Did you recently receive a mailer from 250 E Broad St Ste 400 Columbus, OH 43215-3761 or a phone call from (855) 202-0113 stating you have remaining debt you need to pay? This is Revco Solutions.
Revco Solutions contacts individuals regarding a debt when their records indicate that the individual has an outstanding debt with one of their clients. To deal with Revco Solutions, it’s essential to know that they are a legitimate company and there is a process to dispute your debt.
If Revco Solutions got in touch with you to notify you about a pending debt lawsuit against you, it is essential to respond promptly and assertively. Here is what to say in your response. Not taking action after receiving notices of your debt or the lawsuit is not advisable, as the lawsuit will persist regardless of your inaction.
Besides, failing to address the suit will result in a default judgment in favor of Revco Solutions, empowering them to garnish your wages and place liens on your assets.
What is Revco Solutions?
Revco Solutions is a debt company that may appear on your credit report and potentially hurt your score for years. This company provides debt collection services to businesses and organizations.
They work with clients across various industries, including healthcare, financial services, telecommunications, and utilities. Their services include first-party and third-party collection, skip tracing, and debt recovery.
Contact Details
Here is Revco Solutions’ contact information:
Address:
250 E Broad St Ste 400
Columbus, OH 43215-3761
Phone Number:
(855) 202-0113
Email:
Website:
Revco Solutions History
Revco Solutions has a long history. It was originally known as the Registered Vitamin Company, founded in Detroit, in 1948, and was acquired in 1979 by Mark and Peggy Schwaiger, a husband-and-wife team with experience in the debt collection industry as Revenue Collections, Inc. The company started as a small, family-owned business focused on providing quality debt collection services to healthcare providers in Ohio.
Revenue Collections, Inc. grew over the years and expanded its services beyond the healthcare industry, working with clients in other sectors such as financial services, telecommunications, and utilities.
In 2018, the company changed its name to Revco Solutions to reflect its broader focus and service offerings. In 2010, Revco Solutions acquired the Affiliated Group, a collections agency based in Minnesota, which helped expand its presence in the Midwest region of the United States. Today, Revco Solutions has multiple locations across the country and employs over 600 people.
Revco Solutions Reviews
Dealing with debt collectors like Revco Solutions can be a stressful and upsetting experience, as they may resort to extreme measures, sometimes unethical or illegal, to persuade you to pay your debt. This may involve ongoing phone calls or threatening letters in the mail.
Revco Solutions, a company specializing in debt collection, frequently receives grievances regarding false debt collection accounts. An outstanding account with Revco Solutions that appears on your credit report may adversely affect your credit score for years.
Google Reviews
Revco Solutions Google’s average rating is 1.2 out of 5, with over 79 reviews. Most customers have raised concerns over poor customer service, and rude staff, as other reviews cite issues with communication and billing errors.
From these reviews, consumers reported the Revco Solutions agents were adamant to provide details on their debts and the original creditor. It is important to understand your rights as a debtor, which includes agents using proper language, and you asking the collection agency to confirm the debt.
BBB Reviews
Revco Solutions is not accredited by BBB, but BBB rates it as a B-. The reviews, however, rate it lower with a 1.06-star rating of 5 stars. Based on some customer complaints and the low BBB rating, this company has a significant issue with customer service and billing practices.
It is concerning that there have been 116 complaints closed in the last three years and 33 in the previous 12 months. The most recent complaint regarding billing issues involving a senior citizen is particularly troubling. Consumers should exercise caution when dealing with collection agencies.
Other Reviews
Based on these complaints, Revco Solutions appears to engage in unethical debt collection practices. At times they attempt to collect debts from individuals who do not owe. It is vital for companies to adhere to the FDCPA and to treat individuals with respect. Revco Solutions has fallen short in this regard.
How To Stop Revco Solutions
Are you fed up with the never-ending calls from the Revco Solutions? Fear not! There’s a step-by-step guide on how to stop them in their tracks.
1. Use an 11 Word Phrase to Stop the Calls
The first thing you can do is use this 11-word phrase: “I request that you cease all communication with me immediately.”
As a debtor, you have rights, and you can use this phrase to stop debt collectors, including the Revco Solutions, from calling you. Protect your peace and say goodbye to annoying phone calls for good. This guide will provide you with the information and tools you need to effectively stop the Revco Solutions from contacting you.
2. Make Revco Solutions Validate the Debt
If you’ve received a call from the Revco Solutions and are unsure about the debt they’re referring to, don’t panic. The first step is to verify that the call is from the legitimate company. Next, validate your debt by sending a Debt Validation Letter. This will help you get clarity on the debt and ensure that it’s yours to pay. Lastly, check your credit report to see if the debt is listed there.
3. Confirm Debt Is Within Statute of Limitations
Are you aware that debts are subject to a statute of limitations? This statute of limitations sets a specific timeframe within which a creditor or debt collector must initiate legal action against a debtor to reclaim outstanding debt. Once this time limit expires, the creditor or debt collector loses their right to pursue any legal remedies for debt recovery.
Typically, the statute of limitations for most debts is six years from your last payment or communication. However, the duration may vary depending on the type of debt. For instance, mortgages possess a longer time limit. Suppose you’ve missed several mortgage payments, leading to the repossession of your home. In that case, the lender retains six years to recover the loan interest and 12 years to recover the principal amount. Here’s a breakdown of the statute of limitations by state.
If your lender delays taking action to recover the debt, it can become statute-barred. Although this doesn’t erase your debt, it prevents your lender from using legal means, such as filing a lawsuit, to recoup the debt. Consequently, waiting for your debt to become statute-barred doesn’t render it nonexistent.
