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.
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.
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:
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.
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.
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:
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.
If you have outstanding medical bills, hospitals, and healthcare providers may hire RGS Financial to collect payment from you.
Unpaid utility bills like electricity, gas, and water bills could also lead to RGS Financial contacting you.
If you have an outstanding balance on your phone bill, your service provider may pass your account to a third-party debt collector.
Failure to pay traffic fines or parking tickets could also result in RGS Financial contacting you.
If you have unpaid taxes, the IRS may hire a debt collector to collect payment.
If you have unclaimed insurance funds or outstanding premiums, your insurance company may enlist a debt collector to recover the debt.
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.
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.
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.
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:
Determine how much you can realistically afford to pay toward the debt and use this as the basis for your negotiations.
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.
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.
If there is interest on the debt, consider negotiating a lower interest rate to make the payments more manageable.
Negotiating a pay-for-delete agreement with RGS Financial can help improve your credit score by removing the debt from your credit report.
Review any settlement offers carefully, and don't be afraid to negotiate for a better deal.
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?
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.
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.