Resurgent Capital Services is a third-party debt collection agency. This means they purchased an old alleged debt account of yours, for mere pennies on the dollar. Resurgent Capital Service is associated with the collection agency LVNV Funding.
It appears that LVNV will purchase the debt account, then Resurgent will actually contact you and attempt to collect payment. If you are currently being contacted by Resurgent Capital Services it’s important to know that they are required to follow strict federal guidelines.
They can not:
- Threaten to arrest or imprison you
- Freeze your assets without proper procedure
(suing you in a court of law)
- Threaten bodily harm
- Threaten action against your family or loved ones
- Continue to contact you, if you have properly requested that they stop
For a complete list of federal regulations governing how debt collectors can attempt to collect payment from you, please review the Fair Debt Collection Practices Act (FDCPA). If your rights have been violated, then Resurgent Capital Services can be found liable. And be required to pay you up to $1,000.00 for damages.
Resurgent Capital Services
15 S. Main St. Suite 600
Greenville, SC 29601
Phone number: 1-800-365-7107
How To Deal With Resurgent Capital Services
If you are currently being contacted by Resurgent Capital Services, there are a few key things to consider, before you make a payment.
1. Is This Your Debt?
Do you recognize the debt that Resurgent is contacting you for payment on? It’s not unusual for collection agencies to drop the ball. It is a regular occurrence for debt collectors, to attempt to collect payment on an account, from individuals who never actually owned the account.
In other words, the wrong person! Did you know, some people have even been sued in a court of law for repayment of a debt, that was never their debt? Most often this is a case of mistaken identity, but it has happened and not just to one person.
2. Are You Still Legally Responsible For Repayment?
Most consumer debts are governed by the statute of limitations. This is a legal mandate that says, you are only legally responsible for repayment of a debt for a specific number of years, often six to seven years.
If your debt account has aged past the statute of limitations, then you’re no longer legally responsible for repayment. The statute of limitations varies from state to state. It is important to take this into consideration, because you may no longer be responsible for paying off debt in collections.
Protect Yourself From Resurgent Capital Services
If you are currently dealing with debt collectors and their high-pressure tactics. It is smart to consider getting expert credit repair help. We would encourage you to first start by requesting debt validation.
This is your way of saying: “Prove this is my debt and then we can talk about repayment.” Resurgent Capital Services should respond to your debt validation letter within 30 days of receipt. It is important that you send your letter using certified mail. Should you need proof of your validation request.
If Resurgent Capital Services does not validate your debt. Then you’re no longer responsible for repayment. In addition, they are supposed to remove collections from credit report histories for all three of your credit reports.
If Resurgent Capital Services does validate your debt and it is your account, then you should negotiate a settlement payment. It is vital, you get Resurgent to agree to stop reporting your account information to the credit bureaus, in exchange for your payment.
If you do not get this agreement, after you make your settlement payment, the collection item on your credit report will simply be changed to a paid collection. This is still a derogatory mark and will damage your overall credit score.
There are are many consumer reports that claim Resurgent is using manipulative, unethical, and even illegal collection tactics. If you have been a victim of predatory collection agencies, we strongly encourage you to contact a consumer credit attorney. Along with reporting this behavior to your attorney general and the Federal Trade Commission.
It is common for collection agencies to break federal regulation, and infringe on your rights. Resurgent Capital Services may be one of them, and they may have a few rogue collection agents, making their own rules. But, you don’t have to be a victim.
By nature, collection agencies have an adversarial relationship with you, and every consumer. In other words, Resurgent Capital Services is only concerned with helping themselves, and thus you have to take action to make sure your interests are looked after.
If you’re not being contacted by Resurgent Capital Services for payment, but have bad credit on your credit reports, you may want to start by disputing credit report items directly with the credit bureaus. However, you choose to move forward don’t just pay Resurgent Capital Services, or any affiliated collection agency.
Just paying off collections, is what keeps these guys in business. Instead, negotiate a settlement payment, if your debt is valid, and in exchange make sure they will stop reporting your account information to the three major credit bureaus. It may also be in your best interest to let the statute of limitations run out on your account.
In sum, your credit score works a lot like your Grade Point Average (GPA) in school days. It doesn’t matter if you’re acing all your classes, if you’re failing underwater basket weaving, because this one negative mark is going to decimate your overall GPA.
This is also true of your credit score. FICO openly says this. And this is why it’s so important we clean credit file dings, blemishes, and remove any negative credit report items. We encourage our members to consider professional, legal, and top credit repair companies to help.
Because in 2016 alone, over 9 million negative items were removed from consumer’s credit reports. One of the best firms is The Credit Pros. They’ve helped client’s successfully remove collections, late payments, charge offs, judgements, liens, and many more negative credit report items.
Get a free credit consultation with a certified FICO professional by calling toll-free 1-877-418-7596. And for more tips, techniques, and strategies about how to improve my credit score with Dan Willis, sign up for our free newsletter and join our congregation.
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