|
Debt collection (whether actively contacting
a debtor or reporting delinquencies) is a serious endeavor. Mistakenly,
carelessly, negligently, wrongfully, and/or intentionally attempting
to collect, collecting or reporting a debt that is not valid and
recognized under the law can carry serious legal penalties. Rent Recovery Service may not be used to harass, threaten or frighten
people.
It is your responsibility to confirm that
the debt is valid and is recognized under the law before proceeding.
Rent Recovery Service must rely upon the accuracy and validity
of the information you provide. Rent Recovery Service cannot
provide legal advice. Rent Recovery Service can not, and does
not, evaluate or investigate the information you provide to determine
whether a debt is valid and recognized under the law. However,
Rent Recovery Service reserves the right to decline services
regarding any debt it deems inappropriate, inaccurate, and invalid.
If you have any questions regarding the accuracy or validity of
a debt you are seeking to collect or report, you should immediately
consult an attorney. Rent Recovery Service reserves the right
to close any account and cease any and all collection efforts,
temporarily or permanently, without prior notice to creditor,
if it is determined that a viable threat of litigation or actual
litigation is contemplated by a debtor or third party such as
local, state or federal authorities. As a full service collection
agency, it is our intention to actively participate in the collection
process in a meaningful way. Our involvement with the debtor,
negotiation of the debt, follow-up with the debtor and/or the
creditor is part of our effort to help resolve the account. In
the event of a dispute, we will take an active roll in the negotiation
and resolution of said dispute.
Rent Recovery Service provides collection
services only for debts arising from: (1)a dishonored check, (2)
a court judgment in your favor, or (3) the failure to pay for
a service or product provided by you or your company. Rent Recovery Service will provide collection services for delinquent debts
only. In the event that verification is requested, you agree to
provide to Rent Recovery Service proof of the debt in the form
of (1) a dishonored check, (2) a judgment, or (3) the an invoice
for the service or product. In the event you fail to provide verification
of a debt within 10 days of a request therefore, all collection
services with regard to that debt will immediately cease.
In the event that you receive a notice
that a debt is disputed, you are required to immediately notify
Rent Recovery Service. In the event that Rent Recovery Service
receives notice that a debt is disputed, notification of the dispute
will be forwarded to you and to any credit bureaus to which Rent Recovery Service has reported the debt. Upon receipt of a notice
of disputed account from Rent Recovery Service you will be asked
to provide substantiation of the debt within five (5) business
days. In the event reasonable substantiation is not received in
a timely manner the account will be closed and, if applicable,
reported to the appropriate credit bureaus.
In the event a debt is reported to one
or more credit bureaus, the following additional conditions apply:
-
Your debt may remain
on the debtors credit report for as long as seven (7) years
- possibly longer if it is a judgment.
-
This may negatively
impact the debtors ability to arrange for credit and obtain
employment in the future.
-
If the debtor files
a formal dispute with a credit bureau or with Rent Recovery Service, the status of the debt will be reflected as "disputed".
-
You are retaining
Rent Recovery Service as the exclusive agency for this debt
and will not assign, refer, sell, or in any way transfer the
rights to collect this debt to any other collection agency
without first canceling your agreement with Rent Recovery Service.
Exclusivity is to prevent the same debt from being reported
against the same debtor at the same time by more that one
collection agency. You may cancel the agreement with
Rent Recovery Service at any time.
In the event that you have chosen to purchase
a consumer credit report as part of your debtor package you hereby
acknowledge that you have read, understand and agree with the
provisions set forth in the Fair Credit Reporting Act (FCRA).
OldDebts.com does not warrant the accuracy or completeness of
any credit report. Credit reports are furnished by Experian and
may be used only in compliance with the Fair Credit Reporting
Act (FCRA). Partial, incomplete or inaccurate information provided
by you may result in an incomplete or inaccurate credit report.
You will be charged for the purchase of any credit report ordered,
regardless of the results. In the event you have chosen to purchase
a consumer credit report, you warrant that such purchase is in
full compliance with the Fair Credit Reporting Act (FCRA) and
not for any purpose prohibited by the Act.
By using this site, you acknowledge and
agree that you are providing accurate information about a valid
debt recognized under the law, and will indemnify, defend and
hold harmless Rent Recovery Service in connection with any claim
or proceeding arising or relating from the information you provide.
Additionally, in the event any litigation
arises from or is a result of the use of this website, creditor
will indemnify, defend and hold harmless Fidelity Information
Corporation, Rent Recovery Service, OldDebts.com and its affiliates,
divisions, subsidiaries, officers and employees. This shall include,
but not be limited to, litigation or threats of litigation arising
from claims made by debtors and/or local, state or federal authorities
regarding misinformation provided by creditors, collection agency
licensing regulations, debtor claims of offset against creditors
and inaccurate or fraudulent information provided by creditors,
intentionally or not intentionally.
In the event that our initial efforts do
not resolve the account(s) satisfactorily, we stand ready to continue
our collection efforts on a contingency fee basis.
|