Who is LTD Financial Services?
LTD Financial Services, LP is a debt collection agency located in Houston, Texas. They collect unpaid debts on behalf of various businesses.
If LTD Financial Services appears on your credit report as a collections account, it typically means that they have acquired or been assigned a debt you allegedly owe. This scenario usually arises when an individual defaults on a bill payment or loan repayment.
Who does LTD Financial Services collect for?
LTD Financial Services has a wide-ranging clientele, primarily in the financial sector. They work with major financial institutions, such as Chase Bank, Citibank, and Discover Bank, to manage and collect overdue debts from credit cards, loans, or other financial products.
Additionally, LTD Financial Services handles defaulted private student loans. In this capacity, they work with companies like United Guaranty Corporation, among others, to collect on delinquent or defaulted student loans.
Is LTD Financial Services legit or a scam?
LTD Financial Services 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 LTD 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.
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LTD Financial Services, LP Contact Information
Address:
LTD Financial Services
7322 Southwest Fwy Ste 1600
Houston, TX 77074
Phone number: (800) 741-2100
Should I contact or pay LTD Financial Services, LP?
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 Credit reports can contain errors or list debts that are no longer valid.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 LTD Financial Services is to work with a credit repair professional. They help remove millions of negative items every year from companies like LTD Financial Services on behalf of their clients.
Will LTD Financial Services, LP sue me or garnish my wages?
LTD Financial Services, LP does have the ability to sue for unpaid debts. If they choose to go this route and the court rules in their favor, they could potentially garnish your wages or levy your bank account, depending on your state’s laws.
However, taking legal action is typically a last resort for debt collection agencies. Before it reaches this point, you would usually be given multiple opportunities to arrange a payment plan or negotiate a settlement.
LTD Financial Services, LP 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 LTD Financial Services From Your Credit Report Today!
Credit Saint offers assistance with disputing LTD Financial Services 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.
