Who is RGS Financial?
RGS Financial, Inc. is a third-party debt collection agency based in Richardson, Texas. Their primary role is to recover unpaid debts on behalf of their clients.
If you have an outstanding bill that has been sent to collections, you might see RGS Financial listed on your credit report as a collections account.
Who does RGS Financial collect for?
RGS Financial collects debts primarily for online lenders and credit card companies. Online lenders, which can include peer-to-peer lenders, payday loan providers, and other non-traditional lending institutions, often contract with RGS Financial to recover unpaid loans.
Similarly, credit card companies may engage RGS Financial to collect on delinquent accounts, which can include unpaid balances, late fees, and interest charges.
Is RGS Financial legit or a scam?
RGS Financial is a legitimate 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 RGS Financial from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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RGS Financial, Inc. Contact Information
Address:
RGS Financial
1700 Jay Ell Dr Ste 200
Richardson, TX 75081
Mailing address:
RGS Financial
PO Box 852039
Richardson, TX 75085
Phone number: (866) 941-8600
Should I contact or pay RGS Financial?
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 Credit reports can contain errors or list debts that are no longer valid.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 RGS Financial is to work with a credit repair professional. They help remove millions of negative items every year from companies like RGS Financial on behalf of their clients.
Will RGS Financial sue me or garnish my wages?
RGS Financial has the legal authority to sue you for an unpaid debt. If they win the lawsuit, they may be granted a judgment by the court, which could lead to wage garnishment, a lien on your property, or a levy on your bank account. However, this is typically a last resort for debt collectors, as the legal process can be lengthy and expensive.
RGS Financial, Inc. 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 RGS Financial, Inc.
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 RGS Financial 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.
- RGS Financial cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- RGS Financial 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.
- RGS Financial cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove RGS Financial From Your Credit Report Today!
Credit Saint offers assistance with disputing RGS Financial collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
