RGS Financial on Your Credit Report? Fight Back and Win

Last Updated:
April 10, 2023

Constantly getting calls from RGS Financial? It's essential to know your rights and how to enforce them. We've put together this guide with all the information you need to handle their debt collection calls, protect your credit score and stand up for yourself if they have violated any consumer rights. Request a free case review today – we are here to help.

Is RGS Financial Inc a Legit Debt Collector or a Scam?

RGS Financial is a legit debt collector. They have been operating since 2005, but that doesn't guarantee they always operate within legal boundaries. In that time, they’ve faced many allegations of violating consumer rights, debt harassment, and aggressive collection tactics.

With that in mind, don't worry if you feel overwhelmed by the situation. Our attorneys are here to assist you in any way we can. We can dispute credit reporting errors, negotiate debt settlements, and hold debt collectors accountable for unlawful actions. Reach out to us today and find out how we can help.

How Can I Contact RGS Financial?

Suppose you get a call from RGS Financial claiming you owe money for a personal loan from four years ago. The only problem with the call is you’ve never had a personal loan and are confused about the whole situation.

In this case and similar, it makes sense to check your credit and contact RGS Financial as soon as possible to learn more about this alleged debt. 

With that said, if you need to contact RGS Financial (for any reason), there are several ways you can. They include: 

  • Email: info@rgsfinancial.com 
  • Phone Number:  1-866-941-8600
  • Website: www.RGSFinancial.com 
  • Mailing Address: PO Box 852039, Richardson, TX 75085

If you decide to contact this or any other debt collector, it’s essential to be mindful of what you say and keep notes of the conversation. Further, never agree to pay a debt that hasn’t been validated.

Who Does RGS Financial Collect For?

RGS Financial works with a variety of companies in many industries, including banking, loans, credit cards, utilities, healthcare, and more. Some of their notable clients include LendingClub, Smile Brands, and Cox Communications.

Why is RGS Financial Calling Me?

RGS Financial could be calling you for various reasons. Here are some of the most common reasons why debt collectors like RGS Financial may be calling you:

  • Unpaid debts

If you owe money to a lender, such as a credit card company, and you have not made payments for some time, they may pass your account onto RGS Financial to recover the debt.

  • Medical bills

If you have outstanding medical bills, hospitals, and healthcare providers may hire RGS Financial to collect payment from you.

  • Utility bills

Unpaid utility bills like electricity, gas, and water bills could also lead to RGS Financial contacting you.

  • Phone bills

If you have an outstanding balance on your phone bill, your service provider may pass your account to a third-party debt collector.

  • Traffic fines

Failure to pay traffic fines or parking tickets could also result in RGS Financial contacting you.

  • Tax debt

If you have unpaid taxes, the IRS may hire a debt collector to collect payment.

  • Unclaimed insurance funds

If you have unclaimed insurance funds or outstanding premiums, your insurance company may enlist a debt collector to recover the debt.

  • Library fees

Overdue books, late fees, or other fines owed to public libraries could result in a debt collector like RGS Financial getting in touch with you.

Regardless of the reason, it's important to take the call seriously and address the issue promptly to avoid further consequences.

Should I Ignore Calls From RGS Financial?

Ignoring calls from debt collectors like RGS Financial isn't the best approach. Doing so could result in legal action against you, such as wage garnishment or a lawsuit. Instead, it's best to answer the calls and work with RGS Financial to find a solution that works for both parties.

Is There A Way To Remove RGS Financial From My Credit Report?

If RGS Financial is reporting negative information to the credit bureaus, it's possible to remove it from your credit report. However, how long that takes depends on the circumstances of your particular situation.

That said, one option to quickly remove negative entries from your report is to dispute the debt with the credit bureaus and RGS Financial, requesting that they remove any credit reporting errors.

Otherwise, if the debt is legitimate, you’ll most likely have to wait for seven years after the date of your last payment for it to fall off your report.

What Should I Consider When Negotiating a Settlement With RGS Financial?

When negotiating a debt settlement with RGS Financial, there are several things to consider to ensure that you're getting the best possible deal. Some of the factors to keep in mind include:

  • Your budget

Determine how much you can realistically afford to pay toward the debt and use this as the basis for your negotiations.

  • The statute of limitations

Find out if the statute of limitations for the debt has expired in your state. If it has, you may have more negotiating power since RGS Financial may be less likely to pursue legal action.

  • The amount owed

Consider how much you owe and whether you can afford to pay it off in a lump sum or if you'll need to set up a payment plan.

  • The interest rate

If there is interest on the debt, consider negotiating a lower interest rate to make the payments more manageable.

  • Your credit score

Negotiating a pay-for-delete agreement with RGS Financial can help improve your credit score by removing the debt from your credit report.

  • The settlement offer

Review any settlement offers carefully, and don't be afraid to negotiate for a better deal.

  • The impact on your finances

Consider the long-term impact of settling the debt. Will you be able to comfortably afford the payments? Will settling the debt have any tax implications?

  • Legal representation

Consider hiring a lawyer or working with a reputable credit counseling agency to help you negotiate with RGS Financial and protect your rights.

By taking these factors into account, you can negotiate a debt settlement with RGS Financial that works for your budget and helps you achieve financial stability.

Contact Us For Your Free Case Review Today

Are those phone calls, mail, and texts from RGS Financial getting on your nerves? Whether you think they're being unfair or simply don't know where to begin to settle the debt, our team is here to help. Don't let RGS Financial stay on your credit report for any longer than necessary; get in touch with us today and find out how a qualified FCRA lawyer can assist you with your case.

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