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Firstsource Solutions Acquires American Recovery Services to Enhance Services in Debt Collections Market

Account Recovery

Mumbai, India, December 30, 2021: Firstsource Solutions Limited, a global provider of business process management (BPM) services and a RP-Sanjiv Goenka Group company, announced it has entered into an agreement to acquire American Recovery Services, Inc. ARSI), a nationwide legal collections network headquartered in Southern California.

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

Statute-Barred Debt in the UK : In the UK, debts are usually subject to a limitation period; if a debt is ‘statute-barred,’ collectors have limited legal recourse. However, they may still try to recover the debt through communication with you.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it. Alternatives To Court Dealing with a debt collection agency can be stressful and overwhelming.

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How to Find All Your Debts: 4 Tips

Credit Corp

If you simply can’t afford to pay, talk to a legal professional about your options, rights , and what consequences could come from paying or not paying old debt. For example, if you start making payments, the statute of limitations could restart and leave you at risk of lawsuits and legal collection activity much longer.

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How Much Does a Charge Off Affect Your Credit Score?

Credit Corp

Making arrangements to pay a charged off account removes you from the collections process. That means you don’t have to worry about collectors or legal collection activity in the future. Should I Pay Charged Off Amounts? But it might also provide a positive impact for your credit report.