Has Monarch Recovery contacted you with a debt collection letter or phone call from a collector?
Monarch Recovery Management, Inc. sends debt collection letters and makes debt collection calls to try to recover money for their clients. Does Monarch Recovery say you or a loved one owe them money?
If so, Tayne Law Group is exactly the type of help you’ve been looking for to help you resolve the debt with Monarch Recovery. Read below to learn more about how we may be able to settle a debt with Monarch Recovery for you.
Who is Monarch Recovery?
Monarch Recovery is a third-party debt recovery agency specializing in bank and retail credit cards, mortgages, and medical bills. They claim to have helped some of the largest lending institutions in the country.
We don’t recommend contacting creditors directly, but Monarch’s contact information is as follows:
Monarch Recovery
3260 Tillman Drive, STE 75
Bensalem, Pennsylvania
19020
Phone number: (800) 220-0605
Is Monarch Recovery legitimate?
Monarch Recovery website boasts that each team member has been in the collection industry for over 20 years and has been rated “A+” by the Better Business Bureau. Though a quick online search reveals, they are often taken to court for violating federal debt collection laws for their debt collection practices.
What should you do if Monarch Recovery contacts you?
Monarch Recovery sends debt collection notices and executes phone calls, all intending to collect outstanding debts. It’s standard practice for such firms to seek a default judgment against individuals who remain mute in response to these notices and calls.
However, remember that debt collectors must authenticate that you owe them. Some of these debts might even be past their collection period, having outlived the statute of limitations. Fortunately, the Fair Debt Collection Practices Act (FDCPA) protects borrowers. Unfortunately, infringements can sometimes occur. To counter this, you can send a debt validation letter. This serves to verify whether the debt in question is genuinely yours and if it’s legitimate.
We recommend contacting a dedicated debt relief legal firm that can provide guidance tailored to your circumstance.
How we can help
Our experience allows us to anticipate potential issues when dealing with debt collection agencies who are collecting debts. We can help minimize risk and save you money, stress, and fear. We can help you understand the process of debt collection, the best kind of debt settlement, investigate your debt and devise a strategy that will make the most sense for your specific financial and debt resolution goals.
Working with the right debt resolution law firm like Tayne Law will give you peace of mind that your debts are handled best. Call today for a free, no-obligation debt help consultation and see what a difference a phone call can make. Call NOW! 866-890-7337
Monarch success stories at the Tayne Law Group
Citicards debt, originally $7,657.29, settled for $1915.00; the client was thrilled with a 25% settlement.
Frequently Asked Questions (FAQs)
Monarch Recovery is a debt collection agency. If they’re calling you, it’s most likely because they believe you owe a debt. The debt could be from various sources, such as credit card companies, banks, or other lenders. It’s possible there could be a mistake, or the debt may belong to someone else with a similar name or contact information. It’s important to get as much information as possible and to verify the debt.
Monarch Recovery works for creditors and financial institutions seeking to collect outstanding debts. Their clients could include banks, credit card companies, or any other organization with extended credit or loans that haven’t been fully repaid. They purchase the rights to collect these debts or are assigned by the original creditor to collect on their behalf.
Monarch Recovery is not a nonprofit. It is a for-profit debt collection agency. However, you should verify their current status directly, as organizations can change over time.
Monarch Recovery is a debt collection agency. Their primary function is to collect unpaid debts on behalf of creditors. They do this by contacting the person who owes the debt, usually by phone or mail, and attempting to arrange payment. They may negotiate repayment plans, settlements, or other arrangements.
The best way to contact Monarch Recovery would be through the contact information provided above. Remember that keeping a written record of all interactions with debt collection agencies is advisable for your own protection.
