Fight Back Against Unfair Practices with The Wood Law Firm
Are you being overwhelmed by persistent calls and threats from Source Receivables Management? If you’re facing harassment and unwanted communication from this debt collector, you don’t have to face it alone. With The Wood Law Firm by your side, you could receive up to $1,000 in statutory damages without any upfront costs. We’re dedicated to protecting your rights and ensuring you never pay out of pocket for our services.
Understanding Source Receivables Management Debt Collection Harassment
You’re not alone if you’re tired of Source Receivables Management’s relentless calls and aggressive tactics. Many individuals find themselves in situations where debt collectors constantly harass them. Whether it’s daily phone calls, threats of legal action, or abusive language, Source Receivables Management’s conduct might be crossing legal boundaries. The Fair Debt Collection Practices Act (FDCPA) protects such behavior, ensuring debt collectors adhere to specific rules.
What is the Fair Debt Collection Practices Act (FDCPA)?
The FDCPA is a federal law designed to protect consumers from abusive debt collection practices. This law requires debt collectors to follow specific guidelines when attempting to collect a debt. You can hold them liable if they fail to adhere to these rules. Victims of such violations can take legal action to stop the harassment and potentially recover statutory damages up to $1,000, along with attorney fees and court costs.
Is Source Receivables Management a Scam?
Source Receivables Management, founded in 2008, is a legitimate debt collection agency. According to the Better Business Bureau (B.B.B.), the company has handled numerous complaints over the past few years. Specifically, 89 complaints were closed in the last three years, with 28 resolved in the past 12 months. While not a scam, their debt collection practices have prompted significant consumer dissatisfaction and legal challenges.
Who is Source Receivables Management?
Based in Greensboro, North Carolina, Source Receivables Management is a third-party debt collector with a substantial history of handling credit and debt collection. They have been involved in over 40 federal cases related to credit card debt and have faced allegations of employing illegal and harassing tactics to coerce consumer payments.
Also read: Lakeside Receivables Debt Collection Harassment
Contact Information
Address: 4615 Dundas Dr. Ste 102, Greensboro, NC 27407-1613
Phone: (336) 358-4947
Source Receivables Management may also be referred to by various names, including:
Source Receivables Management
Source R.M.
Source Receivable Management
Source Receivables Manag
Source Receivables
Sourcerm
S.R.M. Phone Number
Common Harassment Tactics Used by Source Receivables Management
If you’ve experienced any of the following tactics from Source Receivables Management, you might be dealing with unlawful harassment:
Calls Outside Legal Hours: Receiving calls before 8:00 a.m., after 9:00 p.m., or at inconvenient times despite prior notice (FDCPA 15 U.S.C. 1692c)
Disclosing Debt to Others: Discussing your debt with third parties (FDCPA 15 U.S.C. 1692b).
Calling Your Workplace: Contacting your place of employment after being told calls are not accepted at work (FDCPA 15 U.S.C. 1692c).
Using Abusive Language: Employing profane or harassing language (FDCPA 15 U.S.C. 1692d).
Engaging in Harassing Conduct: Actions intended to harass, abuse, or oppress (FDCPA 15 U.S.C. 1692d).
Misrepresenting facts: Such as making false statements about the debt amount or the actions they might take (FDCPA 15 U.S.C. 1692e).
Threatening Legal Actions: Threats of arrest or criminal prosecution (FDCPA 15 U.S.C. 1692e).
Falsely Reporting to Credit Bureaus: Sending incorrect information to credit bureaus (FDCPA 15 U.S.C. 1692e).
Unreasonable Call Frequency: Causing your phone to ring excessively (FDCPA 15 U.S.C. 1692d).
Also read: Midland Credit Management Phone Harassment
Phone Numbers Associated with Source Receivables Management
If you’re receiving unwanted calls from numbers such as 877-251-3775 or 202-547-2673, you might be experiencing harassment from Source Receivables Management. Remember that these are not the only numbers they use, and calls could also come from other numbers. It’s essential to take action if you’re being harassed.
Contact The Wood Law Firm immediately at +1 844-638-1122 to begin the process of stopping Source Receivables Management’s illegal calls and protect your rights from further harassment.
Frequently Asked Questions About Source Receivables Management
Is Source Receivables Management a Scam?
No, Source Receivables Management is not a scam. Established in 2008, it operates as a legitimate debt collection agency. While it is a functioning business, it has come under scrutiny for its debt collection practices. Over the years, the company has accumulated many complaints, reflecting dissatisfaction with its approach to debt collection. These complaints often revolve around aggressive tactics, lack of proper communication, and perceived unfair treatment of consumers. Despite its legal standing, the volume of complaints suggests that its practices may sometimes align with industry standards or consumer expectations.
Can Source Receivables Management Seize My Property?
Typically, Source Receivables Management must have the authority to seize your property directly. However, there are specific circumstances under which property might be affected:
Secured Debts: If the debt in question is secured by collateral, such as a car loan or mortgage, the creditor might have the right to repossess the property if you default. This right to repossess is not unique to Source Receivables Management but applies broadly to secured debts.
Court Judgments: If Source Receivables Management sues you and obtains a court judgment, they may have the legal ability to enforce the judgment by seizing certain assets. The specifics of what can be seized depend on the nature of the debt, state laws, and the court’s ruling. This process generally involves legal proceedings, and protections are often in place to ensure that only assets within the bounds of the judgment can be seized.
