I received a letter, claiming i owed$ 7, 103.00, i phoned them twice, to get statements , of my debt, to prove it valid, but all the response i received was that all the facts were in the debt letter, but they tried to make me pay it off in 3 or 4 payments. but would not send me any proof, of this debt, giving me my last 4 numbers, of my social security.
which was correct. i had just read a great scam article in the March Time magazine, about these scams, to ask for proof etc, so i asked and just got threatened, about my credit standing.
thanks for any possible help.i was scammed last october, someone changed the routing number, of my social security checks, for 3 months, went, from Sacramento to a Mesa Bank, in North Dakota. 3 checks, i later received.
These clowns are scam artists collecting on debt that don't exist as well as time barred debt.
Be smart....do not talk with them. Tell them to put it in writing.
Record all verbal conversations. They lie and threaten. The garbage in some of their responses that they want 100% customer satisfaction is a lie. Let's not forget the threats of arrest. Don't fall that. Debtor prisons were outlawed over a two hundred years ago. They don't have the power to arrest you. In fact District Attorney's have better things to do then arrest people for fraud of debt. Its very rare for this to happen. I read a few complaints about payday loans. Where they were going to arrest for wire fraud etc. Its a scam.
File complaints with the Federal Trade Commission, Consumer Financial Protection Bureau and your state attorney general consumer protection division.
Never ever give them bank information. They claim they will give you a settlement letter after paying. That is a lie. They will turn around and sell the debt again.
Hire a NACPA lawyer. They love scam artists like this company. They chew them up in court and counter sue them for all sorts of legal grounds
My understanding is they are owned by a New York firm and someone named Epstein. I would also file a complaint with South Carolina and New York AG's office. Hit them where it hurts. Lets shut these leeches down. If they get enough complaints Government agencies will sue. So get mad and file those complaints.
Just in case these leeches repond to this complaint. I want you to know your tactics don't scare me. Pick a fight with me and I will personally tie you of in court with motions, pleadings and appeals. This is besides playing my ACE Card in court. So bring it on leeches
The opinion expressed here is guaranteed to every American. In case the clowns at Dynamic Recovery Solutions don't know what that is. Its called Freedom of Speech. So the dirt bags from Dynamic Recovery can whine like babies and try to misled the people that don't understand their rights. Take your best shot. I don't cower in the corner when a dirt bag scam artist collector contacts me. I have no contractual debts. I pay cash for everything.
To those reading this report and having trouble with dirt bag collectors. There is help out their on the internet. Search and read and research numerous sources. Fight the dirtbag leeches and answer their complaint in court.
I wish the consumer public reading this the best of luck. As for the dirt bag scam artist collectors out there trying to collect on non existent debt or time barred debt. I wish you a loss of job, one million fleas and bedbugs and being homeless. Then you will know what its like.
Received forwarded letter that owe $1500+ to MNBA. I just checked my credit report a few weeks ago and none of the three list any debt to MNBA or any other credit card company.
BEWARE! This company called me up stating I owed them money for a phone bill that was over 25yrs old! When they contacted me the lady on the phone was very short and insistant that I take care of the issue right away. She also was doing her best to get me to admit the debt was mine. Which I did not. They make it sound as if they are going to report you to the credit bureau but when I pushed her on it she said "No sir...I did not say we would report you I said you owed the debt and we can use the credit reporting agency to collect." To which I responded "This debt if it ever even existed is over 25 yrs old and the statue of limitations has expired. You can't report anyone for a debt that old." Then a week later I get a letter in the mail from them stating I owed the money and they were "willing" to give me several options to pay them. I sent them a CERTIFIED letter disputing the validity of a 25yr old debt and asked them to provide exact information about the debt and to cease and desist. I truly have no idea where they get this stuff but they are trying to SCAM you and scare you into sending them money. DON'T FALL FOR IT!! This company should be shut down by the AG's office. TOTAL SCAM!! I also filed a report with the US postal service and will file additional reports against them to other authorities if I hear from them again.
