Who is Westlake Financial Services?
Westlake Financial Services is the largest privately-held finance company in the United States. They offer a wide variety of financial solutions to automobile dealers and consumers nationwide, making car ownership a reality for many individuals.
If you fail to make payments on your auto loan, Westlake Financial Services might appear on their credit report as a collections account.
How can I remove Westlake 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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Westlake Financial Services Contact Information
Address:
Westlake Financial Services
4751 Wilshire Blvd Ste 100
Los Angeles, CA 90010
Phone number: (888) 893-7937
Should I contact or pay Westlake Financial?
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 Credit reports can contain errors or list debts that are no longer valid.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 Westlake Financial is to work with a credit repair professional. They help remove millions of negative items every year from companies like Westlake Financial on behalf of their clients.
Will Westlake Financial sue me or garnish my wages?
Westlake Financial Services can resort to legal measures such as filing a lawsuit or garnishing wages if a debtor fails to repay their auto loan. If they win a lawsuit, they may obtain a judgment from the court which could potentially lead to wage garnishment or other means of recovery. The specific actions they will take can depend on a variety of factors, including the size of the debt, the debtor’s financial situation, and local regulations.
Westlake 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.
Your Rights When Dealing with Westlake Financial Services
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 Westlake 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.
- Westlake Financial cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Westlake 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.
- Westlake Financial cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Westlake Financial Services From Your Credit Report Today!
Credit Saint offers assistance with disputing Westlake 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.
