How to Remove Phoenix Financial Services From Your Credit Report

Is Phoenix Financial Services hurting your credit score?

Lexington Law has helped millions of customers remove collections and other negative items from their credit reports. Let them help you too!

Who is Phoenix Financial Services?

Phoenix Financial Services, LLC is a nationally licensed debt collection agency located in Indianapolis, Indiana.

You may see them listed on your credit report as a collections account. This can happen if you didn’t pay a bill.

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
  • phoenixfinancialsvcs

Who does Phoenix Financial Services collect for?

Phoenix Financial Services specializes in the recovery of medical and student loans, as well as tax and government obligations.

Is Phoenix Financial Services legit or a scam?

Phoenix Financial Services is a legitimate debt collection company. They were most likely assigned your debt (or bought your debt) from one of the companies they work with. However, just because they are legit, doesn’t mean you actually owe them anything. Keep reading to learn more.

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.

(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)

Lexington Law is a professional credit repair company that helps people fix their credit.

In addition to collections, Lexington Law will help you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Call Lexington Law now to learn more: (800) 220-0084

Phoenix Financial Services, LLC Contact Information

Address:

Phoenix Financial Services, LLC
8902 Otis Ave
Indianapolis, IN 46216

Mailing address:

Phoenix Financial Services, LLC
PO Box 361450
Indianapolis, IN 46236

Website: https://www.phoenixfinancialsvcs.com

Phone number: (855) 342-6567

Should I contact or pay Phoenix Financial Services?

Nothing good can come from contacting a collection agency like Phoenix Financial Services. And making payments on the debt will reset the clock. So instead of helping your credit, it could make it worse. Of course, there are times when it’s best to just pay the debt, especially if it’s new, and you’re certain that it’s legit.

The best way to handle this is to work with a credit repair professional. They delete millions of negative items every year from companies like Phoenix Financial Services for millions of clients nationwide.

And they may be able to help you too.

Will Phoenix Financial Services sue me or garnish my wages?

In their attempt to collect a debt, a debt collector may resort to litigation. However, if you work with a law firm like Lexington Law, you have nothing to worry about. They will help you dispute the Phoenix Financial Services debt and possibly remove it from your credit report. It’s also quite possible that you will never hear from or have to deal with Phoenix Financial Services again.

Call Lexington Law to learn how they can help you avoid lawsuits and remove negative items from your credit report that will significantly improve your credit scores.

Wage Garnishment

Some states allow wage garnishment, while others do not. It is important to note that if you are in a state that does not allow wage garnishment, it is illegal for a debt collector to threaten to garnish your wages.

It is also illegal for Phoenix Financial Services to make any claims they cannot or will not follow through on—this includes threatening to sue you or foreclose on your home.

Is Phoenix Financial Services hurting my credit score?

The missed payments that led to the collection harm your credit score. A collection account on your credit report further reduces your ability to qualify for new credit.

Debt collectors often buy and sell debt from one another, which can lead to multiple collections on your credit reports for the same account.

When this happens, if you don’t dispute the accounts with the credit bureaus and get them all removed, they will harm your credit score.

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). Lexington Law knows that you have rights, and Phoenix Financial Services does too.

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, 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 Phoenix Financial Services to report inaccurate or incomplete information on your credit report.
  • 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, and they are not allowed to threaten to take legal action if they have no intention of doing so.

Remove Phoenix Financial Services From Your Credit Report Today!

Lexington Law specializes in disputing Phoenix Financial Services accounts. They have over 18 years of experience and have removed over 7 million negative items for their clients in 2020 alone.

If you’re looking for a reputable credit repair company to help you with collection accounts and repair your credit, consider working with Lexington Law.

You can give them a call at (800) 220-0084 for a free credit consultation. They have helped many people in your situation and have paralegals standing by waiting to take your call.