Professional Recovery System

bflow, It is a collection agency. I checked the BBB and it is listed as a member. There are a couple, the one I looked at was out of Denver. There was one out of San Jose too. It has a satisfactory record with them.

Yeah it is a collection agency. I have received a notice from them also. I am waiting for a validation on this debt.

I am glad to hear that they have a satisfactory rating as this will make working with them much easier.

ladybug

Bflow, may want to take a page out of your book Ladybug and do a debt validation letter as well.

BFLOW! Where have you been???? Who turned you over to this collection agency? :x

blow, here is the HQ address for them. Also note what is stated on the BBB site below their information:

Professional Recovery Systems, LLC
600 17th Street
Suite #2600
Denver, CO 80202
Telephone: (303) 575-6900
Fax: (303) 575-6700
professionalrecoverysystems.justgoodbusiness.biz

This company is located outside the service area of this BBB. Please contact the BBB below for information regarding this company.

Denver/Boulder BBB
P.O. Box 48179
Denver, CO 80204

Telephone: (303) 758-2100
Fax: (303) 758-8321
Email Address: info(at)denverbbb.org
Website: www.denver.bbb.org

Also found this:

Professional Recovery Systems, LLC
600 17th Street, Suite 2600 - South Tower
Denver, CO 80202
Phone: 877-596-2633
Fax: 303-575-9597
Contact: Craig Manseth, President
E-mail: cmanseth(at)prsllc.com
Web Site: prsassets.com
CATEGORY: DEBT BUYERS

PROFESSIONAL RECOVERY SYSTEMS LLC IS A NATIONAL BUYER AND SELLER OF CHARGED OFF RECEIVABLES INCLUDING CREDIT CARD,AUTO,RETAIL,CHAPTER 13
AND CONSUMER LOANS. WE HAVE OVER 20 YEARS COMBINED EXPERIENCE IN SALES AND AQUISITIONS AND WE WELCOME YOUR CALL.
Account Preferences:
All Issuers
Account Age:
2nd Placement
Fresh
Primes
Seconds
Thirds
Warehouse
Chapter 13's
Past Statute
Preferred States/Regions:
National

I have no idea who turned me over. I got to work this morning and had a voicemail on my line from these people. I don't even know who it is from.

Looks like the "scummy" type who buy old debts and then attempt to collect on them. :x

OK, so, on Tuesday I got a letter from this (PRS)collection company and it does not state what PDL it is from but it does have "Processing Solutions, LLC PayDay Loan". Well, that isn't the name of any of my PDL's! Anyone know which company it is?

Here's what the BBB has. Never heard of them. Let me do a search.

PROCESSING SOLUTIONS
700 W Pete Rose Way
Cincinnati, OH 45203-1892
Local Phone Number: (513)766-0629

Membership Status: This company is not a member
TOB Classification: Loans

Customer Experience

The BBB has sent two requests for basic information to this company but, as of today, has received no reply. Based on BBB files, this company has an unsatisfactory record with the BBB due to an unanswered complaint or complaints.

bflow, nothing. I'm going to assume this is just a "processing center" for payments. You need to contact the scummy collection agency and ask them to validate the debt. They have to disclose who the "original creditor" is. Do a debt validation now. I'm ticked off here. :x

I typed it up last night and am working on a cease and desist (I need to keep them from calling my workplace).

If it's a collection agency (and it is), they should (notice the word should) abide by your request. I'm dying to have them validate this debt for you. I'm praying it's a nice ILLEGAL pdl they have "bought" and are trying to collect on.

You know, I only had three that were "nasty" and refused to settle and they were:

$500 fast cash
National Payday
Loanpoint

If I am correct, and I think I am (but I could be wrong), geneva roth is loanpoint. Hang on..........

Yup. Check it out:

Geneva Roth Ventures
P.O. Box 148
Mission, KS 66201
Telephone: (800) 351-8820
Fax: (800) 351-8830
www.loanpointusa.com

Yeah, the've been complete jacka**es! They called work,they called home, the lady emails every couple days. Leaves messages that they are going to send this to their lawyer....UM, what kind of lawyer ILLEGALLY debits an account????? YEAH! Whatever, I will get through this too! What other choice do I have?

You're right, bflow. I know you're strong. Please keep me posted as to what's going on.