A debt becomes statute-barred when no payments have been made towards the outstanding amount, neither the debtor nor their representative has acknowledged the debt, and the creditor has not pursued legal action for debt recovery.
When was your last payment? Determine the date, make the necessary calculations, and ascertain whether your debt is statute-barred or within the limits. If it falls within the limits, gather information on the debt and begin devising a repayment strategy. If not, you can use this information as leverage against your lender in court.
4. Resolve the Debt
Once you’ve confirmed that the debt falls within the statute, it’s time to address it. You can either verify if the debt is yours and settle it, or dispute it if it’s not.
Settling the Debt
Upon being contacted by the Revco Solutions and acknowledging that you are the debtor and the debt is within the statute of limitations, you can proceed to resolve it. Discuss the debt with the Group to see if they’re willing to settle for less than the original amount. If they’re unwilling to settle, you can negotiate a payment plan for the debt.
Most debt collectors are open to establishing a plan to recover the debt. If they agree to a payment plan or a settlement, ensure you have the agreement in writing. Specify the negotiated amount and payment terms before making any payments.
If you can afford to pay off the debt, do so. If you’ve been making timely payments, you can request a goodwill deletion from the Revco Solutions. Draft a clear letter explaining your request, detailing the debt’s transfer to the collection agency, and how you plan to rectify the issue. They will decide whether to remove the item or not.
The Revco Solutions may refuse to delete the debt. Even if they agree to delete it, they’re not obligated to remove the information from your credit report. However, paying off your debt is still advantageous even if the record remains on your credit report, as it may not impact your credit score.
Disputing the debt
If the Revco Solutions contacts you regarding a debt you believe isn’t yours, you can dispute it. Write a dispute letter and send it to the agency within 30 days of their initial contact. Also, send the letter to the credit reporting agencies for an investigation. If they cannot verify the debt, it will be removed from your credit report.
Debtors have the right to dispute a debt under the Fair Credit Reporting Act (FCRA) in Section 609. Hence, credit dispute letters are often referred to as 609 letters. After 30 days, the collector must cease all collection efforts, including communication, until they verify the debt and confirm you as the valid debtor.
Pro Tip: Ensure your dispute letter is dated and retain a copy as proof of submission. If sent by mail, keep a copy for your records. Remember, you can only dispute if the debt is inaccurate.
What Should I Write in My Dispute Letter
Your dispute letter should include:
- Your full name
- Contact information
- The name and contact of the Revco Solutions
- A request for them to communicate the alleged debt amount
- A request for the original creditor’s name and contact information
- A request for proof of the debt
Work with a Lawyer to Write a Dispute Letter
Dealing with a debt collection agency for an unfamiliar debt can be daunting. We recommend partnering with a lawyer to draft a dispute letter. They know what to include and exclude from the letter. Furthermore, they can ensure the filing deadline adheres to the time limit set by the FDCPA. A lawyer can quickly identify false statements, threats, or other misconduct by the debt collection agency, which can be used in your defense.
Understand Your Rights
Debtors often feel helpless when they fall behind on payments and have ignored debt collectors. However, even with delayed loan repayments, you still have rights as a debtor. Debt collectors, including the Revco Solutions, must not:
- Contact others, such as family or friends, to reach you. They can only communicate through your attorney or a consumer reporting agency.
- Call before 8:00 am or after 9:00 pm.
- Use misleading or false information about the debt.
- Add extra charges, fees, or interest on the original outstanding debt.
- Use abusive language or harass you regarding the debt.
- Call your workplace if your employer prohibits such communication.
Pursue Legal Action Against Revco Solutions
If other methods and the 11-word phrase fail, consider legal action against the Revco Solutions. Collaborate with an experienced debt collection lawyer to explore your options. You may have a strong case if:
- You can prove receiving calls from the Revco Solutions before 8 am or after 9 pm.
- They use offensive language to pressure you into paying.
- The agency makes criminal accusations or tries to intimidate you with threats of arrest, violence, lawsuits, or negative credit reports.
- They contact others about your debts.
- You receive calls at work, especially if they are automated robocalls.
A debt collection attorney can evaluate your case and provide guidance.
Does Revco Solutions Sue for Unpaid Debt?
Indeed, the Revco Solutions does sue debtors for unpaid debts, although it’s not always the case. Their decision to sue hinges on your level of cooperation and your commitment to repaying the debt or negotiating a repayment plan.
Will Revco Solutions sue or garnish your wages?
As a debt collection agency, Revco Solutions employs a range of tactics to recover debts. They may persistently contact you or resort to legal action, such as suing you and garnishing your wages. Consequently, if their attempts to communicate with you fail, they might file a lawsuit, seeking permission to garnish your wages. If granted by the court, your wages could be garnished.
Laws concerning wage garnishment differ among states; therefore, it’s crucial to familiarize yourself with the regulations in your state. Although Revco Solutions, a lawful debt collection agency, has the right to contact you regarding outstanding debts, the Fair Debt Collection Practices Act (FDCPA) mandates that they cease communication if you request it. This often prompts them to pursue legal action, typically in the form of a lawsuit.
If Revco Solutions has sued you for a debt that you’re not liable for, it’s crucial to seek counsel from an attorney experienced in debt collection cases.
How Debt Collection Answers Can Help
Handling relentless calls and ceaseless letters from the Revco Solutions, especially when the debt details are erroneous, can be overwhelming. Sadly, debt collection agencies are prone to making mistakes, and identity theft only exacerbates the issue. Gaining insight into debt collection processes is vital, as it equips you with the knowledge needed to respond effectively when contacted by debt collectors. This understanding will also help you ward off debt collectors and recognize your rights in such situations. If you have any debt collection-related questions, don’t hesitate to contact us for free assistance today!