It’s important to note that any action to seize property must be conducted in accordance with the law and through appropriate legal channels. If you face threats or actions involving property seizure, consulting with a legal professional can help you understand your rights and the proper steps to take.
Can Source Receivables Management Sue Me?
Yes, Source Receivables Management can initiate legal action against you, but this is contingent on several factors:
Statute of Limitations: The ability to sue depends on whether the debt is within the statute of limitations for legal action. The statute of limitations varies by state and the type of debt. For example, in some states, the statute of limitations for credit card debt might be as short as three years, while in others, it might be up to ten years. It’s crucial to be aware of these time limits, as they dictate how much time creditors have to file a lawsuit.
Debt Type: The nature of the debt can influence the likelihood of a lawsuit. Unpaid credit card bills, personal loans, and medical debts are all potential causes for legal action if the creditor or collection agency decides to pursue them.
Legal Procedure: If Source Receivables Management chooses to sue, they must follow proper legal procedures. This includes filing a complaint with the court, serving you with notice of the lawsuit, and presenting your case in court. You will have the opportunity to respond and defend yourself.
If you receive notice of a lawsuit or legal action, it’s advisable to consult with an attorney who specializes in debt collection and consumer protectio*n.
Can Source Receivables Management Report My Debt to Credit Bureaus?
Yes, Source Receivables Management can report your unpaid debt to credit bureaus. Debt collectors can report information to credit bureaus, which can significantly impact your credit score. The reporting process involves submitting details about the debt, including the amount owed and the status of the account, to credit reporting agencies.
Impact on Credit Score: Negative information reported by debt collectors can lead to a decrease in your credit score, affecting your ability to secure loans, credit cards, and sometimes even employment opportunities. The impact on your credit score can vary depending on the amount of the debt, the length of time it has been reported, and your overall credit history.
Accuracy of Reporting: It is essential that any information reported is accurate and reflects the true status of the debt. If Source Receivables Management reports incorrect information, you have the right to dispute it with the credit bureaus. The bureaus are required to investigate and correct any inaccuracies.
Can Source Receivables Management Have Me Arrested?
Debt collectors, including Source Receivables Management, do not have the authority to arrest you solely for unpaid debts. Arrests related to debt are generally not permitted under standard debt collection laws. However, there are specific circumstances where legal issues related to debt might lead to arrest:
Court Orders: If you fail to comply with a court order, such as a summons to appear in court regarding a debt-related case, a judge could issue a warrant for your arrest. This situation arises not because of the debt itself but due to non-compliance with legal proceedings.
State-Specific Laws: Certain types of debts, such as unpaid child support or certain traffic fines, might lead to arrest if state laws permit it. These cases are more likely to involve legal action beyond typical debt collection and require adherence to specific legal obligations.
Fraudulent Activity: If there is evidence of fraudulent activity related to the debt, such as falsifying financial information, it could potentially lead to legal consequences, including arrest. This is separate from the standard collection process and involves criminal charges.
If you are concerned about potential legal actions or threats of arrest, it’s crucial to seek legal advice to understand your rights and ensure that any actions taken against you are lawful and appropriate.
Also read: American Debt Management Debt Collection Harassment
Notable Complaints Against Source Receivables Management
Several legal cases have been filed against Source Receivables Management, highlighting issues with their collection practices. Some notable cases include:
1:19-cv-20714-JLK – Florin v. Source Receivables Management, L.L.C. et al.
1:18-cv-02718-SEB-TAB – Kearby v. Source Receivables Management, L.L.C.
2:18-cv-01257-PP – Gochet v. Source Receivables Management L.L.C.
1:18-cv-01131-WCG – McCabe v. Source Receivables Management, L.L.C.
1:18-cv-22424-CMA – Goutier v. Source Receivables Management, L.L.C.
These cases reflect ongoing issues and legal disputes involving Source Receivables Management’s collection tactics.
About The Wood Law Firm
The Wood Law Firm assists clients facing harassment from debt collectors. Since 2010, we have been at the forefront of fighting against unfair debt collection practices, including phone harassment. Our firm provides effective solutions to stop harassment and protect your rights. We maintain an A+ rating with the Better Business Bureau and offer our services without upfront costs.
For immediate assistance, contact us at +1 844-638-1122 or visit our website for more information.
Also read: Alliant Capital Management Debt Collection Harassment
Success Stories
“The Wood Law Firm made a significant difference in my situation. They intervened promptly, stopping the harassment and even securing compensation for me. The best part? It didn’t cost me a dime. I highly recommend their services.”
“I worked with The Wood Law Firm on two occasions, and their professionalism was outstanding. They addressed my issues with collection agencies effectively, stopping the harassing calls and ensuring I received compensation. I’m very satisfied and recommend them to anyone experiencing similar problems.”
“The Wood Law Firm is exceptional. They handled my case with professionalism and clarity, ensuring my rights were protected and providing straightforward advice about my situation. Highly recommended for anyone dealing with debt collector harassment.”
Some Useful Links:
North Carolina Attorney General
Consumer Financial Protection Bureau
Federal Trade Commission FAQs
