You have to follow the bouncing ball to trace the history of TRS Recovery Services. It appears that, at some point, the company became a part of First Data. In the fall of 2007, First Data was purchased by an affiliate of Kohlberg Kravis Roberts & Co. At that point, First Data went from a publicly traded company to a privately held company. Today, TRS Recovery Services is called TRS DDA Collections. First Data says that TRS works on a contingency basis, which means that the company only gets paid when its debt collectors are successful in getting consumers to pay.
Because First Data is a major player in the electronic payment scene, they have a distinct advantage. For example, they boast that they employ a real-time blocking mechanism with 400,000 merchants and financial institutions. According the TRS, “It advises the merchant or bank to decline the debtor’s check or application, providing an immediate incentive to resolve the debt.” In other words, they play a game of financial paralysis with consumers in order to get them to pay up.
Stop TRS Recovery Services Harassment
Given that First Data’s transaction blocking link enables TRS Recovery Services to box you in, it’s important to respond to their calls and letters. Although it’s tempting to ignore the phone and let the mail pile up, that strategy can ultimately multiply your problems. That doesn’t mean, however, that you should let any debt collection agency railroad you into paying a debt that you don’t owe, or that you should let a debt collector unfairly wreck your credit.
Indeed, because they wield so much power, you must document all of your interactions with TRS Recovery Services. Note the date and time of each phone call, along with what was said, keep every piece of correspondence, and document any problems you have with other merchants or banks. It’s also important to regularly check your credit reports. You’re entitled to one free report per year from each of the three major credit reporting agencies. If you dispute an item on your credit report and the credit reporting agency finds in your favor, you can are entitled to get the results in writing, along with a copy of your revised credit report.
If you feel as though you’re being harassed by TRS Recovery Services, or that the debt collection agency is violating the Fair Debt Collection Practices Act, you should contact a fair debt attorney. He should represent you free of charge, since the FDCPA mandates that debt collection agencies that violate the FDCPA must pay consumers’ attorney fees.
TRS Recovery Services Contact Information
TRS Recovery Services/First Data
5565 Glenridge Connector NE, Suite 2000
Atlanta, GA 30342
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