Who is Finance System of Toledo?
Finance System of Toledo, Inc. is a debt collection agency located in Toledo, Ohio. Their client base is primarily in Ohio, Michigan, and Indiana.
If Finance System of Toledo, Inc. appears on your credit report, it likely signifies that they are trying to collect a debt you owe, often due to an unpaid bill or account that’s been sent to collections.
Who does Finance System of Toledo collect for?
Finance System of Toledo, Inc. primarily focuses on medical collections. They collect debts on behalf of a variety of healthcare entities including billing companies, hospitals, medical clinics, physician groups, private practice physicians, surgery centers, and other medical facilities.
Is Finance System of Toledo legit or a scam?
Finance System of Toledo is a legitimate company. They are authorized to collect debts on behalf of their clients. However, if you’re contacted by them about a debt, it’s crucial to verify the validity of the debt before agreeing to any payments.
How can I remove Finance System of Toledo 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.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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Finance System of Toledo, Inc. Contact Information
Finance System of Toledo, Inc.
2821 N Holland Sylvania Rd Ste C
Toledo, OH 43615-1851
Phone number: (800) 666-5139 or (419) 578-4300
Should I contact or pay Finance System of Toledo?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.
The most effective way to deal with Finance System of Toledo is to work with a credit repair professional. They help remove millions of negative items every year from companies like Finance System of Toledo on behalf of their clients.
Will Finance System of Toledo sue me or garnish my wages?
Finance System of Toledo, Inc. has the legal right to file a lawsuit against a debtor for an unpaid debt. If the court rules in their favor and a judgement is granted against you, they could potentially garnish your wages, levy your bank account, or place a lien on your property, depending on the laws in your state.
However, it’s important to remember that taking legal action is often the last resort for most collection agencies. The process of suing can be costly and time-consuming, so they typically prefer to work out a repayment plan with you.
Finance System of Toledo, Inc. 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 a debt collector is harassing you, you may want to 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 the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Finance System of Toledo, Inc.
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for Finance System of Toledo 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Finance System of Toledo may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Finance System of Toledo must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- Finance System of Toledo cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Finance System of Toledo From Your Credit Report Today!
Credit Saint can assist you in disputing Finance System of Toledo accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
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