Financial Asset Management Sytems, Inc.

About Financial Asset Management Systems, Inc.

Financial Asset Management Systems, Inc. (FAMS) was established in 1993 and is based in Tucker, Georgia. FAMS specializes in debt collection for clients in sectors like Education, Financial Services, Government, Healthcare, and Telecommunications/Media.

Want Your Collections Removed Today?

Contact us at (716) 355-0119 for a complimentary credit consultation. We have assisted numerous individuals in similar situations and have paralegals ready to take your call.

You can also reach us via email at info@cpgcomplete.com.

Additional BBB Reviews

Complaint Type: Billing/Collection Issues

Kristie (or Christie) called my home number (972-********) from Financial Asset Management Systems, Inc., asking me to verify my name and my birthday, which she claimed was July 1965. However, my birth year is not 1965. I refused to confirm any information without understanding why they were contacting me. She provided no details about the purpose of the call. This is the second time I’ve received a call from this company, and I want to know the legitimacy of this contact and to stop these calls. Many consumers seem to have similar issues, and I hope they cannot post false information on my credit report.

Complaint Type: Billing/Collection Issues

I don’t recognize this debt, which appeared on my credit report in November 2020 by ***** Financial Services LLC. I disputed it with all three credit bureaus and want it removed from my credit report.

Complaint Type: Billing/Collection Issues

This company bought a debt from another company. I asked them to validate the debt, but they failed to provide evidence. They claimed I owed $1,667, but the original debt was with *****. I’d like this debt removed from my credit report and for them to cease all communication.

Can Financial Asset Management Systems, Inc. Collections Be Removed From My Credit Report?

Depending on the circumstances, it may be possible to have collections removed or settled. It’s advisable to review your account with Financial Asset Management Systems, Inc. to determine the best course of action. Contact us today for assistance.

Should I Contact or Pay Financial Asset Management Systems, Inc.?

Communicating with a collection agency can have negative consequences. Making payments on the collection resets the timeline for the debt, potentially complicating your situation. However, there are instances when paying is advisable, especially for new debts you believe to be legitimate.

The most effective way to handle debt collectors is by partnering with a professional credit repair service, which has successfully removed millions of negative items from companies like Financial Asset Management Systems, Inc. for clients nationwide.

Will Financial Asset Management Systems, Inc. Sue Me or Garnish My Wages?

The likelihood of this is low, but it’s important to enlist the help of Consumer Protection Group to alleviate this concern. They will guide your dispute and may help improve your credit report, preventing future complications.

To enhance your credit score, reach out to us so we can intervene and prevent lawsuits against you. We will also work to clean up your credit report for effective financial management.

What is Wage Garnishment?

Wage garnishment is a court-sanctioned method of collecting money from an employer by deducting from an employee’s paycheck. The consequences of this practice vary by state, and it may be prohibited in certain jurisdictions.

Furthermore, any claims of foreclosure or property auctioning by Financial Asset Management Systems, Inc. are illegal. These threats are unauthorized regarding your obligation to settle debts.

Financial Asset Management Systems, Inc. Complaints

If a collector is harassing you, consider filing a complaint. You can receive support from the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB), which both condemn harassment during collections. Inaccurate information can also serve as grounds for complaints against collection agencies. Filing complaints helps protect you from intimidation tactics.

The Fair Credit Reporting Act (FCRA) offers consumer protection against false accusations and harassment. Financial Asset Management Systems, Inc. understands this law, so it’s essential to involve a reputable service to challenge collectors.

How Collections Affect Your Credit

Your credit score can be harmed through various means, whether intentionally or not. Regular payment failures can lead to collections, and exceeding credit limits results in higher interest rates. Late payments negatively affect credit history and lead to collection actions.

Collection agencies work together, so any flags raised during transactions may damage your credit score. Without proper disputes or defenses, renewing credit becomes challenging.

Your Rights When Dealing with Financial Asset Management Systems, Inc.

