How to Remove Incorrect Receivables Management Systems From Your Credit Report
Do you check your credit report every year? Do you know if there are correct or incorrect records saying you have overdue debts? Has (RMS) contacted you about a delinquent debt? Do you know how to solve errors and mistakes in your credit records? Credit reports are used for many things today. Your credit rating determines if you can get new credit, how much interest you will pay, and even if you will be offered the job you just applied for. Mistakes and inaccuracies on your credit report are serious and must be corrected. DoNotPay has a wealth of experience in solving credit record issues of all kinds.
For example, you may want to learn how to improve your credit score. A lot of credit inquiries on your report may suggest that you have applied for new credit but have been rejected by other companies. That could be a red flag, so you may want to know how you remove inquiries from your credit report. Many of us have had to make late payments on a credit card or other line of credit. You can ask to have those late payment records removed. If you receive a validation letter you must check its accuracy and know how to respond. DoNotPay explains it and shows you how. As well as knowing how to fix a credit score, you may need help with having collections removed from your credit report once you have dealt with the matter.
At the other extreme, you may need to know about handling a dispute when you can't get an error corrected. That will also mean you may need help with writing a dispute letter to the company that says you owe money, or to Receivables Management Systems if they are the debt collections agent, who wants to collect the money you don't owe. DoNotPay is here to help you solve credit report errors and disputes.
Who Are Receivable Management Systems, and What Do They Do?
(RMS) is a third-party collections agency. They started in Richmond, VA, 25 years ago. RMS focuses on:
- Medical Collections.
- Consumer Collections.
- Commercial Collections.
Their prime purpose is accelerating debt recovery. If your debt record has been passed to them, you can expect a series of letters and telephone calls. Their goal is to make it as clear as possible, and professionally, that debt fulfillment is at the top of the agenda.
Their contact details are:
|Address||PO Box 73810, N. Chesterfield, VA 23235-8047|
|Telephone Number||(804) 353 9300|
|(800) 241 1611|
|Hours of Operation||Monday to Thursday||8:00 am – 8:00 pm|
|Friday||8:00 am – 5:00 pm|
|Saturday||8:00 am – 12:00 pm|
What if a Debt Collections Agent Contacts You?
Almost 300 million Americans have a credit file and, before COVID-19 hit, almost 70 million of them had a debt that was put into collections. That number may be higher today. High numbers mean two things:
- Collection agents and their clients make mistakes.
- Collection agents have to work quickly, professionally, and politely, to recover the debt as quickly as possible.
Mistakes should be corrected, and speed often means the debtor feels under pressure to do what they are asked, rather than to think of the options they may have available. In either case, DoNotPay can work on your behalf to help deal with things for you.
What If There Are Mistakes?
If you receive a letter from Receivable Management Systems and you disagree with its content, immediately write back:
- Refer to their letter and say you dispute the content of their communication.
- Repeat the details in your dispute letter and attach a copy of their letter to yours.
- Explain where they are wrong.
- State they must remove this collections record from your credit file at all credit bureaus.
- Demand, politely, they confirm their error is corrected.
- Send your letter by recorded delivery, so the USPS confirms RMS received it.
If RMS calls you, explain the error and that you have written to them. Do not engage in a telephone conversation. RMS will record the conversation and will be able to use anything said if they or their client dispute your version, and the matter goes to court. Simply say, they must respond in writing to your letter.
What if You Do Owe the Money?
You have several options:
- Agree to pay the debt, and agree with the Receivable Management Systems caller about how you should pay it.
- If you cannot pay it all at once, or if you choose not to, agree on a sequence (time and amounts) to pay it down.
- See if RMS (or your creditor) will accept partial payment to cancel the debt and remove the collections notice from your credit reports. This is called a pay-for-delete request.
- Request a goodwill adjustment. Ask your creditor to remove the delinquent record from your credit report as a sign of goodwill, because you want to pay the debt.
- Ask for all agreements and actions to be recorded and mailed to you for your records.
- Demand a validation letter from them when your agreed actions have all been completed.
What if the Error is on Your Credit Report?
If you have not been contacted by RMS or any other collection agency, but you see an error of any sort on your credit report, respond immediately. You have a right to a free copy each year of your credit reports published by Experian, Equifax, and TransUnion. Credit report errors can have major consequences for any future credit you apply for. This is what you must do to correct credit report errors:
- Write to the credit bureau to dispute the data.
- Also, write to the creditor to register your dispute.
- Be as detailed and clear as possible.
- In your dispute letter, clarify that they have 30 business days to make the correction.
- Check back with the credit bureaus, the creditor, and RMS to make sure they have corrected their mistake.
- If the correction is not made, you should consider taking out a lawsuit against the creditor and Receivables Management systems, if they are attempting to collect the money.
Taking Out a Lawsuit
If your suit is successful, the court will require the error to be corrected within a set timeline, and you may be awarded compensation. RMS, and all credit agencies, are experienced in handling lawsuits, so you must prepare well, and seek advice. An alternative, of course, is to leave everything to DoNotPay.
Ask DoNotPay to Handle Everything For You
You may need assistance from DoNotPay to:
- Correct an error on your credit report.
- Communicate with all credit bureaus, the creditor, and Receivables Management systems by filing a goodwill removal letter.
- Handle an unresolved error by sending a credit dispute letter for you.
- Submitting a debt validation request.
- Submitting a pay-to-delete negotiation letter.
To achieve any of these, all you have to do is follow these three quick and easy steps:
- Search Clean Credit Report on DoNotPay.
- Prepare a recent copy of your credit report that you can use as reference.
- Let us guide you through the 4 potential options:
- If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
- If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.
- If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!
- Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.
How Else Can DoNotPay Help
DoNotPay is experienced in many areas of dealing with debt, handling errors, and providing valuable background and support information. Here are just three more things DoNotPay can do for you:
- Help you learn how to cancel services and subscriptions.
- Show you how to write and submit financial aid appeal letters,
- Give you advice on, paying bills, and suggest where you can get grants to help.
Whatever your problem, and especially if it is to do with Receivables Management Systems, please start to solve it !