Financial Recovery Services


Is Financial Recovery Services hurting your credit score?

Schedule a free consultation to learn how to 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 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.)

Ready to Raise Your Credit Score?

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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 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?

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 a debt collector 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 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

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 Recovery Services

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

Remove Financial Recovery Services From Your Credit Report Today!

Credit Saint can help you dispute Financial Recovery Services 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.

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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.