Recovery One LLC
Contacted by Recovery One LLC?
You need the right information to act wisely with this company.
If you are in debt and have received a bad credit report, or if you have been contacted by a this collection agency, then there are some things that you should know about.
Recovery is a junk debt buyer.
Junk debt buyers are agencies or companies that will buy your bad debts from the original lender (your bank or your credit card company). The junk debt buyers (JDB) then take it upon themselves to collect the payment from you.
Sometimes banks or other lenders will hire third party collection agencies to collect on debts after they have exhausted other methods.
One such company is Recovery One.
If you have credit debts or other outstanding bills and have been contacted by this commercial collection agency for collection of outstanding debts, there are a few things you should know.
The Background of Recovery OneRecovery One is a worldwide company which claims over 30 years of experience in debt collection.
They are based in the Columbus, Ohio area.
Associations and memberships listed on their website include ACA International (The Association of Credit and Collection Professionals), ORMA (Ohio Receivables Management Association), Dublin Chamber of Commerce, and NACM (National Association of Credit Management), and NASTC (The National Association of Small Trucking Companies).
A search of ACA International's website lists this agency with president Jerry Cameron as members of the association.
While many junk debt buyers and collection agencies are known for breaches of the laws governing credit debt and debt collection, the agency's website indicates that they partner with attorneys to ensure that no legal requirements are violated.
Many attorneys win lawsuits against JDB's and collection agencies that break the law in their attempt to collect on defaulted debts, so working with experienced credit lawyers would be an important asset to a collection agency.
This commercial collection agency specializes in transportation and freight bill collections and are also equipped to assist small businesses in processing and collecting overdue claims.
Better Business Bureau
This collection agency is not a member of the Better Business Bureau, but the BBB still files reports and ratings on non-BBB accredited businesses.
Recovery received the grade of "B" on a scale of A+ to F. The reason listed for this rating was eight complaints against the business.
According to the BBB, seven of these were related to billing/collection issues (errors, questionable practices, etc.) and one was related to sales practice issues (customer service).
The seven billing complaints were resolved (resolved by the company) and the sales practice complaint was administratively closed (BBB determined that the normal methods of dispute resolution were not sufficient to resolve the complaint).
Learn how many people just like you got this company off their backs!
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