What does S&S RECOVERY mean on my credit report?

Learn about S&S RECOVERY, an collections agency 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 S&S RECOVERY?

S&S RECOVERY is shorthand for S&S Recovery Inc, with the company name being S&S Recovery Inc Inc

Founded in December 1984, S&S Recovery, Inc. provides professional recovery services for higher education educational loans since 1985. Its founder manages personally the entire process of collecting on delinquent debts from students, parents, colleges and universities.

S&S RECOVERY is a Collections Agency provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.
  • ⚫ You opened an account with S&S Recovery Inc.
  • ⚫ S&S Recovery Inc bought your debt and are now trying to collect on it.
  • ⚫ You opened a credit card / loan / mortgage with this company.
  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for S&S Recovery Inc:

Address:

  • 2814 Stage Center Drive Memphis, TN 38134

Website:

Email:

Phone:

Payments

S&S Recovery, Inc. offers a variety of payment methods, including third-party collections, cohort management, virtual agent payment portal, asset searches, loan consolidation, deferment and forbearance programs, and more. They also offer payment refunds, though not through phone payment services. You can make payments online or through their mobile app. There are penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? No
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? No
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

S&S Recovery, Inc. does not offer loan forgiveness, however they do offer payment plans, rehabilitation, loan consolidation, deferment and forbearance programs to assist in resolving delinquent debt. S&S Recovery, Inc. offers loan consolidation, payment plans, rehabilitation, deferment, and forbearance programs.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

S&S Recovery Inc. specializes in providing debt collection and recovery services to higher education institutions and does not offer online loan application services. You can notapply for a loan over the phone or in person. They also don’t have a mobile app for loan applications. You also can’t apply for a loan with a cosigner.

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

SmartCredit Report Example

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

S&S RECOVERY 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.

What is a Collections Agency?

Collection agencies appear on your report when a company has failed to collect an outstanding debt. If a creditor has sent your debt to collections, they expect to receive only a portion of any money collected. For them, this is preferable to receiving nothing at all continuing the process of trying to collect your debt themselves. However due to the agressive nature of some collection agencys, you may feel threatened or harrassed by them. However, the good news is that if they inaccurately reported your debt and you take the correct credit repair action, there is a good chance that you will not have to repay and inaccurately reported debt.

How do I remove S&S RECOVERY 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.