Please be aware that like others here, I too, received a notice from Dynamic Recovery Solutions claiming that I owe them $6,727.84. The notice gives various options to pay off the debt for less that what is owed but you must pay them quickly. To be honest...unlike others on this website, I'm NOT 100% certain that this company is a "fake" or that this is a "scam". The reason...this company appears to be registered with the BBB in South Carolina and they currently have an "A" grade??? They have had literally 100's of complaints filed against them but it also appears as if they have successfully reconciled those complaints (per BBB website). I filed a complaint against them today (6/5/14) with the BBB in South Carolina. I also filed a complaint with the United States Postal Inspector (USPI). I have made arrangements to meet with an attorney in my state (Utah) this coming Tuesday (6/10/14) to discuss the issue with them as well. I have also sent them (Dynamic Recovery Solutions) a letter disputing the debt and requesting verification of said debt, original creditor, original amount, etc...I sent the letter on 5/19/14 (I received their notice on 5/7/14)...to date, I have NOT received any reply from them.
So...why am I going to all of this effort? Well, I have a good credit score currently...but, I didn't always have a good credit score and I have had my fair share of financial issues. The original creditor listed is a company that is NO LONGER in business but it IS a company from whom I had received a loan in the distant past. To my knowledge and best of recollection all of my debt with this original creditor (The Associates) were paid in full or discharged in a bankruptcy that happened over 10 yrs ago...but, I CANNOT remember for certain...I guess that is the problem. I can only hope that the comments posted by others on this website are accurate...that the company is a "scam" and that you don't need to worry about it...but then again, if it is a "scam" company why are they successfully registered with the BBB in South Carolina?
So, I guess I would advise caution to those of you who have received a notice from this company. I have read several different stories as told by others and it does sound like their experiences involved some shady practices on the part of Dynamic Recovery Solutions. I guess my problem is that although there appears to be some problems with their claim...there is just enough information contained on the notice to make me feel uncertain.
Will try to provide updates on my situation as they occur.
Today, May 21, 2014, I received a collection notification letter requesting the amount of $280.93 for a loan made to VISA card. Their letter is dated May 12, 2014 and it is filed under account number 2013048337913.
I called the company, Dynamic Recovery Solutions because I did not recognized the debt. At this moment I have a VISA card in good standing and no delinquencies in my credit record. Anyway, I asked the lady to give more details because, to the best of my knowledge I had no outstanding debts.
She looked into the account record and told me that reference debt was about a "loan" I made to a VISA credit card on July 1988. I told her that it was imposible for me to recognize and accept the debt. I also advised her that local laws protect consumers against agencies or companies demanding payment for debts over 15 years old. The action they are taking is about an account which is more than 26!years old.
The lady insisted that I would have to pay, that she will provide a record of the transaction, and that they had the option to report the debt to credit reporting institution. Of course, I warned her not to dare to do anything against my outstanding record.
Seems like she did not like my comment and suddenly shut the phone without further discussion of the issue. I am afraid of the actions the might take to harm my credit record.
My husband received a collection letter May 10, 2014 from Dynamic Recovery Solutions that stated he owed $1,269.52 and they also offered three (3) payment plan options to freeze interest rates on collection! First he has no collections. The only bit of information listed on who the debt was from was 5STAR/ENCORE, which he has no idea who that compnay is. This is not on his credit report either.
We are submitting certified letter to them, per the requirement of contacting them in writing within 30 days to dispute the validity of debt. If, only only if there was naything from my husbands past it is beyond the statute of limitations within our state for a debt to be valid. We will wait and see if they can produce the origin and original date of said debt.
It sounds like this is their MO to harrass people and scare them into paying money they don't owe! If they try anything further we will be reporting them to the FTC and or under our legal rights we can file a suit aginast them if they threaten legal action on something (if it even existed is past the state's statutute of limitations).
Good luck in dealing with this company. It looks lie from all the dates of our complaints thsi is the time frame they start mailing out there bogus collection letters.
This company calls my phone several times per day to speak about collections accounts that are not valid, trying to collect funds. They call from a number in Worcester 774-670-5630 and hang up when you answer the phone for the most part to see if you will call back. Accasionally they will talk right to you about the fraudulent accounts. I owe them no money, have no open collection accounts and wish they would just stop even though I have told them already "cease and desist" which they must BY LAW, stop calling.
