Financial Data Systems

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 stay on your credit report for up to seven years, even if you pay them. Paying the collection might even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(Though debt collectors may not want this widely known, it’s your right to be informed.)

Professional credit repair services assist people in getting their credit back on track.

They can help challenge inaccurate, unfair, or unsubstantiated information on your credit report, including collections, 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

Address:

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?

Before contacting a debt collector, 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 Credit reports can contain errors or list debts that are no longer valid.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 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

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 Data Systems

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 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. They have 30 days to prove the debt is yours and the amount is accurate.
• Financial Data Systems cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
• Financial Data Systems 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.
• Financial Data Systems cannot threaten to have you arrested or imprisoned for unpaid debts.

Remove Financial Data Systems From Your Credit Report Today!

Credit Saint can help you dispute Financial Data Systems collection accounts. With over 15 years of experience, they have a proven track record of removing incorrect entries for many 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 call (855) 281-1510 for a free credit consultation to see what they can do for you.