Pay-for-delete agreements are precisely what they sound like: in exchange for payment of the debt or a certain portion of the debt, the debt collection agency offers to remove the collections account from your credit report. This is why an up-front pay-for-deletion arrangement should be negotiated. The presence of paid collections on a credit report might have a negative effect on the score. Please write to DRS at 135 Interstate Blvd., Ste. They must promptly stop reporting the debt on your credit report. If you find out that the debt isn’t yours, you can send a letter to DRS and the credit bureau disputing it. You can discover examples of completed forms online to help alleviate any concerns you may have about completing the form correctly. This form is used to verify the debtor’s name, SSN, and the date of the transaction. The debt collection agency may not respond if you wait any longer, so it’s in your best interest to act quickly.Ĭomplete a Section 609 (A) form to verify the debt is actually yours. As soon as they tell you this, you have 30 days to write a debt validation letter. Within five days of making initial contact, DRS is required to inform you of your right to check the debt. Thus, it is crucial that you check your credit report to ensure that all of the information is accurate. One in five Americans has inaccurate information on their credit reports. Send a debt validation letterĪfter you have established written communication, you should verify that the debt in question is yours and is correct. Also, have this handy in the event that you need to file a complaint with the FTC or BBB (BBB). Having everything documented will serve as proof that the agreement was reached and that you fulfilled your obligations. When you file a complaint, it’s possible that the case review will turn up no evidence of your consent and put you right back where you started. If DRS misbehaves, you will have documented proof of your communications with them.ĭebt collectors often make verbal commitments or agreements over the phone, but they don’t always follow through. If you require every correspondence to be in writing, DRS will not bother you at inappropriate hours. You have the legal right to determine the parameters of your communications with a creditor or debt collector, due to the Fair Debt Collection Practices Act (FDCPA). Step one is requesting that all future correspondence with DRS or any other debt collection agency you deal with be sent to you only via regular mail. Get your credit report back on track by following these three simple steps. You shouldn’t be intimidated by the prospect of having a collection account removed from your credit record.
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How to remove DRS from your credit report This issue will not go on its own, and putting off fixing it will only cause you stress and frustration. Your credit record may display two separate accounts for the same debt: one from the original creditor, and another from DRS (occasionally spelled “Dynamic Recovery Services”). Having that account on your credit report can make it difficult, if not impossible, to receive a loan for years afterward. DRS will continue to contact you relentlessly until you pay up. The original creditor will use DRS to pursue repayment of your debt if you have a medical bill, student loan, or any other sort of debt that you could not pay. In a nutshell, DRS agents have reached out to you because they want you to pay up some past due bills.
However, it may resort to scare tactics in the hopes of coercing you into paying off the old debt. If you can show that you understand your rights as a consumer, the corporation won’t break the law.
DRS is a genuine debt collector, notwithstanding your concerns about its business practices. Contact informationĪddress: 135 Interstate Blvd, Greenville, SC 29615, United States For past-due accounts, Dynamic Recovery Solutions will go as far back as the year 2000. Whether you run a small, medium, or large firm, you can rely on the expertise of Dynamic Recovery Solutions’ late-stage debt collection team. Located in sunny South Carolina, Dynamic Recovery Solutions, LLC provides a wide range of collecting services. In our quest, we are able to confirm that PO Box 25759 Greenville Sc is owned by Dynamic Recovery Solutions. We made some efforts to confirm that the business at the supplied address of PO Box 25759 Greenville Sc is, and all you need to know. It’s important to verify the sender and the nature of the email before replying.
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