Debt Recovery Solutions or DRS 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.
What is Debt Recovery Solutions?
Debt Recovery Solutions (DRS) is a third-party collection agency based in Long Island, NY. DRS has received consumer complaints alleging violations of the Fair Debt Collection Practices Act (FDCPA), such as failing to provide written verification of debts and threatening to take actions that cannot legally be taken. If DRS has contacted you about delinquent collection items, make sure you understand your rights before taking action.
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Is Debt Recovery Solutions a scam?
They’re legit. According to the Better Business Bureau (BBB), Debt Recovery Solutions was founded in 2002. The BBB established a profile page for DRS in 2002 have been accredited since 2014. The BBB lists Debt Recovery Solutions as a collection agency. Buzzfile estimates DRS’s annual revenue at $2.1 million and the size of its headquarters staff at 18 employees.
Who does Debt Recovery Solutions collect for?
Debt Recovery Solutions accepts set accounts of any size and services accounts in most asset classes. DRS collects on a contingency basis, which means that the business makes money based on a proportion of what it collects. DRS can also be a debt purchaser, and has been certified with DBA International since February 2016. Reportedly, the bureau bids aggressively on high volume, aged accounts. Debt buying involves purchasing considerable quantities of billed accounts for a small portion of the debt owed with the intent of collecting the whole amount. Both contingency collection and debt purchasing leave the business highly motivated to pursue collections with the “persistent” attempts the agency describes.
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 Debt Recovery Solutions?
As of March 2017, the Better Business Bureau reported 191 closed Debt Recovery Solutions complaints over the previous few decades, including 69 closed DRS complaints over the past 12 months. The BBB provides DRS a B evaluation. Additionally, Justia lists eight DRS 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 135 closed DRS complaints for 2016.
Debt Recovery Solutions, LLC 6800 Jericho Turnpike, Suite 113E Syosset, NY 11791 Phone Number: 800-851-9592 Website: http://www.dbtsolutions.com/
Can Debt Recovery Solutions 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 DRS 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!
In 2010, a judge in U.S. District Court, Eastern District of New York, refused Debt Recovery Solutions’ motion to dismiss Puglisi vs. Debt Recovery Solutions for alleged violations of the Fair Debt Collection Practices Act and the Electronic Funds Transfer Act. According to the judge’s decision, the customer supposedly owed a debt to Verizon and agreed to a payment plan where DRS would draw two payments from his bank accounts on specified days. The consumer requested that the initial withdrawal be delayed by one week, but alleges that DRS withdrew the cash anyway, causing insufficient funds fees to be evaluated. The customer then lost his job and requested the debt collection agency if he could negotiate the time of the next withdrawal. He explained that he was told that they would not touch his accounts, but withdrew the cash anyhow. The judge rejected the debt collection agency’s argument that the customer did not state a claim under the FDCPA, in addition to its other arguments, and allowed the case to proceed.
Debt Recovery Solutions 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).
Can I sue DRS for harassment?
Yes. If you want to enforce your rights, or recover money for violations — you need to sue. Federal 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.
“I have tried several times to deal with debt collectors, but to no avail. Contacting you had been the best decision I have made. It was no more me contrary to the collectors. I was not alone. I had a group on my side. You truly care. Thank you so much for doing what I could not do by myself.”
“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.”
“You’re very professional and useful…. For once I did not feel as though I was alone in the conflict. I got a check in the company — which was amazing in itself — but also the debt collector is no longer on my spine. It feels like a burden has been lifted off my shoulders.”
Can You Help Me Delete Debt Recovery Solutions from My Credit Report?
We will do our very best. Contact us now and tell us what is happening.
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About the Author:
Sergei Lemberg is a lawyer whose practice focuses on consumer law, class actions and personal injury litigation. He has been repeatedly recognized as the “most active consumer attorney” in the country. In 2020, Mr. Lemberg represented Noah Duguid in the United States Supreme Court in the case entitled Duguid v. Facebook. He is the author of Defanging Debt Collectors, a book that teaches consumers how to battle debt collectors and win.