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Asset Recovery Associates, Inc.


Country United States
State Illinois
City Lombard
Address 1919 S Highland Ave #225a
Phone 888-686-9475
Website http://www.arainc.us/

Asset Recovery Associates, Inc. Reviews

  • Jan 21, 2020

Sent me a bill for a auto loan that i dont have with them and wants paid in thirty day or make pament arrangments

  • Jul 5, 2019

Several days ago, I received a call from Asset Recovery Associates, and was told that I had failed to respond to a letter they had sent me concerning an indebtedness to Bank of America. I told the lady that I didn't have a delinquent account with Bank of America, and I had not received any mail from them. She told me that she would refer me to the floor manager. I told her to send me any documentation and that I wasn't talking to anyone else.

Today, I received a letter from them citing the phone conversation. It informed me that I owed $16,688.63 on account 431904101*******.

I did have a delinquent account with Bank of America that was paid off through Investors Funding LLc, of Bossier City, La. That indebtedness was satisfied last year, and Bank of America recently issued me another credit card, on which, the account is current and in good standing.

  • Jan 11, 2018

I received a telephone call this evening from an unidentified individual asking for myself, or my two younger brothers and my oldest nephew...

The caller stated that he was calling to collect on a debt from 1996 on a credit card from a known defunct bank (Chase Manhattan Bank)...

I explained that I have never had a credit card from that time, especially the bank in question...

He asked if 'this was my SSAN', of which it was...

I still attempted to explain my lack of knowledge on this 22 year old debt, and, then he really got nasty, resorting to threats and intimidation tactics...

I spoke with his manager and explained the unprofesional conduct by his 'associate'...

His reply was NOT steller, let alone, professional...

My last step was to block his number, as I have that feature on my phone syatem...

Over the nest hour, this company tried to call back on at least four different numbers; but, were locked out...

Upon discovering the name of this company via 'google', I was able to recall that this was the same company that attempted to coerce me back in 2008, on the same alleged debt...

At the time, I contact the BBB of Chicago, and filed a complaint...

There was 'silence' from this company from 2008 until tonite...

This company is more than aware of the Statute of Limitations guidelines throughout the states; but, have made it clear that they do NOT adhere to state or federal laws in regards to their illegal, unjustified and unwarranted atempts to collect old and closed debts that have gone past ANY AND ALL statutes...

  • Dec 6, 2017

I lost my business decades ago. I have a credit card debt from 25 years ago they are trying to collect, demanding $5500 in 30 days or else they will call HR at my workplaces to have my wages garnished, call the police to have me arrested, come to my home & demand immediate payment in full including $21,000 in interest & subpoena me to fight it in court. My attorney has told me that the statute of limitations in Washington state is 6 years & they cannot collect it. If they do decide to take me to court, the judge would throw it out.

  • Nov 18, 2017

They told me that I had an outstanding account with Citibank. A mastercard credit card. It hadn't been paid and it was now showing over $9,000 including interest. They said if I paid the main balance (without the interest) they could settle the account and nothing would go on my credit record.

They knew my bank accounts, my social security number, date of birth and addresses of where I had lived for the last 20 years. They knew when I was able to start building my credit. They knew my BofA credit card number. Which I have since cancelled. She talked so fast that she made me think maybe I really had forgotten that I had an account with Citibank and that I had just forgotten. She claimed that Citibank had sent me letters of collection and that they had also sent me letters trying to collect this debt. I said I had not ever received any letters. She then asked if someone in the family might have been using this card and getting the mail. This continued in this same format making me think maybe I had forgotten about it. I am 73 years old, but I knew I had never had a Citibank Mastercard, but I had no way of convincing her.

After all this and I hung up, I called Citibank and they told me that I had never had an account at their banks.

I have filed a police report with my local police dept. They gave me the FBI's website address and said since it is across state lines, they would be the one to handle all of it. So I'm going to go to their website and fill out whatever they need to know to stop this craziness.

I really hope this doesn't happen to anyone else. They make you question your own mind and memory.

  • Sep 13, 2017

I was called at 6:30AM when I entered my classroom (I am a teacher) to prepare for my class. They said I opened a CC in 1995 from First USA and never paid the balance. It has since accrued to over $8000, including their fee of $3700. I told them I never heard of that CC. They started pulling up other information of debt during that time. They said that I had to pay the debt to get out of going before a judge. They were filing with the county in two days. They said they were going to garnish my wages, and/or take it out of other credit cards that I have. They would be willing to settle for less. They would overnight me the paperwork to settle out of court if I made a good faith payment. I told them I had children coming in, and I didn't have time to do that. They told me if I didn't do it right then, that they would go ahead and file. I told them I would pay them $25.00, so I gave them my routing number and account number. After I hung up the phone I was so distraught I told my coworkers and they immediatly said to call the bank and have them tell me what to do. The bank said that I should reconstruct my account and routing number because they sounded like a scam. The bank checked my credit report and said there was nothing bad in it. They checked Experian. I checked Credit Karma, and also, nothing outstanding. I told these people that I no longer lived in the previous address, but that I moved two months ago. They now have my new address, in order to send the paperwork. I never received ANY phone calls, letters, emails, NOTHING that had me think that I was in default of any loan or credit card. These people prey on innocent victims. How horrible. I wanted to cry all day! Try teaching a first grade class with that over your head. Horrible people!

I am not sure what will happen once they find they can't cash the $25.00, but I am told that they cannot garnish wages, or anything like that.

  • Jun 5, 2017

Kimberly Wallace employee of Asset Recovery Associates advised that they had a Judge that signed a Judgement against me and was filed in a Federal Court for a 24 year old balance. I advised that I wanted to contact my attorney and was told that the settlement offer was only good during our conversation and that if I called back I would not be offered a settlement amount. I was threatened with them notifying ALL of my creditors that I was a high rusk and all of my credit would be withdrawn as well as a lien placed on my home. The threats were endless and I was kept on phone for one hour 26 minutes wearing me down until I gave in and did a bank transfer via a conference call. I also had to give a credit card for the amount difference of the bank transfer and what they were saying I owed them.

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