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Recovery Ace, Inc.

Headquarter

Company Details

Name: Recovery Ace, Inc.
Jurisdiction: Colorado
Legal type: Domestic profit corporation
Status: Good Standing
Date of registration: 24 Feb 2016 (9 years ago)
Entity Number: 20161136347
ZIP code: 80112
County: Arapahoe County
Place of Formation: COLORADO
Principal Address: 56 Inverness Dr E Ste 270 Englewood CO 80112 US

Links between entities

Type Company Name Company Number State
Headquarter of Recovery Ace, Inc., MINNESOTA cd19330f-b165-e711-817e-00155d01c6c6 MINNESOTA

Agent

Name Role Address
Douglas Kim Agent 56 Inverness Dr E Ste 270 Englewood CO 80112 US

Transaction History

Transaction ID Type Date Effective date Name Comment
20241112844 File Report 2024-01-25 2024-01-25 No data Principal address changed, Change in registered agent information
20231472933 File Report 2023-05-01 2023-05-01 No data Principal address changed, Change in registered agent information
20221118326 File Report 2022-01-31 2022-01-31 No data No data
20211402288 File Report 2021-04-26 2021-04-26 No data No data
20201581824 Statement of Change Changing the Principal Office Address 2020-07-02 2020-07-02 No data Principal address changed;
20201581854 Statement of Change Changing the Registered Agent Information 2020-07-02 2020-07-02 No data Registered agent information changed;Removed agent mailing address;
20201135919 File Report 2020-02-12 2020-02-12 No data No data
20191149383 Statement of Change Changing the Principal Office Address 2019-02-22 2019-02-22 No data Principal address changed;
20191149400 File Report 2019-02-22 2019-02-22 No data Change of Registered Agent Address
20181151754 File Report 2018-02-23 2018-02-23 No data No data

