Dynamic Recovery Solutions is a third-party collection agency that works with a variety of companies and lenders to collect on past due accounts. As a debt collector, Dynamic Recovery Solutions collects on behalf of original creditors and debt buyers who purchase past due accounts. Understanding who Dynamic Recovery Solutions collects for can provide insight into the types of debts they may be trying to collect from consumers.
Major Industries and Creditors Dynamic Recovery Solutions Collects For
Dynamic Recovery Solutions collects debt across a wide range of industries and companies. Some of the major industries and types of creditors Dynamic Recovery Solutions collects for include:
- Banks and credit unions – This includes major banks like Chase, Wells Fargo, and Bank of America. Dynamic Recovery Solutions collects on past due credit cards, personal loans, auto loans, and other debts owed to financial institutions.
- Retailers and e-commerce – Major retailers often use third-party agencies like Dynamic Recovery Solutions to collect on credit card balances, installments loans, and other consumer debts that have fallen behind.
- Telecommunications – Phone, internet, and cable providers utilize Dynamic Recovery Solutions to recover unpaid bills from consumers.
- Utilities – Electric, gas, and water utility companies work with Dynamic Recovery Solutions to collect on overdue utility bills.
- Healthcare providers – Hospitals, clinics, and other healthcare providers partner with Dynamic Recovery Solutions to recover medical debts that patients have not paid.
- Government agencies – Local, state, and federal government entities may use Dynamic Recovery Solutions to collect on fees, fines, taxes, and other obligations owed by citizens and businesses.
- Education lenders – Dynamic Recovery Solutions collects on defaulted student loans, unpaid tuition balances, and other education-related debts.
- Insurance companies – Insurers often turn to third-party agencies when policyholders fall behind on premiums or other financial obligations.
In addition to collecting for major industries and large institutional creditors, Dynamic Recovery Solutions also works with smaller regional and local businesses across various sectors that need assistance recovering on defaulted accounts.
Major Debt Buyers Dynamic Recovery Solutions Collects For
Along with collecting for original creditors, Dynamic Recovery Solutions also collects on behalf of large debt buyers that purchase portfolios of past due accounts from creditors. Some of the major debt buyers that Dynamic Recovery Solutions is known to collect for include:
- LVNV Funding LLC – One of the largest debt buyers, LVNV purchases a significant amount of past due credit card debt and utilizes Dynamic Recovery Solutions for collection.
- Midland Funding LLC – A subsidiary of Encore Capital Group, Midland Funding is a prominent debt buyer focused primarily on charged-off credit card accounts.
- Portfolio Recovery Associates – Dynamic Recovery Solutions collects on behalf of this major debt buyer across a range of consumer debt types including credit cards, auto loans, and medical bills.
- Receivables Performance Management LLC – A debt buyer that specializes in collecting on charged-off telecommunications and utility accounts.
- First National Collection Bureau, Inc. – Primarily focuses on the purchase and collection of medical debts across hospitals, clinics, and other healthcare providers.
These large debt buyers will often purchase debts for pennies on the dollar, then utilize collection agencies like Dynamic Recovery Solutions to recover the full balance. The original creditor sells off past due accounts to debt buyers as a way to secure at least some payment without having to undertake collection efforts themselves.
Types of Consumer Debt Dynamic Recovery Solutions Collects
Dynamic Recovery Solutions collects on a broad range of past due consumer debt accounts including:
- Credit card debt – One of the most common debt types collected, often sold to debt buyers after being charged off by issuers.
- Medical debt – Past due medical bills are a major collection segment for Dynamic Recovery Solutions.
- Personal loans – Unsecured loans from banks, credit unions, online lenders and other sources fall under Dynamic Recovery Solutions’ purview.
- Auto loans – Car loan and auto leases that have fallen into default are collected by Dynamic Recovery Solutions.
- Retail credit – Store-issued credit cards and other retail installment loans often get collected by Dynamic Recovery Solutions after default.
- Mortgages – While less common, Dynamic Recovery Solutions may collect on past due home loans and foreclosures.
- Payday loans – These high-interest, short-term loans are collected by Dynamic Recovery Solutions when borrowers default.
- Consumer finance loans – Personal loans issued by finance companies for large purchases, home improvements, consolidations and other purposes are collected on.
- Telecommunications debt – Unpaid phone, internet, and cable bills are a major debt category for Dynamic Recovery Solutions.
- Utilities debt – Overdue electricity, water, gas and other household utility bills get collected by Dynamic Recovery Solutions.
- Apartment debt – Landlords will use Dynamic Recovery Solutions to recover unpaid rent, fees and other housing-related debts from tenants.
- Government debt – Fines, fees, taxes and other debts owed to government entities are collected on.
- Student loans – While rare, Dynamic Recovery Solutions may collect on some defaulted private student loan balances.
- Insurance premiums – Unpaid insurance bills and policy premiums are collected for providers.
- Child support – Dynamic Recovery Solutions may aid in recovery of delinquent child support payments.
- Business debt – B2B invoices, contracts, loans and other unpaid corporate debts get collected by Dynamic Recovery Solutions.
Essentially any type of past due consumer account, bill or loan across a wide range of industries may ultimately end up with Dynamic Recovery Solutions if the original creditor is unable to collect.
Geographic Regions Dynamic Recovery Solutions Covers
As a large national debt collection agency, Dynamic Recovery Solutions collects across all 50 U.S. states. The company is headquartered in South Carolina, and has call centers located across regions including:
- Southeast – South Carolina, North Carolina, Georgia, Florida
- Southwest – Texas, Oklahoma
- Midwest – Illinois, Ohio
- West Coast – Nevada, California
This geographic diversity allows Dynamic Recovery Solutions to work effectively with creditors and debt buyers across the country. The company is fully compliant with state and federal collection laws in all regions it operates in.
Conclusion
In summary, Dynamic Recovery Solutions collects a vast range of past due debts on behalf of major banks, credit card issuers, retailers, telecoms, utilities, healthcare providers, debt buyers and many other types of creditors across all industries and regions of the United States. They focus on consumer debt collection ranging from credit cards, medical bills, personal loans, mortgages, auto loans and a variety of other account types that have fallen behind. Understanding who Dynamic Recovery Solutions works on behalf of can provide consumers with insights if they are contacted for collections by this agency.