Is Chapman Financial Services Hurting Your Credit?

Who is Chapman Financial Services?

Chapman Financial Services (CFS) is a division of MST Financial Solutions, LLC, and operates as a debt collection agency. They are based in Coeur d’Alene, Idaho and have been in the business of collecting debts for various industries.

If you see Chapman Financial Services mentioned on your credit report as a collections account, it likely means that you have an outstanding debt that has not been paid.

Who does Chapman Financial Services collect for?

Chapman Financial Services provides collection services for a wide range of industries and clients. This includes companies operating within the communications sector, educational institutions, government agencies, healthcare providers, legal firms, property management businesses, rental companies, utility providers, and more.

Is Chapman Financial Services legit or a scam?

Chapman Financial Services is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s crucial to confirm any debts they allege you owe before proceeding with payments.

How can I remove Chapman Financial Services from my credit report?

Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.

If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.

Chapman Financial Services Contact Information

Address:

Chapman Financial Services
316 N. 4th St.
Coeur d’Alene, ID 83816

Mailing address:

Chapman Financial Services
P.O. Box 7100
Coeur d’Alene, ID 83816

Phone number: (208) 667-4671 or (800) 594-9866

Should I contact or pay Chapman Financial Services?

Before contacting a debt collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.

The most effective way to deal with Chapman Financial Services is to work with a credit repair professional. They help remove millions of negative items every year from companies like Chapman Financial Services on behalf of their clients.

Will Chapman Financial Services sue me or garnish my wages?

Chapman Financial Services (CFS) does have the legal authority to take further action to collect unpaid debts, which could include filing a lawsuit. If the agency successfully sues you and receives a court judgment in their favor, they might have the ability to garnish your wages, levy your bank account, or in some cases, place a lien on your property. The exact actions they can take largely depend on the laws in your specific state.

Chapman Financial Services Complaints

Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, consider filing a complaint.

You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.

Remove Chapman Financial Services From Your Credit Report Today!

Credit Saint offers assistance with disputing Chapman Financial Services collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.

If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.

Visit their website or call (855) 281-1510 for more details.