CFPB Complaint

Complaint Id Date Received Issue Product
7904473 2023-11-26 Written notification about debt Debt collection
Issue Written notification about debt
Timely Yes
Company Recovery Ace Inc
Product Debt collection
Sub Issue Didn't receive notice of right to dispute
Sub Product Auto debt
Date Received 2023-11-26
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2023-11-26
Complaint What Happened I obtained a loan through XXXX XXXX XXXX to buy a XXXX XXXX XXXX. The credit union failed to obtain the Certificate of Title and the Power of Attorney expired after one year. ( XX/XX/XXXX ) I was making payments for 8 months to XXXX for a car they did not own. After a lawsuit was filed by me to get XXXX to obtain the Title, they filed a 3rd party lawsuit against XXXX XXXX who held title from the Seller of the car. The lawsuit by me was dropped as a promise from the credit union was made stating they had the title, and the loan could resume. I still could not obtain plates and the DMV would not grant anymore extensions. XXXX XXXX XXXX did not obtain the Title like they stated so an Agreement for me to surrender the car and the debt be erased from the tradeline and any retribution of my loan was written up by XXXX XXXX XXXX 's XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Two years later, XX/XX/XXXX I received a letter from Recovery Ace- Debt Collector stating I owe {$16000.00} and that the car was sold for {$2100.00}. I wrote a letter in response to letter I received from Recovery Ace dated XX/XX/XXXX. An agreement was made by me and XXXX XXXX XXXX & their Lawyer, XXXX XXXX ; XXXX, XXXX & XXXX, XXXX to surrender the XXXX XXXX XXXX and the debt erased with no retribution to the loan amount. This agreement was made due to the fact XXXX XXXX XXXX was in breach of the contract. The Power of Attorney for Motor Vehicle Only expired one year to the date of the purchase. XXXX failed to : Apply for and Receive a New Registration or Temporary Registration Apply for and Receive Certificate of Title Apply for and Receive Duplicate Certificate of Title To Transfer ownership and acknowledge odometer reading I was unable to acquire License Plates for the entire term I had possession of the XXXX XXXX XXXX. I was stopped numerous times by County Sheriffs. I was working out-of-town in XXXX and later in XXXX XXXX and was XXXX XXXX XXXX XXXX, XXXX XXXX XXXX XXXX XXXX XXXXXXXX, XXXX XXXX XXXX XXXX and XXXX XXXX for expired plates . The DMV was gracious enough to extend my temporary plates 5 times. Each time I was stopped by police I had to produce a letter ( s ) from XXXX XXXX XXXX to the Motor Vehicle Dept requesting 60-day extensions. Letters dated XX/XX/XXXX, XX/XX/XXXX & XX/XX/XXXX. ( provided upon request ) Registrations : 1. Expired XX/XX/XXXX XXXX. Expired XX/XX/XXXX XXXX. Expired XX/XX/XXXX ( XXXX extension only ) 4. Expired XX/XX/XXXX I filed a lawsuit against XXXX XXXX XXXX for failure to fulfill the Contract in obtaining Registration and Certificate of Title. This lawsuit was later dropped due to an agreement between me and XXXX XXXX XXXX. XXXX filed a 3rd party lawsuit against XXXXXXXX XXXX and previous owner of the Car ( XXXX XXXX XXXX XXXX The lawsuit claimed XXXX XXXX and XXXX failed to deliver possession of the certificate of title to the Credit Union . This is/was a dispute between XXXX and XXXX. This lawsuit was dropped by XXXX XXXX XXXX. My contract was with XXXX. XXXX failed to uphold their end of the contract. As of XX/XX/XXXX, ( 14 months after the expired Power of Attorney ) XXXX XXXX XXXX had still not received Certificate of Title for the vehicle. At this time, XXXX XXXX XXXX and I reached an agreement for me to surrender the car in lieu of erasing said debt and delete the tradeline associated with the auto loan, in addition it was agreed that XXXX XXXX XXXX would not report the subject tradeline to the Credit Reporting Agencies. I was coerced by XXXX XXXX XXXX Attorney to sign the Statement of Voluntary Surrender of Collateral with their wording, stating I was not able to make the payments. I stopped making payments because XXXX XXXX XXXX breached the contract and were unable to obtain the Certificate of Title from XXXX I was making payments to XXXX and they did not own the vehicle. Our agreement also stated that XXXX XXXX XXXX request the credit reporting agencies delete the subject tradeline. I was never provided proof the XXXX XXXX actually pursued this part of the agreement. XXXX XXXX is in breach of our agreement as well. In addition, your letter states the car was sold for {$2100.00}. I have maintenance/repairs for the XXXX XXXX. I have paid the following : Replace Camshaft Adjuster Solenoid {$120.00} ACT 6 Puck Clutch {$1100.00} Master Slave Cylinder {$320.00} Clutch Kit and Fly Wheel {$1100.00} Fork & Pin and Transmission Shaft and Steel Sleeve and XXXX XXXX XXXX XXXX XXXX XXXX XXXX {$120.00} Alignment & Brake Service {$70.00} XXXX XXXX XXXX XXXX {$460.00} Total Amount for Repairs : {$3400.00} ( receipts to be provide upon request ) The XXXX XXXX XXXX had the following upgrades : The Motor was a XXXX XXXX XXXX XXXX worth {$5600.00} before installation. ( Paperwork can be provided upon request ) Upgraded Air-Intake ( XXXX XXXX can be provided upon request ) XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Grimm Speed Approximately {$1200.00} before Installation AOS ( Air-Oil Separator ) {$400.00} Upgraded Fuel Injectors XXXX cc {$500.00} Upgraded Pully Wheel for Motor {$280.00} Upgraded to STI Turbo {$1900.00} Fully Adjustable XXXX Coil-Over Suspension ~ {$1300.00} Stage XXXX ACT Clutch Kit {$650.00} After Market XXXX ( Blow-Off Valve ) {$210.00} TGV ( Tumble Generator Valve ) Deletes- changes air flow ratio {$110.00}. Transmission was fully built to handle added power from all the modifications done to the motor Upgraded Up & Down XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Titanium {$1100.00} Custom Tunes for ECU {$490.00} In addition, the XXXX had the following cosmetic upgrades : After-Market Wheels & Tires XXXX Wheels Front Lip for XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX and Shift Knob XXXX ( Access Port XXXX for XXXX Readings for Custom Tune Upgraded LED Lights The agreement I had with XXXX XXXX XXXX when the car was surrendered XXXX XXXX XXXX sell the vehicle in any commercially reasonable manner. Selling this car for {$2100.00} is not reasonable. This car could have been sold for {$10000.00} + even with a blown motor. ( Which this car did not have a blown motor only a dead battery ). The FTC stops unfair, deceptive and fraudulent bad business practices from companies that break the law. XXXX XXXX XXXX is participating in fraudulent bad business practice by trying to collect a debt from me that I do not owe. I will file a Consumer Financial Protection Bureau complaint against XXXX XXXX XXXX for unfair bad business. XXXX XXXX XXXX is deliberately seeking retribution against me for filing a lawsuit. After the lawsuit was dropped, XXXX XXXX XXXX claimed they had possession of the title and we could resume the loan, but they would not credit me the interest I had already paid along with the principal amount. In addition, they lied about having the title as I still could not obtain license plates. It wasnt until XX/XX/XXXX we agreed on the Surrender of the Vehicle and they would keep the payments I had already made. XXXX was collecting payments to a car they did not own. How is that even legal? XXXX XXXX XXXX has spent more money on Attorney Fees and now Recovery Ace than the amount they are seeking to obtain from me. I am happy to appear in court, if it comes to that as I know I have all the necessary paperwork to prove XXXX XXXX XXXX is in the wrong and this is nothing more than an act of retaliation. I appreciate your time and consideration for looking into this matter.
Consumer Consent Provided Consent provided
3296673 2019-07-05 Written notification about debt Debt collection
Tags Older American, Servicemember
Issue Written notification about debt
Timely Yes
Company Recovery Ace Inc
Product Debt collection
Sub Issue Didn't receive enough information to verify debt
Sub Product I do not know
Date Received 2019-07-05
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2019-07-15
Company Public Response Company believes it acted appropriately as authorized by contract or law
Consumer Consent Provided Other
6376675 2022-12-29 Attempts to collect debt not owed Debt collection
Issue Attempts to collect debt not owed
Timely Yes
Company Recovery Ace Inc
Product Debt collection
Sub Issue Debt was paid
Sub Product Other debt
Date Received 2022-12-29
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2023-01-23
Company Public Response Company believes it acted appropriately as authorized by contract or law
Consumer Consent Provided Consent not provided
8665448 2024-04-01 False statements or representation Debt collection
Issue False statements or representation
Timely Yes
Company Recovery Ace Inc
Product Debt collection
Sub Issue Attempted to collect wrong amount
Sub Product Other debt
Date Received 2024-04-01
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2024-04-01
Complaint What Happened I have paid this company {$3600.00} for this debt. The final payment was {$550.00} instead they rejected he payment saying i owed another {$1100.00} in interest saying I now owe over {$1800.00} after we came to a court organized agreement. They are fraudulent and now trying to collect more than owed
Consumer Consent Provided Consent provided
4391598 2021-05-20 Problem with a credit reporting company's investigation into an existing problem Credit reporting, credit repair services, or other personal consumer reports
Issue Problem with a credit reporting company's investigation into an existing problem
Timely Yes
Company Recovery Ace Inc
Product Credit reporting, credit repair services, or other personal consumer reports
Sub Issue Their investigation did not fix an error on your report
Sub Product Credit reporting
Date Received 2021-05-20
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2021-05-20
Company Public Response Company believes it acted appropriately as authorized by contract or law
Complaint What Happened was led to believe that by a representative of the collection company that when i paid the collection that it would be removed from my credit report with the three credit bureaus and it hasn't been. Please help me get this resolved. I have tried disputing it with the credit bureaus but have gotten no response and it still remains on XXXX and XXXX. Please help me resolve this issue as it should not have been on my report to begin with. I paid it immediately once i saw it and was told it would be removed and it is effecting my ability to get a home loan.
Consumer Consent Provided Consent provided

