FBCS On Your Credit Report?

Updated:
March 10, 2023

FBCS is a debt collection company

You may not have to pay your debt (paying it may hurt your score)

Call now to find out if you can remove FBCS from your report - without paying your debt (potentially)

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Who is FBCS?

When it comes to dealing with debt collectors, you should always be aware of whom you're up against. FBCS, or Financial Business and Consumer Solutions, is a third-party debt collection agency that has specialized in collecting unpaid debts since 1982. Their headquarters are based in Pennsylvania.

FBCS has a long history in the debt collection industry but still garners consumer complaints here and there. Despite this, FBCS maintains an accredited rating with the Better Business Bureau and has successfully solved many of these disputes. Being informed about the past and credentials of FBCS can help you take action confidently when engaging with them.

Who Does FBCS Collect for?

FBCS collects debt for a variety of clients such as:

  • Banks
  • Credit unions and other financial institutions
  • Healthcare providers
  • Utility companies
  • Telecommunications companies

The kind of debt that FBCS may collect on can include typical items like credit card debt, medical bills, and utility payments. These debts may have been charged off by the original creditor, making them much more willing to negotiate with consumers.

The process of acquiring these debts is called debt buying and it involves FBCS purchasing the rights to collect on an unpaid debt from the original creditor. This purchase can be made at significantly lower costs than the face value of the debt, offering potential flexibility in payment arrangements with consumers.

Is FBCS A Scam?

It's crucial to point out that FBCS is a legitimate debt collection agency, not a scam. To differentiate between real and fraud debt collectors, look out for common tactics used by scammers such as the threat of arrest, vague requests for payment with no verification of indebtedness, and refusal to provide written documentation. Legitimate debt collectors will share written validation of the debt and will never adopt abusive language or threaten legal action that isn't within their power.

Although FBCS has endured some criticisms and lawsuits against them in the past, they adhere to federal laws and regulations governing debt collection including the Fair Debt Collection Practices Act.

Need Help With FBCS?

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How Can I Get FBCS Removed From My Credit Report?

If you want to take FBCS off your credit report, disputing the erroneous details is the best place to start. The process involves ordering a copy of your credit report, recognizing the inaccurate information on it and sending in a dispute letter to the credit bureau. Credit Glory can offer assistance with this step to make sure that your dispute letter is correctly crafted and contains all necessary details.

When crafting your dispute letter, making use of a template will guarantee that all needed information is included. Describe specifically what false information appears on your credit review, and provide any documents that back up your case. Then, once the credit bureau has received your dispute letter, they will have 30 days to look into the issue and respond accordingly. Depending on the outcome of their investigation, they may choose to get rid of the inaccurate material from your credit history, update it with genuine details or announce that more time is required for further analysis.

Why Is FBCS Calling Me Over and Over?

When a debt collector, such as FBCS, communicates with you, they have to follow particular laws and regulations. These regulations include calling at appropriate times only, not contacting you at work if requested not to do so, and never harassing or intimidating you.

If you want FBCS to stop calling you, delivering a letter requesting that they communicate with you in writing solely or completely ceasing contact can be of assistance. It is important to document all interactions with FBCS including the dates and times of telephone conversations, who your conversation was with and what was conversed about. If it turns out that FBCS infringes on the Fair Debt Collection Practices Act, then damages may be warranted for you plus consequences may be incurred by them.

What Are the Most Common Errors on Credit Reports?

It is typical to find mistakes on your credit report that could potentially be harming your score. Common examples of such errors include:

  • Incorrect personal data
  • Accounts that are not yours
  • Duplicate accounts
  • False account balances
  • Old debt

It is essential to routinely review your credit report in order to avoid any errors that could be bringing down your score. Errors can lead to a lower credit score, difficulty obtaining credit, and even higher interest rates. You have the right to dispute these inaccuracies with the relevant credit bureaus. Credit Glory specializes in finding and disputing errors on credit reports. We can ensure that your report is accurate and reflects the credit score you deserve.

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What Are the Most Common Complaints About FBCS?

It is important to dispute any errors you find on your credit report by writing a dispute letter complete with supporting evidence. Once received, the credit bureaus must investigate and make necessary corrections within 30 days if the error is valid. By doing so, you can improve your credit score and increase your chances of being approved for credit.

Dealing with creditors can be a disheartening experience, especially when they are engaging in harassing behavior or reporting inaccurate information that could damage your financial wellbeing. In cases like this, it's essential to know your rights and take action accordingly. 

The Consumer Financial Protection Bureau has documented numerous complaints against debt collection agencies such as improper debt collection practices, failure to verify debts owed, or incorrect credit reporting. If you find yourself in a similar scenario, filing a complaint to the CFPB may be an effective way to protect yourself and uphold good credit standing. Additionally, seeking legal assistance may help resolve the issue more efficiently and effectively.

What Are My Rights When Dealing With FBCS?

As a consumer, you have the right to protection under federal laws such as the Fair Debt Collection Practices Act and the Fair Credit Reporting Act when dealing with debt collectors like FBCS. These rights include protection against harassment, false or misleading statements, and inaccurate credit reporting. You can exercise your rights by requesting validation of the debt, disputing inaccuracies on your credit report, and communicating in writing with FBCS. Additionally, you have the right to request that FBCS stop contacting you directly or communicate solely through a lawyer.

If FBCS violates any of these rights, there can be consequences such as fines or legal action. It is important to keep documentation of these violations and seek legal assistance if necessary. Credit Glory provides support for both debt validation and credit report disputes.

Can FBCS Garnish My Wages or Sue Me?

Debt collectors are more likely to take legal action, such as filing a lawsuit against you, if they have been unable to collect on the debt. This legal action may include wage garnishment or other court-ordered measures to recover the money owed. If a lawsuit is initiated against you, it is important to act quickly and consider seeking experienced legal representation from someone who understands consumer rights and debt collection laws. In order to prevent a lawsuit and potential wage garnishment, you can try to negotiate a payment plan with FBCS.

Need Help With FBCS?

Speak with one of our friendly Credit Specialists to find out how we can help you.

Call (855) 633-3440

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Remove FBCS From Your Credit Report, Today!

Addressing FBCS on your credit report is critical, as it can affect your credit score and future financial opportunities. Fortunately, working with a credit repair company such as Credit Glory can provide you with expert help to save time and money.

Contacting Credit Glory will allow you to get an evaluation of your situation and help you restore positive credit standings. Through professional assistance and guidance, Credit Glory can help you dispute and potentially eliminate FBCS from your credit report, improving both your financial standing and credit score.