Commonwealth Financial Systems

If Commonwealth Financial Sytems sent you a letter, or you just discovered them on your credit report, you’re not alone. We’ve helped thousands of clients across the nation fight them, and we’re confident we can help you, too.

commonwealth financial systems

What is Commonwealth Financial Systems?

Commonwealth Financial Systems is a debt collection agency. They're probably on your credit report as a 'collections' account. This usually happens when you forget to pay a bill. If a collection is on your credit report, it's damaging your credit score (unless removed).

You may not have to pay your debts.

Paying your debts may not help your credit, either. In fact, paying may lower your credit score.

(Debt collectors hate us for sharing this information.)

We might be able to fix your credit and you might not have to pay a single dime. Call us now to learn more: (855) 938-3044

Is Commonwealth Financial Systems A Real Company, Or A Scam?

Commonwealth Financial Systems, Inc is a real, legitimate company. Originally founded in 2001 in Pennsylvania, currently headquartered in Dickson City, PA, they are a medium sized collection agency in the US. With roughly 70 employees, they generated over $25 million in revenue in 2019. Their mailing address is 245 Main St, Dickson City, PA 18519.

Commonwealth Financial Systems is commonly referred to as Commonwealth Financial and may appear on your credit report as "comnwlth fin", "commonwealth financial", "commonwealth finance", "cfsi", "cfsi collections", or "commonwealth collections".

Should I Negotiate A Settlement Or Pay Commonwealth Financial Systems?

Unfortunately, settling (in full or not) may not help your credit. Once a collection account is added to your credit report, your score will be damaged for seven years regardless of payment. Fortunately, you have options. Credit Glory has successfully disputed collections from Commonwealth Financial Systems and companies like them for thousands of clients nation-wide.

We can help you too.

Will Commonwealth Financial Systems Bring A Lawsuit Against Me, Sue Me, Or Garnish My Wages?

No, not always. But if they do it’s not a good thing and can be a very scary experience. If you work with a professional like Credit Glory to challenge their debt, ensuring accuracy, timeliness, and validity of their reporting, you may never have to deal with them ever again. Call to learn how we can help you avoid lawsuits and being sued altogether, while fixing your credit.

Commonwealth Financial Systems Complaints

This business currently sits with roughly 2,550 complaints filed with the Consumer Financial Protection Bureau (or CFPB) and over 518 with the Better Business Bureau. Many complaints are about inaccurate reporting and/or lack of response to debt verification requests.

A consumer from Florida wrote this complaint about them, “The hospital did not submit and verify that I had 100 % coverage of medical insurance. Common Wealth Financial has just reported a {$1800.00} debt on my credit report. I never received one single bill regarding this for years! I would of gladly of spoke to their insurance agents and ensured they billed my insurance.” Commonwealth Financial Systems, like most other collection agencies, aren’t interested in the reasons. All they care about is getting paid. This unfortunate consumer continues, “I even called my last employer and spoke to the HR to verify my insurance was ACTIVE. How am I penalized because of their billing department error? I paid a lot of money to be insured and do not deserve this debt that is clearly their fault. I never received 1 single bill or 1 single phone call from the company regarding this bill for 4 years. Only until it reached collection recently was I notified. This is completely wrong. I am a young adult with outstanding student loan debt.” Again, they don’t care! If you don’t understand the complex laws necessary to fight them, you’ll get ignored.

This means working with a professional like Credit Glory to challenge your negative accounts has a good chance to get them deleted, improving your score and allowing you to qualify for the home, car, and credit cards you need.

Can You Remove Commonwealth Financial Systems Collection Accounts?

Credit Glory specializes in disputing Commonwealth Financial Systems and companies like them, and has had success for thousands of clients nation-wide. We can help you, too!

Remove Commonwealth Financial Systems From Your Report, Today!

In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.

If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (855) 938-3044 or setup a consultation with them. They also happen to have incredible customer service.

Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.

Commonwealth Financial Systems Phone Number

1-800-848-2170

Start Fixing Your Credit, Today!

Don't let inaccurate items on your credit report hold you back. If you don't love us within your first 90-days, call to cancel (for a full refund). No hassle!