![]() ![]() Phoenix Financial Services failed to uphold their side of the deal until Tommy submitted a formal complaint with BBB. As part of the settlement, Phoenix Financial Services agreed to remove the account from all the credit reporting agencies. He sent a cashier's check for $158.40 to the company with a letter that outlined the terms and conditions of the settlement. Reporting fraudulent debts, as a result of identity theft, to the credit bureaus.Įxample: A consumer, let's call him Tommy, reached a settlement with Phoenix Financial Services.Calling to discuss a medical debt and hanging up when asked to verify the debt.Trying to collect a debt in the wrong amount.Reporting inaccurate information to the credit bureaus.These complaints involve the following actions by Phoenix Financial Services: In the past three years, Phoenix Financial Services has received more than 130 complaints on its Better Business Bureau profile. Phoenix Financial Services has more than 1,100 complaints listed against it on the Consumer Financial Protection Bureau's complaint database. In addition, consumers have reported being threatened by Phoenix Financial debt collectors with actions the agency could not actually take. For example, consumers have reported improper contact or sharing of information by debt collectors affiliated with Phoenix Financial Services. Why? Because the debt collection agency has received numerous complaints filed by consumers who alleged the agency violated the Fair Debt Collection Practices Act (FDCPA). The reputation of Phoenix Financial Services is not good. Phoenix Financial Services has bad reviews According to the Indiana Secretary of State's Office, Phoenix Financial Services maintains a perpetual business license with five full-time employees and annual revenue of close to $500,000.00. The company focuses on third party debt collection and is listed as a domestic limited liability company. Phoenix Financial Services is a debt collection agency based in Indiana (specifically Indianapolis) that has been in business since 2014. Phoenix Financial Services, like many other debt collection companies, often utilize aggressive and troublign tactics to try and compel you to repay the debt you allegedly owe.That is why Phoenix Financial Services may call you on your phone multiple times each day, try to connect with you on Facebook, Twitter, or another social media platform and they will probably send you threatening letters in the mail. If you are being subjected to harassment by a debt collector associated with Phoenix Financial Services, it is perfectly understandable if you are feeling stressed, frustrated and anxious about the future. ![]() Summary: Is Phoenix Financial Services suing you for a debt? SoloSuit can help you know your rights, take a stand, and win in court. ![]()
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