How to Resolve a Debt with Impact Receivables Management
If Impact Receivables Management contacts you about a rental debt, you have the right to request validation and challenge any lawsuit. Filing an Answer to a lawsuit prevents default judgments and gives you time to negotiate a settlement for less than you owe.
Respond to LawsuitGot a call from Impact Receivables Management about a debt? You need to act fast.
Debt collection calls can quickly escalate to lawsuits. You can’t ignore them forever.
Impact Receivables Management Sued You? Respond Before Your Deadline
Don't let Impact Receivables Management win by default. File your Answer now and protect yourself from wage garnishment and property seizure.
Answer the LawsuitThe good news? You have options to fight back and resolve the debt.
What Is Impact Receivables Management?
Impact Receivables Management is a debt collection agency based in Stafford, Texas. The company specializes in collecting rental debts.
The agency works with rental properties to collect unpaid rent and lease violations. If you moved out of an apartment without paying dues, they might contact you.
Impact Receivables Management isn’t accredited by the Better Business Bureau. The agency has an F score and a 1-star rating. Dozens of complaints have been filed against them.
Remember that Impact Receivables Management collects money for rental properties. They don’t own your debt.
Make Impact Receivables Management Validate Your Debt
Before you pay anything, confirm the debt is actually yours.
Check for discrepancies in the amount. Make sure you’re not being charged more than you owe.
You can send a Debt Validation Letter to Impact Receivables Management. The letter forces them to prove the debt is valid.
Debt collectors must provide specific information when you request validation:
- Proof that you owe the debt
- The exact amount of the debt
- The age of the debt
- Their debt collector license
- Proof of ownership or right to collect
- Whether the statute of limitations has expired
- The last action taken on the account
If they can’t validate your debt, they must stop contacting you.
Check the statute of limitations on your debt. After a certain period, it might be uncollectible through legal means.
Impact Receivables Management Contact Information
Address: 11104 W Airport Blvd Suite #199, Stafford, TX 77477
Phone: 866-942-9516
Email: support@impactreceivablesmanagement.com
Familiarize yourself with the Fair Debt Collection Practices Act. The law outlines your rights and limits what collectors can do.
Respond to an Impact Receivables Management Lawsuit
If Impact Receivables Management sued you, don’t delay. Take action immediately.
Most people lose debt lawsuits because they fail to respond. A default judgment gives collectors the right to garnish wages and seize property.
You can prevent a default judgment by filing an Answer. Here’s how:
- Review the Summons and Complaint carefully
- Draft an Answer document
- Respond to each claim against you
- Assert your affirmative defenses
- File the Answer before your state’s deadline
You should have received court documents notifying you of the lawsuit. The Summons notifies you of the case details. The Complaint lists the specific claims against you.
In your Answer, you address each claim. You can admit, deny, or deny due to lack of knowledge.
Include your affirmative defenses in the Answer. Affirmative defenses are legal reasons you shouldn’t be held liable.
Our partner Solo can help you draft and file an Answer in all 50 states. The software generates a personalized Answer for your case.
Settle Your Debt with Impact Receivables Management
After you file an Answer, you have time to negotiate.
In a debt settlement, you offer a portion of the total amount. Most creditors accept at least 60% of the debt’s value.
In exchange for a lump-sum payment, Impact Receivables Management drops legal claims. They release you from the remaining balance.
Once you reach a settlement, get a written agreement. The document should outline all terms you’ve agreed upon.
Don’t make any payments until you have the agreement in writing. Late or missed payments can nullify your settlement.
Ensure the account shows “paid” or “settled” on your credit report. The balance should be zero.
Dispute any inaccuracies if your report hasn’t been updated. You can file a dispute with the credit reporting agency.
Our partner Solo offers a tech-based approach to debt settlement. The software helps you send and receive settlement offers until you reach an agreement.
Once an agreement is reached, Solo helps you manage settlement documentation. Your payment transfers to the collector while keeping your financial information private.
Avoiding Future Debt
Once you’ve resolved your debt with Impact Receivables Management, take preventive steps.
Create a budget and stick to it. Track your income and expenses carefully.
Build an emergency fund to cover unexpected expenses. Start small if you need to.
Regularly check your credit report for discrepancies. You’re entitled to free reports annually.
If you’re overwhelmed by the process, reach out for help. Credit counseling agencies can provide guidance.
Vet any company thoroughly to avoid scams. Check reviews and BBB ratings before signing up.
Resolving a debt requires understanding, communication, and negotiation. Your financial well-being comes first.