Who is Financial Corporation of America?
Financial Corporation of America (FCOA) is a debt collection agency based in Austin, Texas. It is involved in the business of recovering debts on behalf of various creditors.
If you are contacted by FCOA or see them listed on your credit report, it typically means you have an unpaid debt that they are attempting to recover.
Who does Financial Corporation of America collect for?
Financial Corporation of America primarily serves healthcare organizations, which indicates that they collect various types of medical debt. This might include unpaid hospital bills, physicians’ charges, or other healthcare-related expenses.
Is Financial Corporation of America legit or a scam?
Financial Corporation of America is a legitimate 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 Financial Corporation of America 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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Financial Corporation of America (FCOA) Contact Information
Address:
Financial Corporation of America
12515 Research Blvd Ste 100
Austin, TX 78759
Phone number: (512) 719-7500
Should I contact or pay Financial Corporation of America?
Before contacting a 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 Credit reports can contain errors or list debts that are no longer valid.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 Financial Corporation of America is to work with a credit repair professional. They help remove millions of negative items every year from companies like Financial Corporation of America on behalf of their clients.
Will Financial Corporation of America sue me or garnish my wages?
Debt collection agencies like Financial Corporation of America can, in some cases, sue a debtor for the unpaid debt. If the lawsuit is successful, they may be able to obtain a judgment against the debtor. With this judgment, they could potentially garnish your wages, bank account, or even put a lien on your property depending on the laws in your state.
However, it’s important to note that not every debt results in a lawsuit. Debt collectors prefer to resolve the debt without legal proceedings due to the cost and time involved.
Financial Corporation of America (FCOA) 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 Financial Corporation of America
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Financial Corporation of America 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.
- Financial Corporation of America cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Financial Corporation of America 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.
- Financial Corporation of America cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Financial Corporation of America From Your Credit Report Today!
Credit Saint offers assistance with disputing Financial Corporation of America 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.
