Who is Source Receivables Management?
Source Receivables Management, LLC, also known as Source RM, is a debt collection agency based in Greensboro, North Carolina. Their primary role is to recover unpaid debts on behalf of their clients.
If you see Source Receivables Management listed on your credit report as a collections account, it means that you have an unpaid debt that has been transferred to them for collection.
Who does Source Receivables Management collect for?
Source Receivables Management collects debts for a diverse range of businesses. These include banks and credit unions, commercial entities, debt purchasers, healthcare providers, retail credit card companies, telecommunications firms, and utility companies.
Is Source Receivables Management legit or a scam?
Source Receivables Management is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove Source Receivables Management from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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Source Receivables Management, LLC Contact Information
Address:
Source Receivables Management, LLC
4615 Dundas Dr. Ste 102
Greensboro, NC 27407
Mailing address:
Source Receivables Management, LLC
PO Box 4068
Greensboro, NC 27404
Phone number: (877) 251-3775
Should I contact or pay Source Receivables Management?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with Source Receivables Management is to work with a credit repair professional. They help remove millions of negative items every year from companies like Source Receivables Management on behalf of their clients.
Will Source Receivables Management sue me or garnish my wages?
Source Receivables Management is entitled to sue you for an unpaid debt. If they win the lawsuit, the court may grant them a judgment that allows them to garnish your wages or levy your bank account to recover the debt. However, this is typically a last resort and happens only after multiple attempts to collect the debt in other ways have failed.
Source Receivables Management, LLC Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Source Receivables Management, LLC
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Source Receivables Management to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- Source Receivables Management cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Source Receivables Management must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- Source Receivables Management cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Source Receivables Management From Your Credit Report Today!
Credit Saint offers assistance with disputing Source Receivables Management collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