The U.S. government has implemented strict regulations that limit collectors’ actions in debt settlements. The Fair Credit Reporting Act protects you from mistreatment by collectors, ensuring a fair process. Key consumer rights under the FCRA include:

• Your personal data is protected, including credit card details, mortgage loans, and billing information.
• Financial Asset Management Systems, Inc. cannot publicly label you as a debtor or harass you with constant communication.
• They must validate their authority to collect debt, ensuring no fraud occurs.
• Your credit report should not contain incorrect data attributed to Financial Asset Management Systems, Inc.
• Collectors have 30 days to validate claims to your credit report and must inform you if payment is your responsibility.
• You are protected from false arrest unless legal proceedings occur.

More Tips on Dealing with Financial Asset Management Systems, Inc.

Avoid direct communication, as collectors may attempt to trap you. Keep discussions in writing to prevent them from profiling you.

If they persist, request written communication and ignore further calls once you’ve provided legal information.

Document all communication. In over 35 states, recording calls for self-protection is allowed. Some states may require consent from the other party to record.

Don’t act guilty. Hiding assets from legitimate collectors is fraudulent. Avoid sharing personal financial information.

Don’t accept their story at face value, and don’t provide false information about your background, as this can backfire during harassment.

Do not be intimidated into making decisions. While they may threaten legal action, this is often a scare tactic.

Remember their promises; offers of apologies or compensation may be tactics to silence you.

Avoid accepting gifts or incentives as they may imply guilt or a desire to silence your complaints.

What is Financial Asset Management Systems, Inc.?

Financial Asset Management Systems, Inc. is a company that specializes in debt collection. Many complaints allege violations of the Fair Debt Collection Practices Act (FDCPA). Understanding your rights is crucial before engaging with them.

Is Financial Asset Management Systems, Inc. a Scam?

They are a legitimate company involved in debt collection. However, complaints suggest they may have violated FDCPA guidelines while assisting clients.

Who Does Financial Asset Management Systems, Inc. Collect For?

They collect for various clients, including credit card companies and student loans. If they contact you, it’s likely regarding an alleged student loan debt. For assistance, contact us.

How Many Complaints Against Financial Asset Management Systems, Inc.?

Numerous complaints exist online about Financial Asset Management Systems, Inc. Their Better Business Bureau page shows many grievances and a poor review rating, primarily for alleged FDCPA violations.

Can Financial Asset Management Systems, Inc. Sue Me or Garnish My Wages?

It’s illegal for them to make empty threats to sue you or garnish wages. These tactics are often prohibited. Contact us promptly to safeguard your assets.

Can You Help Me File a No Fee Lawsuit Against Financial Asset Management Systems, Inc.?

Yes, while suing a debt collector is possible, resolving the issue before legal action is often preferable for a less stressful outcome.

Financial Asset Management Systems, Inc. Calling You?

Familiarize yourself with the FCRA to understand your consumer rights and the limitations placed on collectors regarding your assets. Explore additional consumer rights sources like the Telephone Consumer Protection Act (TCPA).

Can I Sue Financial Asset Management Systems, Inc. for Harassment?

You can sue for violations of your consumer rights under the FCRA. Compensation can reach up to $1,000 for individuals suffering from fraudulent collection practices, as federal law protects you.

Want to Stop Financial Asset Management Systems, Inc. Debt Collection Harassment Now?

Grounds for lawsuits include:

• Calls at inappropriate times
• Disclosing personal matters to your family
• Demanding more than you owe
• Using offensive language
• Threatening violence or property damage
• Falsely accusing you of a crime

Take immediate action by contacting us for assistance with filing a lawsuit or disputing a collection item on your credit report.

Can Financial Asset Management Systems, Inc. Garnish My Wages?

They cannot garnish your wages without legal permission, and threats to do so may be baseless. Many companies utilize this tactic to create panic. Protect yourself and contact us today.