Who is FBCS?
Financial Business and Consumer Solutions or FBCS, Inc. is a debt collection agency headquartered in Hatboro, Pennsylvania. FBCS also has locations in North Cape May, New Jersey and Tampa, Florida.
If FBCS appears on your credit report, it typically signifies an unpaid bill that has been transferred to them for collection.
Who does FBCS collect for?
FBCS provides its debt collection services across various sectors. It works with companies in auto loans and leases, commercial recovery, consumer credit, healthcare, student loans, and utilities.
Is FBCS legit or a scam?
FBCS is a legitimate company. They’ve been in business since 1982 and were formerly known as Federal Bond Collection Services.
They operate within the laws governing debt collection and are authorized to collect on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove FBCS Collections from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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Financial Business and Consumer Solutions (FBCS) Contact Information
Addresses:
Financial Business and Consumer Solutions
330 S Warminster Road, Suite 353
Hatboro, PA 19040
Financial Business and Consumer Solutions
3860 Bayshore Road, Suite 8
North Cape May, NJ 08204
Financial Business and Consumer Solutions
3802 Corporex Park Drive, Suite 160
Tampa, FL 33619
Phone number: (866) 594-8640
Should I contact or pay FBCS, Inc.?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with FBCS is to work with a credit repair professional. They help remove millions of negative items every year from companies like Financial Business and Consumer Solutions on behalf of their clients.
Will FBCS, Inc. sue me or garnish my wages?
FBCS, Inc., like other debt collection agencies, has the legal authority to file a lawsuit against individuals who owe a debt. If they win the lawsuit and obtain a judgment against you, they might be able to garnish your wages or levy your bank account, depending on the laws in your state.
However, it’s important to understand that initiating a lawsuit is often considered a last resort due to the time, effort, and cost involved. This decision typically depends on various factors, such as the size of the debt, the likelihood of collecting the debt, and the specific policies of the collection agency.
FBCS, Inc. Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Financial Business and Consumer Solutions
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for FBCS, Inc. to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- FBCS, Inc. cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- FBCS, Inc. must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- FBCS, Inc. cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove FBCS Collections From Your Credit Report Today!
Credit Saint offers assistance with disputing FBCS accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
