TexCap Financial, LLC

Who is TexCap Financial?

TexCap Financial, LLC is a financial services company based in Dallas, Texas. They specialize in providing services to “buy here, pay here” auto dealerships.

Buy here, pay here dealerships are car dealers that offer financing to buyers, usually those with poor or no credit. These dealerships handle the loan approval process in-house rather than through third-party financial institutions.

If TexCap Financial is listed on your credit report, it typically signifies an outstanding debt that they are trying to collect, often due to a missed or late payment on an auto loan.

Is TexCap Financial legit or a scam?

TexCap Financial is a legitimate company. They are authorized to collect debts on behalf of their clients, which are mostly auto dealerships. However, it’s important to verify any debts they claim you owe before making any payments.

How can I remove TexCap 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.)

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.

TexCap Financial, LLC Contact Information

Address:

TexCap Financial, LLC
14875 Landmark Blvd
Dallas, TX 75254

Phone number: (877) 782-5559 or (214) 396-4104

Should I contact or pay TexCap Financial?

Before contacting a collection agency, 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 Credit reports can contain errors or list debts that are no longer valid.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 TexCap Financial is to work with a credit repair professional. They help remove millions of negative items every year from companies like TexCap Financial, LLC on behalf of their clients.

Will TexCap Financial sue me or garnish my wages?

TexCap Financial does have the legal right to sue you for unpaid debts. If they file a lawsuit and win, the court may grant them a judgment. This judgment could allow them to garnish your wages or levy your bank account. The specific collection actions they can take will depend on your state’s laws.

However, remember that a lawsuit is generally a last resort for financial institutions and debt collectors due to the cost and time involved. Prior to this step, TexCap Financial will likely attempt to contact you multiple times to negotiate repayment of the debt.

TexCap Financial, LLC 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 TexCap Financial, LLC

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 TexCap 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.
• TexCap Financial cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
• TexCap 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.
• TexCap Financial cannot threaten to have you arrested or imprisoned for unpaid debts.

Remove TexCap Financial, LLC From Your Credit Report Today!

Credit Saint can help you dispute TexCap Financial, LLC 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.