Is Asset Recovery Associates ARA calling?

Regardless of the type of personal debt you have accrued, the reasons why you have acquired it, or your current ability to repay it, third-party debt collectors like Asset Recovery Associates ARA, often try to coerce you into paying off those debts. This often makes them cross the thin line that differentiates between what is legal and what is illegal during the debt collection process.

If you are currently receiving endless and disturbing calls from Asset Recovery Associates ARA., then you get the picture of how debt collectors tend to cross the line. Your request to not be bothered again probably even went unanswered, and they might have turned the heat up by saying you are a criminal, and that they can contact or speak to you however they please simply because you owe a debt. They might have also committed one of the greatest injustices by force-feeding you wrong information just to scare you and get you to pay off your debt quickly. You may be going through all of these great injustices and wondering if there are any laws that prohibit these cruel acts. Well, luckily for you, there is.

The FDCPA (Fair Debt Collection Practices Act) instructs all third party debt collectors to respect and protect the rights of their customers. This does not mean that they cannot call them and make attempts to collect on a debt, it only restricts the means and methods that they can use to get you to resolve your delinquent account. It is also noteworthy of mentioning that you can get up to $1000 in statutory damages for any FDCPA violation claim, as the debt collection agency is guilty of harassment and invading your personal life.

If Asset Recovery Associates ARA is harassing you with constant phone calls, or threatening to take legal action and garnish your wages, or telling your family and neighbors that you owe a debt, their actions are illegal and need to be stopped. Call us now on 844-9791-1990 to take action.

Why Asset Recovery Associates (ARA) is calling?

You may be wondering why Asset Recovery Associates ARA has suddenly started calling when you didn’t have any business to do with them. The reason is that if your debt has gone into default for the first time, you usually will usually be in communication with the internal collector of your original creditor (that is, the person or organization from whom you directly acquired the loan). This is known as a first-party debt collection agent.

If your debt has gone into default for a long time and you still fail to make payments to your first-party debt collection agent or original creditor, it will be assigned to a third-party debt collection organization. The debt is, however, still owned by, and owed to, the original creditor. If the third-party agency successfully gets you to resolve your debt, they will earn a commission on the amount that you pay. Because they earn only when they get you to resolve your debt, they will often go to the greatest lengths to ensure that you pay up.

The debt collection process is in its final stage when you do not make payments on your debt for so long that your original creditor will write it off and sell it (often for pennies on the dollar) to a third-party debt collection agency. In this stage of the process, your original creditor is no longer involved. The debt now belongs to the third-party agent and it is now up to them to get you to pay.

Your original creditor’s internal collector is the first-party agent, you, as the debtor, are the second party, and if the debt gets transferred to a debt collection organization, they become the third party. This is why Asset Recovery Associates ARA may be calling you.

Who is Asset Recovery Associates, ARA?

Asset Recovery Associates is a third-party debt collector that is currently based out of Lombard, Illinois.  They also go by the name Financial Credit Service and was started in 2003. In most but not all cases, ARA buys debt from other companies for pennies on the dollar and then tries to collect the full amount. This type of debt is often very old and so old that it cannot be legally collected. While ARA buys debts and therefore collects on debts that it owns, the company is still required to follow and abide by the Fair Debt Collection Practices Act. Asset Recovery Associates also does business under Financial Credit Service, Inc.

Contact Information

Address: 1919 S Highland Ave STE 225A
Lombard, IL 60148-6180
Phone: (800) 706-3401
Fax: (877) 991-3462 & (847) 925-2050

Is Asset Recovery Solutions a scam?

According to the Better Business Bureau website, Asset Recovery Associates has been in business since 2003. There have been 118 complaints closed in the last 3 years and 20 complaints closed out in the last 12 months. Read more about it here: Asset Recovery Associates Better Business Bureau 

 

Asset Recovery Associates is often referred to or searched for by other names. These include:

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Known Asset Recovery Associates (ARA) Collection Call Numbers
Are you getting harassing calls from the following numbers?

630-599-5060, 888-409-5060, 630-599-5081, 630-396-8575, 855-202-9043, 630-576-1583, 630-282-6753, 630-283-1839, 1-314-584-6755, 1-888-310-1550, 1-800-706-4301

If yes, then you are receiving calls from a known Asset Recovery Associates (ARA) number. You may be a victim of ARA phone harassment, call us now to discuss your options.

Do you have a question about Asset Recovery Associates (ARA)?

Our team is dedicated to helping you understand everything you need to know about Asset Recovery Associates (ARA) and the debt collection process. Ask us a question here.

The following is a sample list of complaints filed against Asset Recovery Associates, Inc. in 2018 and can be found on Pacer.org.

4:18-cv-03017 Hartz v. Financial Credit Service, Inc. et al

0:18-cv-61745-DPG Carr v. Financial Credit Service, Inc. et al

1:18-cv-04699 Gilman v. Financial Credit Service, Inc. et al

1:18-cv-00492-LY King et al v. Financial Credit Services, Inc. et al

3:18-cv-00413-wmc Gorczyca, James v. Financial Credit Service, Inc.

CONSUMER RIGHTS LAW FIRM, PLLC

Consumer Rights Law Firm, PLLC is a law firm that specializes in helping clients who are facing harassment from debt collectors in any form, including telephone communication. Rather than suffer alone, contact our office to begin the process to stop the ARA  harassment. Our office has been assisting consumers since 2010. We have an A+ rating with the Better Business Bureau.

If you are interested in learning more about how to safeguard yourself and prevent even more harassment from ARA, call us at (877)700-5790 for immediate assistance or visit our website at www.consumerlawfirmcenter.com

Check out the links below for more information:

https://www.consumer.ftc.gov/articles/debt-collection-faqs

Attorney General Illinois 

Consumer Financial Protection Bureau 

Are you receiving Harassing Phone Calls from 1-314-584-6755?

https://consumerlawfirmcenter.com/rapid-recovery-solutions-debt-collection-harassment/

https://consumerlawfirmcenter.com/ars-phone-harassment/

https://consumerlawfirmcenter.com/paragon-revenue-group-debt-collection-harassment/

Stoneleigh Recovery Associates Debt Collection Harassment?