Stop Asset Recovery Solutions Debt Collection Harassment

Asset Recovery Solutions (ARS) operates as both a traditional debt collector and a licensed debt buyer across all 50 states, purchasing defaulted debt portfolios at a fraction of their value. The 2017 Suxstorf class action exposed misleading settlement language, while separate New York class actions revealed failures to disclose fee increases and to honor consumer dispute rights.

If Asset Recovery Solutions violated your rights, you may recover $1,000 in damages. Call The Wood Law Firm at +1-844-638-1122.

Who Is Asset Recovery Solutions

Asset Recovery Solutions (ARS) is a third-party debt collector based in Des Plaines, Illinois, founded in 2009. What sets them apart is their dual operation as both a collection agency and a debt buyer, purchasing defaulted portfolios from original creditors at pennies on the dollar.

ARS is licensed and bonded across all 50 states, the District of Columbia, and Puerto Rico. Their executive team averages 25 years of experience in Accounts Receivable Management. They specialize in financial services, automotive and retail debt, and student loan recovery.

The Better Business Bureau reports 31 complaints closed over three years, with 10 in the last year alone. Debts ARS pursues are often outdated or beyond the statute of limitations, yet they still must comply with FDCPA regulations.

Address: 2200 E Devon Ave Ste 200, Des Plaines, IL 60018-4501

Phone: +1-847-257-8305

Known Collection Numbers:

• +1-847-257-8326
• +1-847-257-8334
• +1-847-257-8335
• +1-847-257-8339
• +1-888-678-9006
• +1-877-253-3543
• +1-888-867-8008
• +1-888-678-0028

Aliases: ARS Solutions, ARS Collection Agency, ARS Collection, ARS Solutions LLC, ARS LLC, ARS Recovery, Assets Recovery Solutions

Is Asset Recovery Solutions a Scam

Asset Recovery Solutions (ARS) is not a scam. It’s a legitimate, licensed debt buyer operating since 2009. However, their 50-state licensing and debt-purchasing model creates unique risks for consumers.

Red flags to watch for:

• Misleading settlement offers with confusing language (Suxstorf class action)
• Hidden fee increases not disclosed upfront (New York 2017 class action)
• Denial of your right to dispute debts (New York 2017 FDCPA case)
• False threats about increased balances (New York 2017 individual suit)
• Pursuing debts beyond the statute of limitations
• Collecting using varied aliases to avoid identification

As a debt buyer, ARS purchases portfolios and collects the full amount despite paying pennies. This profit model incentivizes aggressive tactics.

How Does Debt Buying Work

Debt buying is when collection agencies purchase defaulted debt portfolios directly from original creditors at a fraction of the total amount owed. Asset Recovery Solutions (ARS) operates this way alongside traditional third-party collection.

This means when ARS contacts you, they likely purchased your debt rather than collecting on behalf of your original creditor. They paid significantly less than what they’re asking you to pay, creating large profit margins that incentivize aggressive recovery.

Why debt buying creates problems:

• ARS may lack complete documentation from original creditor
• Debts purchased may be outdated or beyond statute of limitations
• Flexible settlement offers may contain misleading language as proven in Suxstorf
• Fee increases may not be disclosed upfront
• You have the right to demand full validation regardless of who owns the debt

Always request written debt validation before paying any debt buyer.

Lawsuits Against Asset Recovery Solutions

• Suxstorf v. Asset Recovery Solutions LLC (2:16-cv, Wisconsin 2017) – Class action alleging misleading settlement language in debt collection offers. Full case documents available at classaction.org.
• Class Action – Failure to Disclose Fee Increases (New York, 2017) – Alleged Asset Recovery Solutions (ARS) failed to inform consumers that interest or fees might increase total debt amount.
• Class Action – FDCPA Violations (New York, 2017) – Alleged the firm denied consumers their right to dispute debts, violating core FDCPA protections.
• Individual Suit – False Threats (New York, 2017) – Claimed Asset Recovery Solutions falsely threatened an increased balance in a collection notice.

Additional cases on record:

• Ellis v. Asset Recovery Associates (1:19-cv-01686-JRS-TAB)
• Schuster v. Asset Recovery Associates (5:16-cv-02539-JGB-SP)
• Hagmann v. Asset Recovery Associates (5:16-cv-01492-JGB-KK)
• Wallin v. Asset Recovery Associates (3:16-cv-00213-TAV-HBG)
• Senechal v. Asset Recovery Associates (0:14-cv-02868-DSD-JSM)

How to Stop Harassment From Asset Recovery Solutions

1. Document Everything: Record dates, times, caller IDs, and conversation summaries. Save all settlement offers and letters, especially those containing fee or balance information. The Suxstorf and New York cases show their written communications can be misleading.

2. Request Debt Validation: Send written request within 30 days of first contact. As a debt buyer, ARS must prove they own the debt and provide original creditor documentation. Send via certified mail to 2200 E Devon Ave Ste 200, Des Plaines, IL 60018-4501.

