Who is Action Financial Services, LLC?
Action Financial Services, LLC (AFS) is a debt collection agency based in Medford, Oregon.
You may see AFS listed on your credit report as a collections account. This can happen if you have defaulted on a federal student loan or other debt and they’ve hired a collection agency to collect that debt.
Who does Action Financial Services collect for?
Action Financial Services specializes in collecting student loan debt. On their website, it states they are “dedicated to recouping money for the U.S. Department of Education (ED).”
Action Financial Services tries to help borrowers transfer into an affordable repayment plan for their student loan(s) through the Federal Student Loan Rehabilitation Program or consolidate their student loan(s) through the Federal Direct Consolidation Program.
How can I remove Action Financial Services from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)
Lexington Law is a professional credit repair company that helps people fix their credit.
In addition to collections, Lexington Law will help you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
Call Lexington Law now to learn more: (800) 220-0084
Action Financial Services, LLC (AFS) Contact Information
Action Financial Services, LLC
2055 Cardinal Ave
Medford, OR 97504
Action Financial Services, LLC
PO Box 3250
Central Point, OR 97502
Phone number: (888) 253-4239
Should I contact or pay Action Financial Services?
Nothing good can come from speaking to a collection agency on the phone. However, when dealing with student loans, it’s best to work something out with your lender. Failure to pay student loan debt can ultimately result in a lawsuit and the possibility of having a judgment rendered against you, including wage garnishment.
You may also want to contact a professional credit repair service. They delete millions of negative items every year from companies like Action Financial Services for millions of clients nationwide.
And they may be able to help you too.
Will Action Financial Services sue me or garnish my wages?
In their attempt to collect a debt, sometimes a collection agency will resort to litigation, but you have nothing to worry about if you work with a law firm like Lexington Law. They will help you dispute the collection account with the credit bureaus and possibly remove it from your credit report. It’s also quite possible that you will never hear from or have to deal with Action Financial Services, LLC again.
Call Lexington Law to learn how they can help you avoid lawsuits and remove negative items from your credit report that will significantly improve your credit scores.
Some states allow wage garnishment, while others do not. It is important to note that if you are in a state that does not allow wage garnishment, it is illegal for a debt collector to threaten to garnish your wages.
It is also illegal for Action Financial Services to make any claims they cannot or will not follow through on—this includes threatening to sue you or foreclose on your home.
Action Financial Services, LLC Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with a debt collection agency, you should also consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Lexington Law knows that you have rights, and Action Financial Services, LLC does too.
Your Rights When Dealing with Action Financial Services
There are strict regulations about what a debt collector can and cannot do in the United States. For example, the Fair Debt Collection Practices Act prevents the use of abusive or deceptive tactics to collect a debt. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Action Financial Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Action Financial Services must be honest about who they are and what they are attempting to do. They must notify you that they are a collection agency both orally and in writing.
- Action Financial Services cannot threaten to have you arrested, and they are not allowed to threaten to take legal action if they have no intention of doing so.
Avoid the phone. Never talk to a debt collector on the phone. The less they know about you, the better.
Politely tell them it’s your policy to deal with everything in writing. Request a letter with the original debt information and then hang up. If they keep calling, send them a cease & desist letter.
Record their phone calls. If you must deal with a debt collection agency on the phone, record them. Thirty-five states and the District of Columbia allow you to record your phone conversations secretly.
In the other 15 states, you can record with the other party’s permission. If you tell the debt collector you are going to record, and they keep talking, that’s considered giving permission. They will usually hang up.
Don’t believe what they say. Debt collectors are known to make false threats, lie, and tell you whatever they need to tell you to get you to pay the debt.
Don’t attempt to hide money. Hiding money or assets from a legitimate debt collector is illegal if you owe them. However, it’s also best to avoid giving access to your bank account or credit card information.
Don’t apply for new lines of credit. It’s also considered fraudulent to apply for new lines of credit if you are unable to pay your current creditors.
Don’t ignore them. You can do things on your terms, but ignoring the situation will not make AFS go away. Ignoring them sets you up for a possible lawsuit.
Know Your State’s Statute of Limitations. Each state has a statute of limitations on debt. Once your debt reaches a certain age, it is considered “zombie debt,” and you are no longer legally obligated to pay it. The age limit varies from state to state, but it’s typically around 4-6 years.
A collection agency is still allowed to contact you about these debts, but they can no longer sue you for them, and you are not required to pay them.
Remove Action Financial Services From Your Credit Report Today!
Lexington Law specializes in disputing Action Financial Services accounts. They have over 18 years of experience and have removed over 7 million negative items for their clients in 2020 alone.
If you’re looking for a reputable company to help you with collection accounts and repair your credit, consider working with Lexington Law.
You can give them a call at (800) 220-0084 for a free credit consultation. They have helped many people in your situation and have paralegals standing by waiting to take your call.
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