What does AB RCY SVS mean on my credit report?

Learn about AB RCY SVS, an recovery service offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is AB RCY SVS?

AB RCY SVS is shorthand for Absolute Recovery Services, with the company name being Absolute Recovery Services, LLC

The absolute recovery services llc (ars) is a relatively new name in the memphis collection industry but not at all a newcomer. By increasing collections for mrg by almost 400%, jason and his team were able to leverage their expertise and experience further to expand into other businesses.

AB RCY SVS is a Recovery Service provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Absolute Recovery Services.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Absolute Recovery Services:


  • 1010 June Rd., Suite 202, Memphis, TN 38119





Absolute Recovery Services, LLC offers a comprehensive collections process that includes an end-to-end telephone collections process, a letter series, and new collection software. They are well-regarded by their clients and have increased collections for clients by more than 300%. You can make a payment using a prepaid debit card, wire transfer, or other methods. There are penalties for late or missed payments.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? Yes
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Bank XYZ offers loan consolidation services to help manage debt more effectively. To qualify for loan forgiveness, you may need to meet certain criteria, such as having made a certain number of on-time payments or working in an eligible occupation. You may also need to request for loan forgiveness from your lender or servicer. Testimonials from clients of Absolute Recovery Services confirm that their services could be helpful in managing debt collection and increasing returns.

Question Answer
Do they offer loan forgiveness? No

How to Apply

you can apply for a loan online, over the phone, or in person with Absolute Recovery Services. You can also apply for a loan using their mobile app, or with a cosigner. The services offered by Absolute Recovery Services (ARS) have been found to be highly effective and reliable by their customers, and they are recommended by those in the industry.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

AB RCY SVS SmartCredit Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove AB RCY SVS from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.