3. Challenge Statute of Limitations: If ARS is pursuing old debt, research your state’s statute of limitations. Debt beyond this period may not be legally collectible. Never acknowledge or make payment on expired debt.

4. Question Fee Increases: If any letter or communication suggests your balance is increasing through fees or interest, document this. The 2017 New York class action proves failure to disclose increases violates FDCPA.

5. Send Cease and Desist: Order them to stop all contact via certified mail. Their 50-state licensing doesn’t override your right to request cessation.

6. File Complaints: Report to the Consumer Financial Protection Bureau and the Illinois Attorney General given their Illinois base.

7. Contact The Wood Law Firm: Call +1-844-638-1122. We work on contingency.

How to Remove Asset Recovery Solutions from Your Credit Report

1. Challenge debt ownership: As a debt buyer, ARS must prove they legally own the debt. Demand complete chain of custody from original creditor through their purchase. If documentation is incomplete, dispute with Equifax, Experian, and TransUnion.
2. Use statute of limitations: If the debt is beyond your state’s timeframe, it shouldn’t appear on your report after seven years from the original delinquency date. Dispute with bureaus citing this.
3. Leverage misleading communication evidence: Suxstorf class action proved ARS uses misleading settlement language. If their communications contained confusing terms, argue their reporting accuracy is equally questionable.
4. Document validation failures: If you requested validation and ARS couldn’t provide complete original creditor documentation, inform bureaus. Debt buyers frequently lack proper records.
5. Challenge undisclosed fee increases: If your reported balance includes fees never properly disclosed (2017 New York case pattern), dispute the reported amount as inaccurate.

How The Wood Law Firm Helps Fight Asset Recovery Solutions Harassment

The Wood Law Firm understands how debt buyers like Asset Recovery Solutions operate and holds them accountable when they violate consumer protection laws.

• We challenge debt ownership: ARS buys portfolios at pennies on the dollar. We demand complete chain of custody documentation and expose gaps in their ownership records, weakening their legal standing.
• We expose misleading settlement offers: The Suxstorf class action proved ARS uses confusing language. We scrutinize every written communication for deceptive terms and use documented misleading offers as FDCPA violation evidence.
• We challenge undisclosed fees: When ARS fails to disclose fee increases (2017 New York pattern), we document each instance as separate FDCPA violation, building strong cases.
• We leverage statute of limitations: ARS pursues outdated debt across 50 states. We research each state’s specific limitations and raise time-barred defenses when appropriate.
• We file strategic complaints: The Consumer Financial Protection Bureau and Federal Trade Commission scrutinize debt buyers using misleading communications. We file complaints that trigger investigations.
• We pursue maximum damages: Each misleading settlement offer, each undisclosed fee increase, and each denial of dispute rights creates separate FDCPA violations. The Fair Debt Collection Practices Act applies regardless of whether they own or collect the debt.

You pay nothing out of pocket. Call +1-844-638-1122 for a free evaluation.

Compensation for Asset Recovery Solutions Violations

You may recover:

• Up to $1,000 per lawsuit in FDCPA statutory damages
• Actual damages for emotional distress
• Damages for each misleading settlement offer
• Damages for undisclosed fee increases
• Damages for denial of dispute rights
• Full attorney fees and costs

Client Success Stories

A consumer received a settlement offer from a debt buyer containing confusing language about final payment terms. Documentation proved the offer was misleading under FDCPA. Legal intervention secured a settlement and damages.

A debtor was told their balance increased through fees never previously disclosed. The undisclosed fee increase violated FDCPA disclosure requirements. The client recovered damages for each notice containing hidden fees.

A collector pursued debt beyond the statute of limitations, pressuring payment on an expired account. Legal representation raised a time-barred defense and pursued damages for collecting on an unenforceable debt.

Frequently Asked Questions

1. What is the Suxstorf case about?

The 2017 Suxstorf v. Asset Recovery Solutions class action alleged misleading settlement language in debt collection offers, proving ARS used confusing terms when presenting payment options.

2. Can Asset Recovery Solutions collect debt beyond the statute of limitations?

They can contact you about it, but they cannot sue to collect. If they pressure payment on expired debt without disclosing it’s time-barred, this may violate FDCPA. Never acknowledge expired debt in writing.

3. How do I know if ARS actually owns my debt?

Send a written validation request within 30 days. As a debt buyer, they must provide complete documentation proving ownership, including purchase agreements from the original creditor.

4. What if ARS increases my balance without telling me?

Document the increase immediately. The 2017 New York class action proved failure to disclose fee increases violates FDCPA. Contact The Wood Law Firm at +1-844-638-1122.

5. Why does ARS use so many different names?

Asset Recovery Solutions operates under aliases like ARS Solutions, ARS Collection Agency, and ARS Recovery. Using multiple names can make it harder for consumers to identify and research them.

6. Can I dispute a debt that ARS purchased?

Yes, absolutely. Purchasing debt doesn’t eliminate your right to dispute. Send a written dispute within 30 days and demand full validation documentation.

Call +1-844-638-1122 now for a free consultation.