If Financial Recovery Services, Inc. (FRS) is showing up on your credit report, it likely means an unpaid account has been sent to collections. Collection accounts can hurt your credit score, but there are ways to address the issue—and even have the account removed.
Who Is Financial Recovery Services?
Financial Recovery Services is a third-party debt collection agency with offices in Superior, Wisconsin, and Edina, Minnesota. They are hired by businesses to collect overdue debts.
If FRS appears on your credit report, it means an account you owed has been placed with them for collection.
Who Does Financial Recovery Services Collect For?
FRS works with companies across several industries, including:
- Credit card issuers
- Personal and installment loan providers
- Retailers that offer in-store financing
- Utility service companies
- Warranty or service contract providers
It’s common for collection notices to show up before you know which original creditor the debt came from, so always request that information if it’s not clear.
Is Financial Recovery Services Legitimate?
Yes, Financial Recovery Services is a real and authorized debt collection agency. That doesn’t mean every account they pursue is valid. Errors happen, debts can be sold multiple times, and incorrect information sometimes ends up on your credit report.
Always verify the debt before making payments or agreeing to settle.
How to Remove Financial Recovery Services From Your Credit Report
Collection accounts can stay on your credit report for up to seven years, but you have options to remove FRS:
- Dispute Inaccurate Information: Check your credit report for errors. If the account details, balance, or dates are incorrect, file a dispute with the credit bureaus. They must investigate and fix any inaccuracies.
- Request Debt Validation: You can ask FRS to prove the debt is yours. Send a debt validation letter within 30 days of their first contact. If they cannot provide proof, they must stop collecting and remove the account.
- Negotiate a Pay-for-Delete Agreement: In some cases, you may be able to offer payment in exchange for the account being removed from your credit report. Always get the agreement in writing before paying.
- Work With a Credit Repair Professional: Credit repair companies can help challenge negative marks like FRS collections. Many people prefer letting experienced professionals handle disputes and negotiations.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Should You Contact or Pay Financial Recovery Services?
Before contacting FRS or making any payments, confirm the debt is valid and still legally collectible. In some states, paying an old debt can restart the collection clock, which might make it easier for them to sue you.
If the debt is accurate, consider your options. Some people pursue pay-for-delete arrangements to remove the account entirely, while others choose to dispute or validate the debt first.
Can Financial Recovery Services Sue You or Garnish Your Wages?
FRS can take legal action to recover debts. If they file a lawsuit and win, they may be able to:
- Garnish your wages
- Freeze your bank account
- Place a lien on your property
The ability to take these actions depends on your state laws. Lawsuits are more likely for larger balances, but not every account results in legal action.
Financial Recovery Services Contact Information
- Address:
Financial Recovery Services, Inc.
69 N 28th St, Suite 203
Superior, WI 54880 - Additional Office:
4510 W 77th St, Suite 200
Edina, MN 55435 - Phone Numbers:
(866) 438-2860
(715) 392-4512
(952) 831-4800
Financial Recovery Services Complaints
Like most collection agencies, FRS has complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Common complaints include:
- Incorrect information reported to the credit bureaus
- Harassment or repeated phone calls
- Failure to properly verify debts
If you experience these issues, you can file a complaint:
- CFPB: Visit consumerfinance.gov or call (855) 411-2372
- BBB: Submit your complaint at bbb.org
Your Rights When Dealing With FRS
The Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) protect your rights. You have the right to:
- Dispute inaccurate or incomplete information on your credit report
- Request debt validation; they must prove the debt is yours and accurate
- Be treated fairly; threats, harassment, or abusive language are illegal
- Receive clear communication identifying them as a debt collection agency
- Never be threatened with arrest or jail over unpaid debts
If your rights are violated, report the issue to the CFPB or seek legal assistance.
Remove Financial Recovery Services From Your Credit Report Today
If FRS is damaging your credit report, you don’t have to handle it alone. Credit Saint has helped thousands of people challenge negative marks from collection agencies like Financial Recovery Services.
They even offer a 90-day money-back guarantee for added peace of mind.
Ready to take the next step? Visit their website or call (855) 281-1510 today.
Brooke Banks is a personal finance writer specializing in credit, debt, and smart money management. She helps readers understand their rights, build better credit, and make confident financial decisions with clear, practical advice.
