Complaint Review: Dynamic Recovery Solutions
[Any company or collection agency, whether they just bought the information, or traded it from another or not, cannot collect on any debt [depending on the state] when it has been 'time barred' in that state.]
We are located in South Carolina [the same place where DRS is located], and the 'time bar' is 3 years- which means, they cannot collect on any debt over 3 years old - and besides that - this debt is fraudulent.
After speaking to the bank, it was not ID theft, nor has he ever had an account with them - so that made it a fraudulent notice.
I will be filing a formal complaint with the Federal Trade Commission and I will let them handle it.
If you're here because of this company, I suggest you also file a complaint @: https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en
What they're doing is illegal.
This report was posted on Ripoff Report on 04/13/2012 02:43 PM and is a permanent record located here: http://www.ripoffreport.com/reports/dynamic-recovery-solutions/greenville-south-carolina-29616-0759/dynamic-recovery-solutions-drs-sending-via-snail-mail-falsescam-payoff-notices-greenville-868278. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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