Who is Phoenix Financial Services?
Phoenix Financial Services, LLC is a nationally licensed debt collection agency located in Indianapolis, Indiana. Their primary role is to aid companies in recovering outstanding balances from customers who have been unable to pay their bills.
If you notice Phoenix Financial Services on your credit report, it’s often a sign that you’ve got an unpaid bill. This can be due to various types of debt, such as medical expenses, student loans, or other unpaid obligations.
Is Phoenix Financial Services on my credit report?
Phoenix Financial Services may appear on your credit report as any of the following entries:
- phnx finan
- phoenix collection
- phoenix financial
- phoenix financial llc
- phoenix financial serv
- phoenix financial servic
- phoenix financial svcs
- phoenix pendrick
Who does Phoenix Financial Services collect for?
Phoenix Financial Services caters to a diverse range of sectors, but they specialize in the recovery of medical debts, student loans, as well as tax and government obligations. This means that they work closely with healthcare providers, educational institutions, and government bodies, helping them recover money owed by customers.
Is Phoenix Financial Services legit or a scam?
Phoenix Financial Services is a legitimate debt collection 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 Phoenix Financial 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.)
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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.
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Phoenix Financial Services, LLC Contact Information
Phoenix Financial Services, LLC
8902 Otis Ave
Indianapolis, IN 46216
Phoenix Financial Services, LLC
PO Box 361450
Indianapolis, IN 46236
Phone number: (855) 342-6567
Should I contact or pay Phoenix Financial 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 debt, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with Phoenix Financial Services is to work with a credit repair professional. They help remove millions of negative items every year from companies like Phoenix Financial Services on behalf of their clients.
Will Phoenix Financial Services sue me or garnish my wages?
Phoenix Financial Services is entitled to sue you for an unpaid debt, but this is generally considered a last resort due to the time and cost involved. If they choose to sue and subsequently win a judgment in court, they may have the ability to garnish your wages or levy your bank account, based on the laws in your specific state.
Phoenix Financial Services, LLC 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 you find yourself facing any of these situations with Phoenix Financial Services, you should also 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 Phoenix Financial Services, LLC
There are strict regulations about what a debt collection agency can and cannot do in the United States. For example, the FDCPA prevents the use of abusive or deceptive tactics to collect any debt, regardless of whether you actually owe it. 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 Phoenix Financial Services to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Upon sending a debt validation letter, the debt collector reporting the information must prove to you, within 30 days, that the account is really your responsibility and the amount of money you owe is accurate.
- Phoenix Financial Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Phoenix Financial 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.
- Phoenix Financial Services cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Phoenix Financial Services From Your Credit Report Today!
Credit Saint can assist you in disputing Phoenix Financial Services 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.
Ready to Repair Your Credit?
Learn how to get help disputing errors on your credit report that could be hurting your credit score.
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