I recieved a letter from them stating that I owed on a debt from Processing Solutions also...they stated it was from Quickestcashadvance.com (MTE Financial) and I told them that another collection agency had the same account. I called the other agency and they confirmed that they had that account but supposedly sold it to professional recovery systems. PRS will not allow me to make payments by money orders only through credit card or check by phone...trust issue here!!!!

I would not send them checks , or give them CC. They want theinfo so they can go into your account and take the entira amount. I am sure if you tell them you have no checking account or cc's they will take money order. They want their money

They stated that I would be under a "refusal" to pay if I didnt do either!

I plan to pay by money order and they can take it or leave it. So, we'll see but I am only paying what I legally owe them, not the amount they WANT!

I would think that once they figure out the only way they are going to get any money is to take what you send them as payment. I don't know why these places have to be so difficult. :twisted:

ladybug

Let's remember here. If any collection agency is trying to collect on a pdl (especially an illegal pdl such as quickest cash advance), you need to send them a letter requesting debt validation. You need to tell them to validate the debt. They will have one hell of a time trying to validate an illegal loan. Please remember that. Any collection agency trying to collect on an illegal pdl, please request debt validation from them.

I did that with DETEX (national payday) and they sent me copies of the original ONLINE electronically signed contract.

That is NOT debt validation. They sent you the loan documents you signed. Whoopee. They did not validate the amount they were collecting. They need to validate the debt. This includes a lot more than just the loan documents you signed.

cannr..there you are...holy cow girlie you're a hard person to track down...feel like i keep missing ya. how the heck are you?

That is what I thought, and of course, I haven't heard anything else from them yet. So, I'm not worrying about it too much.

lmk, oh, I'm ALWAYS here! LOL!

bflow, I'm sure they are aware that they did not VALIDATE your debt. Just watch your credit report, okay? It might just show up on there. Then it's time to fight! :wink:

cannr...do you ever sleep???

No. I am on a mission! :lol:

That makes 2 of us!!!

Hi, had a question about stuff I was reading in here...if you sign something, doesn't that make it binding?

mlposting, what do you mean? Do you mean an electronic signature for a payday loan or something along those lines? Now, let me just point out here that if that's the case, the majority of these people are unlicensed/illegal. They are not even licensed to do business, so I don't consider it a "binding agreement" if they're illegal. This is just my opinion here. Also, if they are doing business in a state where the particular business is prohibited, that too would be considered an illegal transaction. Did that answer your question? I don't know if you were asking about pdls in general or just any kind of contract signed. :wink:

Thanks so much, it did answer my question...I see exactly what you are getting at.

cannr is so smart!!!

the professional recovery systems, llc is not credible they send owed bills to people they think owe bills and they don't. If you have a billl more than 7 years old don't pay it they cannot collect unless they have a court order. This is from the fair credit reporting act from the federal government. If they send you another letter or do not answer your inquires write them and inform them that if you receive any more contact from them you will file suit against them for harassment. mail it return receipt requested so you know they received your letter.

I have a debt that I'll never be able to pay off (2nd mortgage on a house that I had to walk away from as the combination of massively underwater + job loss did me in).

What is the best advice to handle PRS? I'm getting the computerized calls every couple days. Am I allowed to send a cease and desist letter to them about this, as it is annoying? Are they going to get a judgement against me, or did they somehow acquire rights to my debt from my mortgage bank for pennies on the dollar, and anything they can get out of me is gravy?


Thank

Mark

this collection agency is done they shut down 12-31-2009 im so happy it shut down

mine was a bail bond i got screwed over by. but i couldnt find any info on statute of limitations for collecting on those. and i stupidly agreed to make payments. i have since stopped answering their calls. every month a different pewrson would be handling my acct because their turnover is so high. the first woman i spoke with belittled and insulted me. after being frustrated with the frequent change of handlers of my acct and expressing my dislike for the way things were handled and the way i was spoken to, a supervisor named ben martin returned my call leaving me a snide voice mail stating that they are not customer service. i merely expect common courtesies as i do of anyone regardless of customer service. as far as i am concerned i think they are most likely not trusyworthy as there are several lawsuits filed against them.

justin thank you for that news!!!! i hope this means im free! or they may have renamed themselves.....shudder