Updated on January 29th, 2025 Author: stopcollections | Editor: stopcollections

Consumer Complaints Against Source Receivables Management LLC

Disclaimer: The following content is a summary of complaints submitted to the Consumer Financial Protection Bureau (CFPB) by consumers. The information provided is intended to inform and educate consumers about potential issues and experiences reported with the mentioned entity. 

The following is a summary of complaints submitted by consumers to the Consumer Financial Protection Bureau (CFPB) regarding Source Receivables Management LLC. These complaints shed light on the agency’s alleged violations and the negative impact on consumers.

Key Complaints Reported by Consumers 

Failure to Provide Validation Documentation

One of the most common complaints involves Source Receivables Management’s inability to provide proper validation of the debts they pursue. Consumers have reported that the agency often fails to furnish the necessary documentation to prove the legitimacy of the debts. This lack of transparency creates confusion and distress for the individuals targeted by these collection efforts.

If this happens to you, here’s what you can do under the law:

• Under the FDCPA (Fair Debt Collection Practices Act): You can request written validation of the debt within 30 days of being contacted. Debt collectors are legally required to provide this information.
• Under the FCRA (Fair Credit Reporting Act): If the debt is improperly listed on your credit report, you can dispute it with the credit reporting agency and request its removal.

Need assistance? We can connect you with legal experts who specialize in debt collection violations. Contact us for a free consultation.

Harassment and Unprofessional Conduct

Many consumers have cited harassment and unprofessional behavior from the agency’s representatives. Reports detail persistent, unwanted calls, often with rude or dismissive agents who refuse to provide clarity when questioned. Such conduct leaves individuals feeling bullied and overwhelmed during an already difficult time.

Your rights in cases of harassment:

• Under the FDCPA: Harassment by debt collectors, such as frequent calls or abusive language, is strictly prohibited. You can file a complaint with the CFPB or pursue legal action.

If you’ve experienced this, reach out for free legal help from our consumer protection experts.

Inaccurate Credit Reporting

A significant number of complaints involve Source Receivables reporting inaccurate debts to credit bureaus. Consumers have shared that these inaccuracies have negatively affected their credit scores, making it harder to secure loans or manage their finances effectively.

Here’s how you can fight inaccurate reporting:

• Under the FCRA: You can dispute inaccurate debt information reported to credit bureaus. The agencies are obligated to investigate and correct errors.

Struggling with inaccurate credit reporting? Contact us for a free consultation with legal experts who can help resolve these issues.

Identity Theft Issues

Some consumers have reported being pursued for debts they never incurred due to identity theft. These incidents often lead to added emotional stress and financial instability as individuals work to clear their names while facing relentless collection efforts.

Steps to take if you’ve been a victim of identity theft:

• Under the FDCPA: Notify the debt collector in writing that the debt is fraudulent and request validation.
• Under the FCRA: File a fraud alert with credit bureaus and dispute any fraudulent items on your credit report.

If Source Receivables is pursuing you for fraudulent debt, we’re here to help. Get in touch for free legal assistance.

Failure to Cease Collection Attempts

Despite consumers requesting that collection efforts stop, Source Receivables has been accused of continuing their tactics. This persistent activity raises serious legal and ethical concerns, especially when requests to cease communication go unheeded.

How to make debt collectors stop contacting you:

• Under the FDCPA: You can send a written “cease and desist” letter to the debt collector, asking them to stop all communication.

Still being harassed after asking them to stop? We’re here to help. Contact us for a free consultation to learn how you can protect your rights.

Free Legal Assistance for Victims of Debt Collector Violations

If you’re facing similar issues with Source Receivables Management, it’s crucial to know your rights and act quickly. You don’t have to deal with these violations alone.

How To Get Free Legal Assistance 

• Step 1: Reach out to our legal experts for a free consultation. 
• Step 2: Share your experience, and we’ll help assess whether your rights under the FDCPA or FCRA have been violated. 
• Step 3: If applicable, we’ll guide you through the process of filing a claim and stopping illegal collection practices.

Our legal experts specialize in protecting consumers like you from unfair debt collection practices. Take control of your situation today and assert your legal rights.

Contact us now for your FREE consultation and stop unfair debt collection practices in their tracks!

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