Reliance Recoveries is a collection agency located in Minneapolis, MN. They have been in business since 1986.
Address: 6160 Summit Dr. N Suite 440, Minneapolis, MN 55430
Phone Number: (763) 585-8500
Years in Business: 34 years as of 2020
Business Started: 1986
Business Started Locally: Minneapolis, MN
Business Incorporated: Yes – 1986
Type of Entity: Limited Liability Company
Doing Business As Reliance Recoveries
What do we know about Reliance Recoveries?
No current reports of legal action taken against Reliance Recoveries have been reported to Sue the Collector. We have not found any open cases against Reliance Recoveries for FDCPA violations at this time.
If you -or anyone you know- have had Reliance Recoveries or any other collection agency, violate your consumer rights let Sue the Collector help you!
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It is a violation of federal law for Reliance Recoveries to report inaccurate or incomplete information on your credit report.
You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
Reliance Recoveries may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
Who is Reliance Recoveries?
Reliance Recoveries aka Accounts Receivable Services, LLC is a debt collection agency located in Minneapolis, Minnesota. They provide debt collection services to health care providers.
You may see Reliance Recoveries listed on your credit report as a collections account. This can happen when you forget to pay a bill.
How can I remove Reliance Recoveries from my credit report?
Reliance Recoveries collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history within seven years.
(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)
Lexington Law is a professional credit repair company that helps people fix their credit.
In addition to collections, Lexington Law will help you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, judgments, tax liens, and bankruptcies.
Looking for a credit report on Reliance Recoveries?
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- See the company’s D&B PAYDEX® Score and five other Dun & Bradstreet score
The bankruptcy resolution process for Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India, and Indian Overseas Bank classifying the accounts of the telco and its units — Reliance Telecom and Reliance Infratel — as fraudulent last week, said people with the knowledge of the matter. The lenders are now looking to initiate a deeper probe, said one of the persons.
Lenders will have to make full provisions for their exposure in these accounts over the course of the next four quarters and a decision on whether they want to flag this off with the investigative agencies will also be taken soon,” said a bank executive aware of the development. “The concern among bankers is that if investigators come into the picture, that could delay the recovery process if they consider monies of these firms as proceeds of crime.”
The latest allegations
come a year after a forensic audit unearthed questionable transactions worth 5,500 crore in the three Anil Ambani-led Reliance Group entities. The probe that looked at transactions between May 2017 and March 2018 found three large entries buried under hundreds of thousands of others that the SBI-led consortium suspects could conceal fund diversion, according to the people cited above.
“The investigations, if initiated, will be against the previous management and has nothing to do with the future monetization plans,” said one of those cited above.
Should I contact or pay Reliance Recoveries?
Nothing good can come from speaking to a collection agency on the phone. And making payments on the collection account will reset the clock. So instead of helping your credit, it could make it worse. Of course, there are times when it’s best to just pay the collection account, especially if it’s new and you’re sure that it’s legit.
The best way to handle this is to work with a professional credit repair service. They have deleted millions of negative items from companies like Reliance Recoveries for millions of clients nationwide.
Will Reliance Recoveries sue me or garnish my wages?
It’s possible, but if you work with a law firm like Lexington Law, you have nothing to worry about. They will help you dispute the collection account and possibly remove it from your credit report. It’s also quite possible that you will never hear from or have to deal with Reliance Recoveries again.
Call Lexington Law to learn how they can help you avoid lawsuits and remove negative items from your credit report that will significantly improve your credit scores.
At the time of filing for bankruptcy, RCom had a debt of ₹46,000 crores. As many as 53 financial creditors, including local and foreign banks, non-banking finance companies, and funds have claimed ₹57,382 crores, of which ₹49,224 crores have been accepted by the resolution professional.
The allegations of fraud come as the dedicated bankruptcy court approved the plan by Reliance Industries subsidiary Reliance Digital Platform & Project Services to pick up the tower assets of Reliance Inf ..
Reliance Recoveries Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with a debt collection agency, you should also consider filing a complaint. Reliance Recoveries currently has an A+ rating with the Better Business Bureau.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Lexington Law knows that you have rights, and Reliance Recoveries does too.