Who is CKS Financial?
CKS Financial, LLC, also known as Webcollex, is a debt collection agency based in Chesapeake, Virginia. Their primary operation involves acquiring and collecting on delinquent accounts.
If you have unpaid debts, you may find CKS Financial appearing on your credit report as a collections account.
Who does CKS Financial collect for?
CKS Financial serves a diverse range of clients. As a debt buyer, they primarily purchase delinquent debt portfolios from sellers or brokers. They also provide comprehensive collection services to a variety of entities, including government bodies, merchants, service providers, and a range of other organizations.
Is CKS Financial legit or a scam?
CKS Financial is a legitimate debt collection company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove CKS Financial 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.
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CKS Financial Contact Information
Address:
CKS Financial
505 Independence Pkwy
Chesapeake, VA 23320
Mailing address:
CKS Financial
P.O. Box 2856
Chesapeake, VA 23327-2856
Phone number: (800) 984-3711 or (757) 271-2746
Should I contact or pay CKS Financial?
It’s best to avoid speaking to a third-party collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it.
The most effective way to deal with CKS Financial is to work with a credit repair professional. They help remove millions of negative items every year from companies like CKS Financial on behalf of their clients.
Will CKS Financial sue me or garnish my wages?
If you owe a debt that CKS Financial, LLC is handling and you’re unable to or refuse to pay, it is possible that they could sue you to collect the debt. If they win a judgment against you in court, they could potentially have the right to garnish your wages or levy your bank account, depending on the applicable laws in your state or jurisdiction.
However, it’s also worth noting that wage garnishment and lawsuits are typically a last resort for debt collectors. Before it gets to this point, you’ll likely have several opportunities to negotiate or arrange a payment plan.
CKS Financial 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.
Your Rights When Dealing with CKS Financial
Debt collectors must follow state and federal laws. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that third-party collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for CKS Financial to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- CKS Financial cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- CKS Financial must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- CKS Financial cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove CKS Financial From Your Credit Report Today!
Credit Saint offers assistance with disputing CKS 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.
