Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request that the debt collector confirm that the information is correct. You can do this by checking for inaccurate or incomplete information through a debt validation request.
Alternatively, you can try to get the debt deleted on a technicality. Goodwill deletions aren’t always possible. If a debt collector can see that you were going through a hard time and simply couldn’t make the payment, it may inspire sympathy. You should also explain why you would like the entry removed, such as wanting to qualify for a mortgage or a car loan. To request a goodwill deletion, you will need to write a letter to Phoenix Financial Services and explain the reason for your late payment. If they can see that it was a one-time occurrence, they may be willing to wipe the slate clean. A debt collector is more likely to grant you a goodwill deletion if you are in good standing with your current creditor. You may be able to get the collection entry removed from your credit report by asking for a goodwill deletion.Ī goodwill deletion is when a debt collection agency deletes an entry from your credit report out of goodwill. If you have already paid the debt to Phoenix Financial Services, you may be worried that you don’t have any bargaining power. Here are the fundamental steps you can take to remove it from your credit report and get your credit score back on track. The only way to prevent extensive damage from Phoenix Financial Services to your credit report is to remove its entry as soon as you can.
PHOENIX FINANCIAL SERVICES CUSTOMER SERVICE NUMBER HOW TO
How to remove Phoenix Financial Services from your credit report
Most debt collectors have complaints against them, but Phoenix Financial Services certainly has more than the average. The majority of these complaints are concerning harassment, failure to validate debts and inaccurate reporting, all of which violate the Fair Credit Reporting Act (FCRA) and the Health Insurance Portability and Accountability Act (HIPAA). There are roughly 950 complaints filed with the Consumer Financial Protection Bureau (CFPB) and over 300 with the Better Business Bureau (BBB). It may show up on your credit report under various names, including:ĭespite only being six years old, Phoenix Financial Services has a significant number of complaints. It specializes in collecting debts from things like medical bills, student loan debts and government obligations.
Originally founded in 2014, Phoenix Financial Services is a small debt collection agency out of Indianapolis, Indiana.
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