If you have noticed Dynamic Recovery Solutions listed on your credit report, you have unfortunately acquired a collections account.
Dynamic Recovery Solutions is a collections agency that works on behalf of an original creditor to collect money owed. This means that you may receive incessant phone calls, excessive past due notices, and other forms of harassment.
Collections accounts on your credit report can remain there for up to seven years and can impact your score even after the debt is paid. So what can you do to get rid of it?
Luckily, there are a series of steps that you can take when dealing with a collections agency that can delete the account from your credit report and get you back to normal with some help from a professional.
Check out our guide below on how to remove Dynamic Recovery Solutions from your credit report.
Table of Contents:
What is Dynamic Recovery Solutions?
Founded in 2008, Dynamic Recovery Solutions is a debt collections agency based in Greenville, South Carolina. They handle debt collections across the United States.
Companies across the country utilize Dynamic Recovery Solutions to collect unpaid debt in areas such as healthcare, banking, utilities, retail, and student loans. If a company is unsuccessful in getting people to pay their bill, they will offload the debt collections process onto Dynamic Recovery Solutions.
Many people are curious if Dynamic Recovery Solutions is a scam or not. While their business practices are nothing short of questionable, they are, in fact, a legitimate debt collections company. Dealing with Dynamic Recovery Solutions can be a largely unpleasant process, but their business model is lawful, mostly.
Why is Dynamic Recovery Solutions Contacting Me?
In short, Dynamic Recovery Solutions is contacting you because they have a debt that they want you to pay.
If you have a medical bill, student loan, or any other type of debt that is going unpaid, the original creditor will hire Dynamic Recovery Solutions to hound you for repayment so that they don’t have to waste any more resources on you. Dynamic Recovery Solutions will continue to harass you for payment until you break down and make one.
You may even find that the same debt shows up twice on your credit report: one account for the original creditor and one account for Dynamic Recovery Solutions.
Because Dynamic Recovery Solutions’ entire purpose is to break down customers until they pay their debt, they have no problems repeatedly contacting you. To save yourself the frustration and anxiety, it’s best to deal with them as soon as they start to contact you.
Does Dynamic Recovery Solutions Have Any Complaints?
Dynamic Recovery Solutions has received a litany of consumer complaints regarding violations of the Fair Debt Collections Practice Act (FDCPA.) This act protects consumers from most forms of harassment from debt collectors.
As of this article, Dynamic Recovery Solutions has had about 1,300 complaints filed against them with the Consumer Financial Protection Bureau (CFPB.) They have been accused of things such as attempting to collect a debt that isn’t owed, lying about their identity, using abusive or otherwise unprofessional language, and improperly sharing information with employers, friends or family.
Understanding your rights when it comes to dealing with debt collectors is extraordinarily important. Many people don’t know how the FDCPA protects them, so Dynamic Recovery Solutions often gets away with abusing consumers.
Keep track of your interactions with them, and make a note if they do any of the following:
- Call before 8 a.m. or after 9 p.m. without your explicit permission
- Call your work phone without your explicit permission
- Call friends or family members and tell them about your debt
- Call you during a time you have told them is inconvenient or after you have told them to stop
- Use abusive language or harassment of any kind
- Lie about their identity or the amount owed
- Threaten legal action or wage garnishment
If you experience any of the above, you may be entitled to $1,000 per infraction. You would need legal representation, but it may be worth it if you have been excessively abused by Dynamic Recovery Solutions.
How to Remove Dynamic Recovery Solutions From Your Credit Report
The process to remove a collections account from your credit report is not as daunting as it sounds. Follow the three steps below to get your credit report back on track.
Request All Communication By Mail
The first thing to do when dealing with a debt collector is to start communicating entirely by written mail.
Under the Fair Debt Collections Practice Act (FDCPA), you have the right to request that all communications be sent via US Mail only. This can achieve a number of things that can help you deal with Dynamic Recovery Solutions moving forward.
First, it prevents them from calling you all hours of the day and night, something that is also forbidden under FDCPA. It also allows you to hang onto everything they send you so that you can have proof of any and all agreements.
Debt collectors are tricky and often make promises or agreements over the phone that they have no intention of keeping. By having all your communications in writing, you can refer back to documents when you need to prove that DRS agreed to terms on which they are not following through.
Send a Debt Validation Letter
Did you know that one in five Americans has inaccuracies on their credit report? That means that some of the information on your credit report may not belong to you, even some collections accounts. That is why it is important to verify up top that the debt actually belongs to you.
By law, Dynamic Recovery Solutions must disclose your right to verify the debt within five days of their first contact. Once they disclose this to you, you have 30 days to send a debt validation letter. If you wait until after 30 days have passed to send the letter, you may not receive a reply from the debt collection agency. It is highly important that you do not procrastinate this step.
To confirm that the debt is yours, you will need to complete a Section 609 A Form. The purpose of this form is to confirm the name, social security number, and transaction date associated with the debt. If you are concerned about filling out the form incorrectly, there are several tutorials and online templates to walk you through the process.
In addition to confirming the name on the debt, the date associated with the debt is highly important. This is because many states have laws that set a statute of limitations on debt collections. This can be between 2 years and 10 years. If the collection agency waits beyond the statute to try and collect the debt, the debt will need to be dismissed by law.
If it turns out that the debt does not belong to you, you need to send a letter disputing it to both Dynamic Recovery Solutions and the credit bureau. They should remove the debt from your credit report immediately.
Negotiate a Pay-For-Delete Agreement
The unfortunate truth about collections accounts on your credit report is that they can negatively impact your credit score even if they are marked as paid. That is why it is important to negotiate a pay-for-delete agreement upfront.
A pay-for-delete agreement is exactly what it sounds like; the debt collection agency agrees to remove the collections account from your credit report as long as you pay your debts.
The best starting point is to offer to pay Dynamic Recovery Solutions half of the debt in exchange for deletion on your credit report. Make sure that you receive a decisive agreement in writing before making any payments on the debt. They may try to use tricky language to get around this arrangement, so make sure that there is no wiggle room in the agreement.
After you make the first payment, check your credit report after 30 days. Hopefully, Dynamic Recovery Solutions will have contacted the credit bureau and removed the collections account from your report. If not, demand that Dynamic Recovery Solutions remove the account and provide proof of the agreement. If they refuse, it might not be a bad idea to involve a lawyer.
Have a Professional Remove the Dynamic Recovery SolutionsCollection
Sometimes, you are just over the hassle of it all and would prefer to leave it in the hands of a professional. If you’re that type of person, I suggest you check out Lexington Law Credit Repair.
They’ll take care of you, and to be honest, they typically get stuff removed from your credit report a lot quicker. Check out their website.
Debt collections agencies are notoriously unpleasant to deal with, and Dynamic Recovery Solutions is no exception. Removing a collections account from your credit report can seem like an equally disagreeable prospect. Luckily, you can get them off of your back and your credit report by following the three steps above.
Be sure to check out some of our other articles about boosting your credit to find out how to improve your score for the future.