Cascade Receivables Management LLC (CRM) is an independent collection agency located in California. CRM has received complaints from consumers about violation under the Fair Debt Collection Practices Act (FDCPA) and has also been accused of trying to collect unpaid debts and failing to confirm the debts. If CRM has reached out to you about financial obligations, be sure to know your rights before taking actions.
Are Cascade Receivables Management a scam?
They’re legit. As per the Better Business Bureau (BBB), Cascade Receivables Management, LLC is an authorized collection agency that was established locally in 2009, and then incorporated in the state Delaware in 2013. The BBB created a profile page on behalf of CRM in the year 2015. CRM is classified as in 2015 as a credit relief, repayment and debt management service provider as well as a collection agency. CRM is a collection agency and debt relief service provider. BBB estimates CRM’s workforce at nine employees. CRM utilizes an alternative corporate name Cascade 365.
According to the website of its company, “the Cascade365 Family of Companies is a recognized leader in the management of accounts receivables revenue cycle, as well as specialty finance markets.” Cascade 365 includes CRM and Cascade Capital, LLC. Cascade Capital, LLC “is a specialist finance company that offers immediate liquidity to the holders of insolvent or non-performing account receivable…either by purchasing receivables, or through asset-backed loans as well as other investment strategies.” CRM “provides consulting master servicing, as well as technological solutions to owners of non-performing or illiquid credit accounts.”
CRM is of the opinion that “consumerism is an integral part of American society,”” and citing a figure that personal consumer Expenditures (PCE) are responsible for more than 70% of U.S. Gross Domestic Product (GDP) and is the principal engine behind the growth of the economy in the coming years.” CRM believes that “the expansion in credit for consumers boosts the economy…and lets consumers participate within this U.S. economic system.” CRM states that it enhances the profitability of clients and reduces costs through “expertly managing every aspect of the end-to-end management of portfolios” and reduces risk by securing client brands and “administers a vendor portal that is proprietary that allows for greater efficiency in the performance of clients and oversight of compliance.”
Who does Cascade Receivables Management collect for?
Cascade Receivables Management accepts delinquent accounts from a range of sectors, including “auto debt and installment loans, credit cards as well as retail account.” Additionally, CRM states that it “is an expert in providing liquidity for financial institutions and healthcare professionals.”
CRM’s debt solutions manage accounts receivables contracted out to other firms to “unlock the value of assets, increase the cash flow in the short and long term shift staffing and systems… that are focused on the recovery of assets and oversight of the vendor shift responsibility and risk” off of the creditor who originally made the loan; and enhance the customer experience.
The CRM website claims the company “operates in accordance in accordance with HIPAA, FDCPA, FCRA, TCPA, and GLBA.” Their Consumer Resources page provides links to the International Association of Credit and Collection Professionals (ACA International) as well as with the Receivables Management Association (RMA); Credit Karma; MyMoney.gov and Mint.com. But, they do not offer direct links to consumer protection laws or enforcement agencies.
How many complaints do you have about Cascade Receivables Management?
As of January , 2019 the BBB has resolved Ten complaints with regard to Cascade Receivables Management in the past three years, along with 8 cases being resolved in the past twelve months. The majority of these complaints were based on issues with collections and billing. Since March 2015 the Consumer Financial Protection Bureau (CFPB) has received 35 complaints about CRM. Justia lists at the very least five instances of civil litigation that involve CRM, a large portion of which are disputes with other financial companies.
Can Cascade Receivables Management Sue Me or Garnish My Wages?
It is not legal for a debt collector take on unsubstantial threats to sue or garnish you your earnings. It’s also not likely CRM You could be sued to collect a debt you do not be owed, or that they are unable to be able to prove. But, debt collection agencies are often accused of summoning the debtor to court and seized wages following a default judgment. Informing an attorney in advance of when that could happen is a wise move. We’ve helped thousands of people to fight back against untrustworthy debt collection companies. Find out if our services can assist you now!
