RGS Financial

Updated

Is RGS Financial hurting your credit score?

Schedule a free credit consultation to find out how you can eliminate inaccurate and questionable negative information from your credit report.

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?

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?

Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.

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.

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 can help you dispute RGS Financial 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.

Ready to Repair Your Credit?

Learn how to get help disputing errors on your credit report that could be hurting your credit score.

Crediful
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.