Independence Capital Recovery: Who They Are and Your Rights

Type

Collection agency

Also known as

Independence Capital Recovery, LLC; Independence Capital Recovery LLC; ICR

Headquarters

Williamsville, NY

70 debt collection complaints were sent to the Consumer Financial Protection Bureau about Independence Capital Recovery, LLC from November 13, 2023 to November 12, 2026. A complaint is a consumer's account, not a finding that the company broke the law. Read the complaints in the CFPB database.

Who Is Independence Capital Recovery?

Independence Capital Recovery, LLC, which goes by ICR, is a collection agency in the Buffalo, New York area. Its BBB business profile describes it as a collection agency organized as a limited liability company, in business since December 16, 2019, and names Jim Prawel and general manager Jason Chisholm as contacts. The profile lists icroffice.com as its website, but when we tried to open that site its security certificate could not be verified, so we have not relied on it. The Texas Secretary of State's records show an active Texas debt collector bond for Independence Capital Recovery, LLC, filed March 19, 2020, at 6225 Sheridan Drive, Suite 203, Williamsville, NY 14221. We did not find a CFPB enforcement action against Independence Capital Recovery.

The Buffalo area is home to many collection agencies with similar-sounding names. Match the Sheridan Drive address on your letter before treating this page as describing your collector.

Why Independence Capital Recovery May Be Contacting You

We did not find a verified public statement from ICR about its clients or the kinds of debt it handles. The validation notice is the place to learn what your account is and who owns it. If you receive a call, text or voicemail first, ask the caller to mail that notice before discussing payment.

How to Check a Debt Independence Capital Recovery Says You Owe

• Ask who owns the debt now. The validation notice must name both the creditor on the itemization date and the current creditor (12 C.F.R. § 1006.34(c)). If those differ, the account has probably been sold, perhaps more than once.
• Request proof of the chain of ownership if a buyer owns it, along with the original account statements.
• Compare the balance with your last statement from the original lender and look for added interest or fees.
• Dispute in writing within the validation period if anything is off (15 U.S.C. § 1692g(b)). See validation notices.
• Watch for old debts. Texas generally allows four years to sue (Tex. Civ. Prac. & Rem. Code § 16.004), and debt buyers cannot sue on time-barred consumer debt (Tex. Fin. Code § 392.307). New York and other states set their own periods. See time-barred debt in Texas.

What Independence Capital Recovery Can and Can't Do

An agency collecting consumer debts owed to others is a "debt collector" under 15 U.S.C. § 1692a(6).

• It may not leave voicemails that reveal the debt to someone else who hears them (15 U.S.C. § 1692c(b)).
• It may not call more than seven times in seven days about one debt (12 C.F.R. § 1006.14(b)(2)); see call limits.
• It may not threaten a lawsuit on a debt that is too old to sue on (12 C.F.R. § 1006.26(b)).
• In Texas, it cannot garnish wages for an ordinary consumer debt (Tex. Const. art. XVI, § 28).

If its collection went too far, see our Texas FDCPA attorneys page.

We Sue Debt Collectors That Break the FDCPA

Texas Debt Law files Fair Debt Collection Practices Act lawsuits against debt collectors in federal court for consumers in Texas, California, Illinois, Georgia and Colorado. If Independence Capital Recovery or anyone collecting for it harassed you, misstated what you owe, threatened action it could not take, or told others about your debt, you may have a claim. A court can order a collector that violated the FDCPA to pay your actual damages, up to $1,000 in additional statutory damages, and your attorney's fees and costs (15 U.S.C. § 1692k(a)). An FDCPA claim generally must be filed within one year of the violation (§ 1692k(d)), so keep your letters, call logs, voicemails and screenshots, and talk to us early. Texas residents may also have claims under the Texas Debt Collection Act. Learn more from our FDCPA attorneys.

Free FDCPA Case Review(214) 851-2250

Or start your free case evaluation online. No lawyer can promise a result; every claim depends on its facts and proof.

Sources

• BBB business profile: Independence Capital Recovery LLC (Buffalo area, NY)
• Texas Secretary of State debt collector bond search (Independence Capital Recovery, LLC)
• CFPB enforcement actions search
• CFPB Consumer Complaint Database: Independence Capital Recovery, LLC, debt collection

This profile is general information compiled from public sources, not legal advice, and it does not state or imply that Independence Capital Recovery has violated any law. Company details change; tell us if something here is out of date.