RGS Financial On Your Credit Report?

March 30, 2023

RGS Financial 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 RGS Financial from your report - without paying your debt (potentially)

Call (844) 656-0790

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Understanding RGS Financial

RGS Financial is an agency that specializes in the recovery of unpaid debts. They work with creditors who have been unsuccessful in collecting outstanding balances from their debtors. RGS Financial uses innovative strategies and techniques to recover debts like credit cards, medical bills, and student loans.

RGS Financial's Client Base

RGS Financial is engaged in the collection of unpaid debts from diverse sectors, such as healthcare, telecommunications, financial services, and utilities. Their clientele consist of a wide range of creditors, from major corporations to smaller businesses, who partner with RGS Financial to recover outstanding balances from their respective debtors.

The Truth About RGS Financial

Although RGS Financial is a legitimate debt collection agency, they have faced customer complaints regarding specific practices. Customers have commonly reported harassing behavior, trying to collect debts that are not owed, failure to furnish proof of debt, threatening legal action, and submitting false information to credit bureaus. 

Though RGS Financial operates within legal limits, it is bound to comply with all relevant rules and laws when pursuing debt recovery. Suppose you think that your rights might have been violated. In that case, you may file a complaint with the Consumer Financial Protection Bureau (CFPB) or seek legal advice to investigate further options.

Need Help With RGS Financial?

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

Call (844) 656-0790

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​​How Can I Remove RGS Financial From My Credit Report?

Removing RGS Financial from your credit report might appear problematic; nevertheless, certain measures can address the matter. Initially, it is vital to examine your credit report to verify the legitimacy of the debt. If it is valid, the next step is to connect with RGS Financial and negotiate a pay-for-delete deal. In this agreement, you offer to pay the owed sum in exchange for RGS Financial to remove negative credit report entries. Before any payments, make sure to obtain the agreement explicitly in writing.

In case you suspect that there might be an error on your credit report, you are entitled to dispute it with the credit bureaus. Ensure that you offer supporting evidence to strengthen your claim. It is also advisable to work with a reputable credit repair firm like Credit Glory, which can aid you in navigating the dispute procedure and resolve all errors accurately.

Why Does RGS Financial Keep Calling Me?

Receiving phone calls from RGS Financial usually implies that they are attempting to recover a debt placed under their collection. Nevertheless, debt collectors are legally bound to respect strict guidelines when contacting debtors. If you feel bombarded by the phone calls, you retain the right to politely request that RGS Financial stop calling you. Putting it in writing and sending it by certified mail to verify receipt is the most optimal approach. Furthermore, if you believe that RGS Financial transgresses your rights according to the Fair Debt Collection Practices Act (FDCPA), you may file a complaint with the Consumer Financial Protection Bureau (CFPB).

What Are the Most Common Errors on Credit Reports?

Credit report inaccuracies tend to inflict negative repercussions on your credit rating. Misinformation could range from incorrect personal information, accounts that are not yours, incorrect account balances, late payments that were in fact paid on time, collections or charge-offs that you did not make, and bankruptcies listed as more than a decade old. Regularly examining your credit report and contesting any misrepresentations discovered can safeguard your credit score and enhance your financial well-being.

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What Are the Benefits of Having a Great Credit Score?

An outstanding credit score unlocks various financial benefits for the bearer. A robust credit rating enhances your probability of approval for loans and credit cards conditionally offered with favorable interest rates and better terms. Moreover, it could lead to obtaining better insurance rates and rental agreements. Additionally, a great credit score could provide you with more job opportunities and negotiating strength when attempting to secure loans with lower interest rates. By prioritizing your credit score and taking measures to improve it, you can attain these benefits and progress your overall financial welfare.

What Are My Rights When Dealing With RGS Financial?

When dealing with a debt collector like RGS Financial, it's crucial to be aware of your rights as a consumer. The Fair Credit Reporting Act (FCRA) grants you the right to access and challenge errors on your credit report, request removal of outdated information, and dispute inaccuracies with credit reporting agencies. The FCRA also necessitates credit reporting agencies to maintain accurate and precise data, and infringement of your rights entitles you to sue these agencies. Moreover, the Fair Debt Collection Practices Act (FDCPA) specifies certain requirements that debt collectors like RGS Financial must comply with, including avoiding abusive or unreasonable language, avoiding deceptive information, and providing detailed information about the debt they are pursuing. If you believe RGS Financial or any other debt collector has violated your rights, you may report the matter to the CFPB.

Can RGS Financial Sue or Garnish My Wages?

If RGS Financial should win a lawsuit against you, they may obtain the authority to garnish your wages. However, wage garnishment regulations vary for each state, with most states limiting creditors from garnishing more than 25% of your disposable income. To safeguard yourself and protect against potential wage garnishment, it's crucial to familiarize yourself with the specific laws and regulations regarding wage garnishment in your state of residence. It may also be advisable to seek legal advice to help safeguard your financial well-being.

Need Help With RGS Financial?

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

Call (844) 656-0790

Tap to call

Remove RGS Financial From Your Credit Report, Today!

Being faced with an account in collections with RGS Financial could detrimentally influence your credit score and result in financial hurdles. To address this circumstance, initially scrutinize your credit report to verify that there are no errors. Assuming the debt is legitimate, consider negotiating a pay-for-delete agreement where you offer to settle the owed sum in exchange for RGS Financial removing the negative elements from your credit report. In case you believe that there is an error, submit a dispute with the credit bureaus and provide the relevant supporting documents. Furthermore, at Credit Glory, we could aid in eliminating the negative record related to RGS Financial. Get in touch with us for a free credit consultation and allow us to help you reestablish your financial welfare.