Who is Meridian Financial Services?
Meridian Financial Services, Inc. is a debt collection agency based in Asheville, North Carolina. They specialize in helping businesses recover unpaid debts.
If Meridian Financial Services appears on your credit report, it typically means you have a debt that’s been transferred to them for collection.
Who does Meridian Financial Services collect for?
Meridian Financial Services operates in a specific niche, collecting debts for homeowner associations, hotel developers, property management companies, and timeshare businesses.
Is Meridian Financial Services legit or a scam?
Meridian 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 Meridian 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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Meridian Financial Services, Inc. Contact Information
Address:
Meridian Financial Services, Inc.
1636 Hendersonville Rd Ste 135
Asheville, NC 28803
Phone number: (828) 670-7557
Should I contact or pay Meridian Financial Services?
Before contacting a debt collector, 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 Credit reports can contain errors or list debts that are no longer valid.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 Meridian Financial Services is to work with a credit repair professional. They help remove millions of negative items every year from companies like Meridian Financial Services on behalf of their clients.
Will Meridian Financial Services sue me or garnish my wages?
Meridian Financial Services, like any other debt collection agency, has the legal capacity to sue you in court if you have a significant unpaid debt and other collection attempts have been unsuccessful. If they win a lawsuit and receive a judgment against you, they could potentially garnish your wages or levy your bank account, subject to your state’s specific laws.
However, these measures are often considered last resorts, and agencies like Meridian Financial Services would typically attempt other methods of recovering the debt first. This could include negotiation, setting up a payment plan, or offering to settle the debt for less than the full amount owed.
Meridian Financial Services, Inc. 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 Meridian Financial Services, Inc.
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 Meridian Financial Services 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.
- Meridian Financial Services cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Meridian Financial Services 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.
- Meridian Financial Services cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Meridian Financial Services From Your Credit Report Today!
Credit Saint offers assistance with disputing Meridian 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.