Dynamic Recovery Solutions Reviews
I received a letter, claiming i owed$ 7, 103.00, i phoned them twice, to get statements , of my debt, to prove it valid, but all the response i received was that all the facts were in the debt letter, but they tried to make me pay it off in 3 or 4 payments. but would not send me any proof, of this debt, giving me my last 4 numbers, of my social security.
which was correct. i had just read a great scam article in the March Time magazine, about these scams, to ask for proof etc, so i asked and just got threatened, about my credit standing.
thanks for any possible help.i was scammed last october, someone changed the routing number, of my social security checks, for 3 months, went, from Sacramento to a Mesa Bank, in North Dakota. 3 checks, i later received.
These clowns are scam artists collecting on debt that don't exist as well as time barred debt.
Be smart....do not talk with them. Tell them to put it in writing.
Record all verbal conversations. They lie and threaten. The garbage in some of their responses that they want 100% customer satisfaction is a lie. Let's not forget the threats of arrest. Don't fall that. Debtor prisons were outlawed over a two hundred years ago. They don't have the power to arrest you. In fact District Attorney's have better things to do then arrest people for fraud of debt. Its very rare for this to happen. I read a few complaints about payday loans. Where they were going to arrest for wire fraud etc. Its a scam.
File complaints with the Federal Trade Commission, Consumer Financial Protection Bureau and your state attorney general consumer protection division.
Never ever give them bank information. They claim they will give you a settlement letter after paying. That is a lie. They will turn around and sell the debt again.
Hire a NACPA lawyer. They love scam artists like this company. They chew them up in court and counter sue them for all sorts of legal grounds
My understanding is they are owned by a New York firm and someone named Epstein. I would also file a complaint with South Carolina and New York AG's office. Hit them where it hurts. Lets shut these leeches down. If they get enough complaints Government agencies will sue. So get mad and file those complaints.
Just in case these leeches repond to this complaint. I want you to know your tactics don't scare me. Pick a fight with me and I will personally tie you of in court with motions, pleadings and appeals. This is besides playing my ACE Card in court. So bring it on leeches
The opinion expressed here is guaranteed to every American. In case the clowns at Dynamic Recovery Solutions don't know what that is. Its called Freedom of Speech. So the dirt bags from Dynamic Recovery can whine like babies and try to misled the people that don't understand their rights. Take your best shot. I don't cower in the corner when a dirt bag scam artist collector contacts me. I have no contractual debts. I pay cash for everything.
To those reading this report and having trouble with dirt bag collectors. There is help out their on the internet. Search and read and research numerous sources. Fight the dirtbag leeches and answer their complaint in court.
I wish the consumer public reading this the best of luck. As for the dirt bag scam artist collectors out there trying to collect on non existent debt or time barred debt. I wish you a loss of job, one million fleas and bedbugs and being homeless. Then you will know what its like.
Received forwarded letter that owe $1500+ to MNBA. I just checked my credit report a few weeks ago and none of the three list any debt to MNBA or any other credit card company.
BEWARE! This company called me up stating I owed them money for a phone bill that was over 25yrs old! When they contacted me the lady on the phone was very short and insistant that I take care of the issue right away. She also was doing her best to get me to admit the debt was mine. Which I did not. They make it sound as if they are going to report you to the credit bureau but when I pushed her on it she said "No sir...I did not say we would report you I said you owed the debt and we can use the credit reporting agency to collect." To which I responded "This debt if it ever even existed is over 25 yrs old and the statue of limitations has expired. You can't report anyone for a debt that old." Then a week later I get a letter in the mail from them stating I owed the money and they were "willing" to give me several options to pay them. I sent them a CERTIFIED letter disputing the validity of a 25yr old debt and asked them to provide exact information about the debt and to cease and desist. I truly have no idea where they get this stuff but they are trying to SCAM you and scare you into sending them money. DON'T FALL FOR IT!! This company should be shut down by the AG's office. TOTAL SCAM!! I also filed a report with the US postal service and will file additional reports against them to other authorities if I hear from them again.
