables Management SRM Calling You?

Understanding Your Debt Collection Rights

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.

Want to Stop Source Receivables Management Debt Collection Harassment Now?

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 receiving 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

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

“Every e-mail sent or phone call made to your firm was answered not only promptly, but virtually immediately. Mr. Hirnyk patiently explained every legal concept – including what was possible and what was not – under existing state and federal consumer law.”

“Prior to contacting you, we had tried repeatedly to handle this matter without threatening litigation. In the end, not only were they unapologetic, but they were dismissive – even of an attorney friend who called on our behalf. Sincerest thanks for resolving this matter for us!”

“Know that Sergei, and your firm did a good thing. You took on a big company for little people and righted a wrong. For this we are grateful.”

“Thank you and your team at Lemberg Law for the exceptional work you did on my behalf. I have never experienced the level of care, professionalism, timeliness in follow-through, and monetary compensation obtained through your firm.”

Can You Help Me Delete Source Receivables Management SRM from My Credit Report?

We can absolutely help. Call us today.

Sound Off!

Have you had a bad experience with this agency’s debt collectors? Sound off and share your experience with other visitors in the comment box below.

  • Jane

    Awful. Called for an explanation and the call center agent told me to get off her line. Disgusted. Don’t expect any less from sprint to hire these idiots.

  • Felicia M

    I paid them over1200 dollar and they refuse to remove it from all three of my credit report it was a sprint phone bill

  • Camie

    SRM reported a debt to the credit bureau that I paid to another collection agency.

Leave a Reply or Comment

Write a comment below to share online. Or, instead you can to our legal team.
Email is required to block spam, but will not be published.

Briefly describe the problem Briefly describe the problem

What’s your name? What’s your name?

What’s your phone number? What’s your phone number?

Get Your No-Obligation
Case Evaluation

Send a secure message to our legal team.

What’s your name? What’s your name?
What’s your email address? What’s your email address?
What’s your phone number? What’s your phone number?
Briefly describe the problem Briefly describe the problem
Your information is kept 100% confidential. We do not spam or sell your information.