How To Deal With Revco Solutions: Validate, Dispute, or Settle
Revco Solutions LLC is a legitimate debt collection agency that primarily collects medical bills. Before paying anything, ask Revco to validate the debt. If they verify it, you can dispute it, pay it, or negotiate a settlement for less than the original amount.
Answer Debt LawsuitRevco Solutions is a consumer debt collector. They primarily collect past-due medical bills for their clients. In some cases, they also collect other types of consumer debt. If Revco Solutions contacts you, ask them to validate the debt first. If they prove the debt is valid, you can decide how to proceed. You can dispute the debt, pay it in full, or negotiate a lower amount.
What Is Revco Solutions?
Revco Solutions LLC is a debt collection agency. They primarily help hospitals and healthcare providers collect medical bills. They also collect debts for retail, utility, and finance companies. They work with commercial businesses and government entities too. Though they act as a middle-man, you can pay them directly.
Being Contacted by Revco Solutions? Respond the Right Way
Don't let Revco Solutions intimidate you. Get help validating your debt, disputing errors, or negotiating a settlement that works for your budget.
Respond to Revco NowYou can reach Revco representatives at 855-202-0113. You can also email them at mail@revcosolutions.com. They have an online contact form available on their website.
Revco collects debts from consumers across the U.S. They have physical offices in Jacksonville, Florida; Columbus, Ohio; and Durham, North Carolina.
Why Is Revco Solutions Contacting Me?
Revco Solutions LLC is likely contacting you about a past-due bill. A medical provider, utility company, or other company asked them to collect from you.
If you’re being contacted about a medical bill, check with your insurance first. Your health insurer may have partially covered the bill. Contact your insurance company to see what they did and didn’t cover.
Is Revco Solutions Legit?
Yes, Revco Solutions is a legitimate debt collection company. Many consumers have filed complaints against them, though. The Better Business Bureau and Consumer Financial Protection Bureau have received numerous complaints.
Revco isn’t accredited by the BBB but receives a grade and rating. The BBB rates Revco Solutions as a “B+.” Their customer rating is just 1.04 stars out of 5. In the last three years, over 110 complaints were filed with the BBB. The CFPB has fielded over 300 complaints for “Revco Management, LLC” since December 2011.
Several customer complaints allege the following:
- The company has made false or misleading statements about the debt or consequences
- The company has tried to collect debts consumers don’t owe
- Company representatives have used abusive language or harassment
- The company hasn’t validated debts upon request
The Fair Debt Collection Practices Act (FDCPA) prohibits third-party debt collectors from harassing or misleading consumers. If you believe Revco has violated the FDCPA, you have rights. You can file a complaint or sue the debt collector for compensation.
How Do I Know if I’m Being Scammed?
Revco Solutions is a real company. Scammers may use their name to trick you, though. They want your personal information.
Be wary of anyone asking for full bank account information. Be cautious of anyone asking for your Social Security number. Watch out for anyone who refuses to answer your questions about the account. You can avoid debt collection scams by learning common red flags.
Do I Have To Pay Revco Solutions?
You might have to pay Revco Solutions. Before you do, you need to validate the debt.
Debt validation helps you verify the debt amount is accurate. It confirms Revco Solutions has authority to collect from you. When debts transfer between creditors and collection agencies, mistakes happen. Exercise your right to have Revco validate your debt details.
Step 1: Send a Debt Verification Letter
Revco Solutions must send you a debt validation letter when they first contact you. They have up to five days after first contact. If you haven’t received this letter, request one.
The debt validation letter should tell you the debt details. It should inform you of your right to dispute within 30 days. If you file a dispute, Revco must pause all collection efforts.
If Revco Solutions doesn’t validate the debt within 30 days, you probably don’t need to pay. If Revco Solutions validates the debt, you can decide what happens next.
If the validation notice doesn’t include all the information you need, send a debt verification letter. Use this letter to ask for more information. You can also use this letter to dispute the debt.
Step 2: Decide What To Do Next
Once Revco has validated the debt, choose your next step. You can:
- Dispute the debt if you disagree with it
- Pay the debt in full
- Negotiate a debt settlement to pay less than you owe
- Ignore the debt (not recommended due to serious consequences)
Option 1: Dispute the Debt
If Revco Solutions validates the debt but you disagree, dispute it. You might agree you owe the debt but disagree with the amount. Maybe you don’t owe the debt at all. They may have the wrong account holder.
If you file a debt dispute, check your credit report too. If a debt collector has incorrect information, they likely reported it to credit bureaus. That can hurt your credit score.
The Fair Credit Reporting Act gives you the right to dispute credit report errors. To dispute a credit report error, send a 609 letter. Send it to any major credit bureau: Experian, TransUnion, or Equifax.
Regardless of what happens with your Revco account, medical debts shouldn’t appear on your credit report unless they’re greater than $500 and older than one year.
Option 2: Negotiate the Debt and Make a Settlement Offer
Paying the debt in full is the simplest way to handle it. Many people with big medical bills can’t afford that. If this sounds like you, try to negotiate a settlement offer. If you’re successful, you may pay just 40% to 60% of the original amount.
Why are debt collectors open to negotiations? They don’t get paid unless you pay them. They are motivated to get paid and close the account. They’re often willing to accept less than the full amount.
Need help negotiating? Our partner Solo can help you respond to debt collectors and negotiate settlements.
Can You Negotiate Every Past-Due Debt?
You can’t negotiate all consumer debts. It’s quite common to negotiate medical debt and healthcare bills. Past-due personal loans, utility bills, and credit card debt are often negotiable. You can even negotiate past-due tax debt with the IRS.
Some debt isn’t usually negotiable. Home mortgages and car loans are two common examples. These debts are backed by property the lender can take back. Lenders aren’t typically motivated to negotiate secured debts.
Federal student loan debt isn’t usually negotiable either. If you’re struggling with student debt, check out student loan forgiveness programs.
Option 3: Ignore the Debt (Not Recommended)
Ignoring the debt is theoretically an option. It’s not a good idea. It can lead to bigger problems and more stress.
What Happens if I Ignore Revco Solutions?
Debt collectors like Revco don’t give up easily. If you ignore a debt collection agency, your credit score will likely suffer. Your debt may actually increase as interest and fees are added.
Worst-case scenario: You could be sued and have your wages garnished. Debt collectors can sue you as long as the statute of limitations hasn’t expired.
You have more power than you might think. Many debt collection tactics rely on consumers not knowing their rights. By reading this article, you’ve put yourself in a better position. You can identify improper debt collection efforts. You can negotiate a debt settlement agreement.
Can Revco Solutions Sue Me?
It’s possible for Revco Solutions to sue you. They probably won’t though. Most debts they collect belong to the original creditor. If you get sued, the lawsuit will likely come from the original creditor, not Revco.
When deciding whether to sue a consumer, debt collectors consider several factors:
- How expensive the lawsuit will be
- How much you owe
- How old the debt is
- How easy it will be to get a wage garnishment order
If you get sued, you’ll probably get served with a complaint and summons. You might receive these by mail or in person. After you get these court documents, you have limited time to file a response. It’s important to respond to the lawsuit. If you don’t, you’ll probably lose by default.
Many people can answer the summons without hiring a lawyer. If you’re worried about responding on your own but can’t afford a lawyer, our partner Solo can help. They’ve helped 234,000 people respond to debt lawsuits. They offer a 100% money-back guarantee.