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
2091048507 2021-02-19 0811 PPS 56 Inverness Dr E Ste 270, Englewood, CO, 80112-5129
Loan Status Date 2021-11-18
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 43000
Loan Approval Amount (current) 43000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 478121
Servicing Lender Name Community Banks of Colorado, A Division of
Servicing Lender Address 7800, E Orchard Road, Ste 200, Greenwood Village, CO, 80111
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Englewood, ARAPAHOE, CO, 80112-5129
Project Congressional District CO-06
Number of Employees 3
NAICS code 561440
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 478121
Originating Lender Name Community Banks of Colorado, A Division of
Originating Lender Address Greenwood Village, CO
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 43139.01
Forgiveness Paid Date 2021-06-29
8059167106 2020-04-15 0811 PPP 9250 E COSTILLA AVE Ste 320, GREENWOOD VILLAGE, CO, 80112-3360
Loan Status Date 2021-02-17
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 36800
Loan Approval Amount (current) 36800
Undisbursed Amount 0
Franchise Name -
Lender Location ID 478121
Servicing Lender Name Community Banks of Colorado, A Division of
Servicing Lender Address 7800, E Orchard Road, Ste 200, Greenwood Village, CO, 80111
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address GREENWOOD VILLAGE, ARAPAHOE, CO, 80112-3360
Project Congressional District CO-06
Number of Employees 3
NAICS code 561440
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 478121
Originating Lender Name Community Banks of Colorado, A Division of
Originating Lender Address Greenwood Village, CO
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 37067.18
Forgiveness Paid Date 2021-01-07

Date of last update: 10 Feb 2025

Sources: Colorado's Secretary of State