Financial Data Systems


Is Financial Data Systems hurting your credit score?

Schedule a free credit consultation to find out how you can eliminate inaccurate and questionable negative information from your credit report.

Who is Financial Data Systems?

Financial Data Systems, LLC (FDS) is a debt collection agency located in Wilmington, North Carolina. They operate primarily within North Carolina, Texas, West Virginia, and surrounding states.

If FDS appears on your credit report, it indicates that a bill you haven’t paid has been handed over to them for recovery.

Who does Financial Data Systems collect for?

Financial Data Systems focuses on recouping past due debts for original creditors. These original creditors may span various industries such as healthcare, utilities, credit card companies, or retail businesses.

Is Financial Data Systems legit or a scam?

Financial Data Systems is a legitimate company. They are authorized to collect debts 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 Financial Data Systems 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.)

Ready to Raise Your Credit Score?

Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.

Professional credit repair services work with people who want to get their credit back on track.

In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Get started on the path to better credit today: Fill out the form for a free credit consultation.

Financial Data Systems (FDS) Contact Information


Financial Data Systems
1638 Military Cutoff Rd
Wilmington, NC 28403

Phone number: (910) 392-2998 or (888) 950-7800

Should I contact or pay Financial Data Systems?

It’s best to avoid speaking to a debt collector on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the debt, especially if it’s new, and you’re certain that it’s legit.

The most effective way to deal with Financial Data Systems is to work with a credit repair professional. They help remove millions of negative items every year from companies like Financial Data Systems on behalf of their clients.

Will Financial Data Systems sue me or garnish my wages?

While it is within Financial Data Systems’ rights as a debt collector to initiate legal action to recover a debt, this step is often considered a last resort due to the costs and time involved.

Financial Data Systems will typically make efforts to collect the debt through other methods first. This could include phone calls, letters, and negotiating payment plans. If these efforts do not result in payment and the agency chooses to sue, winning the lawsuit may give them the ability to garnish your wages or levy your bank account, though this is dependent on your specific state laws.

Financial Data Systems (FDS) 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 Financial Data Systems

Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a collection agency 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 Financial Data Systems 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.
  • Financial Data Systems may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
  • Financial Data Systems 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.
  • Financial Data Systems cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove Financial Data Systems From Your Credit Report Today!

Credit Saint can assist you in disputing Financial Data Systems collection 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.

They have helped many people in your situation. Fill out the form on their website or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.

Ready to Repair Your Credit?

Learn how to get help disputing errors on your credit report that could be hurting your credit score.

Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.