Financial Recovery Services

Is Financial Recovery Services hurting your credit score?

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

Who is Financial Recovery Services?

Financial Recovery Services, Inc. (FRS) is a debt collection agency with its offices located in Superior, Wisconsin, and Edina, Minnesota. They act as a mediator between creditors and debtors, helping companies recover unpaid debts.

If you see FRS listed on your credit report, it likely means that an unpaid bill you have has been turned over to them for collection.

Who does Financial Recovery Services collect for?

Financial Recovery Services works with a variety of creditors across different market segments, collecting past due debts on their behalf. These segments include bankcard companies, companies offering installment loans, retail businesses, service contract companies, and utility companies.

Is Financial Recovery Services legit or a scam?

Financial Recovery Services is a legitimate company. They are authorized to collect debts on behalf of their clients. That said, like many collection agencies, they might engage in persistent communication practices, including frequent phone calls, text messages, or emails, in an attempt to collect the debt.

How can I remove Financial Recovery 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.

(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?

Some clients have raised their credit scores
by 100 points* or more.

[*] Results are not typical or guaranteed.

Lexington Law is a professional credit repair law firm that works with people who want to fix their credit.

In addition to collections, they can work with 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 Recovery Services, Inc. Contact Information


Financial Recovery Services, Inc.
69 N 28th St Ste 203
Superior, WI 54880

Financial Recovery Services, Inc.
4510 W. 77th St Ste 200
Edina, MN 55435

Phone number: (715) 392-4512 or (952) 831-4800 or (866) 438-2860

Should I contact or pay Financial Recovery Services?

It’s best to avoid speaking to a collection agency 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 collection account, especially if it’s new, and you’re certain that it’s legit.

The most effective way to deal with a collection agency like FRS is to work with a credit repair professional. They help remove millions of negative items every year from companies like Financial Recovery Services, Inc. on behalf of their clients.

Will Financial Recovery Services sue me or garnish my wages?

Financial Recovery Services, like other debt collection agencies, is entitled to sue you for unpaid debts. If they win a lawsuit against you, they can obtain a court judgment. This judgment, depending on the laws in your specific state, may allow them to garnish your wages or use other methods to collect the debt, such as levying your bank account or placing a lien on your property.

However, not every debt collection agency will choose to sue or garnish wages for every debt. The decision to take legal action can depend on several factors, including the size of the debt, the potential cost of litigation, and the likelihood of successfully collecting the debt.

Financial Recovery Services 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 Recovery Services

Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA 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 Recovery Services 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 Recovery Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
  • Financial Recovery Services 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 Recovery Services cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove Financial Recovery Services From Your Credit Report Today!

Lexington Law can assist you in disputing Financial Recovery Services collection accounts. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.

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 for a free credit consultation to see what they can do for you.

Ready to Repair Your Credit?

Some clients have raised their credit scores
by 100 points* or more.

[*] Results are not typical or guaranteed.