Please be aware that like others here, I too, received a notice from Dynamic Recovery Solutions claiming that I owe them $6,727.84. The notice gives various options to pay off the debt for less that what is owed but you must pay them quickly. To be honest...unlike others on this website, I'm NOT 100% certain that this company is a "fake" or that this is a "scam". The reason...this company appears to be registered with the BBB in South Carolina and they currently have an "A" grade??? They have had literally 100's of complaints filed against them but it also appears as if they have successfully reconciled those complaints (per BBB website). I filed a complaint against them today (6/5/14) with the BBB in South Carolina. I also filed a complaint with the United States Postal Inspector (USPI). I have made arrangements to meet with an attorney in my state (Utah) this coming Tuesday (6/10/14) to discuss the issue with them as well. I have also sent them (Dynamic Recovery Solutions) a letter disputing the debt and requesting verification of said debt, original creditor, original amount, etc...I sent the letter on 5/19/14 (I received their notice on 5/7/14)...to date, I have NOT received any reply from them.
So...why am I going to all of this effort? Well, I have a good credit score currently...but, I didn't always have a good credit score and I have had my fair share of financial issues. The original creditor listed is a company that is NO LONGER in business but it IS a company from whom I had received a loan in the distant past. To my knowledge and best of recollection all of my debt with this original creditor (The Associates) were paid in full or discharged in a bankruptcy that happened over 10 yrs ago...but, I CANNOT remember for certain...I guess that is the problem. I can only hope that the comments posted by others on this website are accurate...that the company is a "scam" and that you don't need to worry about it...but then again, if it is a "scam" company why are they successfully registered with the BBB in South Carolina?
So, I guess I would advise caution to those of you who have received a notice from this company. I have read several different stories as told by others and it does sound like their experiences involved some shady practices on the part of Dynamic Recovery Solutions. I guess my problem is that although there appears to be some problems with their claim...there is just enough information contained on the notice to make me feel uncertain.
Will try to provide updates on my situation as they occur.
Today, May 21, 2014, I received a collection notification letter requesting the amount of $280.93 for a loan made to VISA card. Their letter is dated May 12, 2014 and it is filed under account number 2013048337913.
I called the company, Dynamic Recovery Solutions because I did not recognized the debt. At this moment I have a VISA card in good standing and no delinquencies in my credit record. Anyway, I asked the lady to give more details because, to the best of my knowledge I had no outstanding debts.
She looked into the account record and told me that reference debt was about a "loan" I made to a VISA credit card on July 1988. I told her that it was imposible for me to recognize and accept the debt. I also advised her that local laws protect consumers against agencies or companies demanding payment for debts over 15 years old. The action they are taking is about an account which is more than 26!years old.
The lady insisted that I would have to pay, that she will provide a record of the transaction, and that they had the option to report the debt to credit reporting institution. Of course, I warned her not to dare to do anything against my outstanding record.
Seems like she did not like my comment and suddenly shut the phone without further discussion of the issue. I am afraid of the actions the might take to harm my credit record.
My husband received a collection letter May 10, 2014 from Dynamic Recovery Solutions that stated he owed $1,269.52 and they also offered three (3) payment plan options to freeze interest rates on collection! First he has no collections. The only bit of information listed on who the debt was from was 5STAR/ENCORE, which he has no idea who that compnay is. This is not on his credit report either.
We are submitting certified letter to them, per the requirement of contacting them in writing within 30 days to dispute the validity of debt. If, only only if there was naything from my husbands past it is beyond the statute of limitations within our state for a debt to be valid. We will wait and see if they can produce the origin and original date of said debt.
It sounds like this is their MO to harrass people and scare them into paying money they don't owe! If they try anything further we will be reporting them to the FTC and or under our legal rights we can file a suit aginast them if they threaten legal action on something (if it even existed is past the state's statutute of limitations).
Good luck in dealing with this company. It looks lie from all the dates of our complaints thsi is the time frame they start mailing out there bogus collection letters.
This company calls my phone several times per day to speak about collections accounts that are not valid, trying to collect funds. They call from a number in Worcester 774-670-5630 and hang up when you answer the phone for the most part to see if you will call back. Accasionally they will talk right to you about the fraudulent accounts. I owe them no money, have no open collection accounts and wish they would just stop even though I have told them already "cease and desist" which they must BY LAW, stop calling.