CFPB Debt Collection Complaint Ranking*:
#71 of 2,458 Companies
Lawsuits, Penalties, or Sanctions:
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Debt Recovery Solutions, LLC is a family owned consumer debt collection agency and debt buyer operating in New York for over 12 years. Since its founding, DRS has processed claims totaling over $5 billion. Their client base includes telecommunications, healthcare, auto, student and consumer loans, and credit card portfolios.
Co-owners Donald and Elliot Schwartz are both attorneys and both formerly partners at Coldata, Inc. (owned by their father Ruvin Schwartz) where they serviced debt portfolios for many of the major banks (American Express, Citibank, Capital One, etc.), unions, and city and state governments.
* Ranking determined by the overall number of debt collection complaints to the Consumer Financial Protection Bureau (CFPB) as of year-end 2015 and should be considered in context of company size and/or market share. See the CFPB debt collection complaint database in real-time here.
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