What is a payment recovery?

Payment recovery is a process for resolving payment errors and recovering funds erroneously paid out. Large companies can take substantial losses in accidental duplicate payments, overpayments, and misdirected payments. These firms rely on payment recovery to make good on as many losses as possible.

Is Paymentpost com safe?

Paymentpost.com is a secure payment site for Complete Payment Recovery Services.

Is direct recovery services an actual company?

Direct Recovery Services is a legitimate company. They are not a fake company, or a scam. But, they may spam call and harass you. One of the best ways to combat this is to dispute and remove unvalidated debts.

What does direct recovery services collect?

Direct Recovery Services — which may also appear on your credit report as Direct Recovery Associates — collects on both consumer and business debts. When you owe a debt to a collections agency like DRS, they can call, mail, and even text message you until you pay the debt or make other arrangements.

What does it mean when an account is transferred to recovery?

If you are being contacted by a debt recovery service, it means there is a record that you have defaulted on a loan and currently have delinquencies. These delinquencies get reported to the credit bureaus, damaging your credit score, which can potentially hurt any future loan opportunities.

How do debt recovery agencies work?

Debt Collection Agencies get paid on the basis of the percentage of the total debt that they collect. Higher the percentage of collection, higher is their commission. Hence in order to remain profitable, the agency has to be very efficient in collecting the debts.

Should I pay collections with debit card?

While consumers generally are protected against unauthorized withdrawals under the Electronic Funds Transfer Act, it may be difficult to prove the amount wasn’t approved since you gave the debt collector your debit card information. The general consensus? Avoid giving a debt collector your debit card number.

Does direct recovery services sue?

Can Direct Recovery Services Sue Me? Although anyone can sue anyone for any reason, we have not seen sue consumers, and it’s likely that the agency does not sue because they don’t always own the debt they are attempting to collect, and would also need to hire a lawyer, or use in-house counsel, to file a lawsuit.

How do I contact direct recovery services?

You may set up an arrangement by calling 855-269-9628 and setting up your payment by check, credit card, or mail.