BHK Financial LLC is a debt collection agency, which receives a lot of consumer complaints to our law firm for debt harassment. Find out who they are, why they might be calling, and how you can stop them.
What is BHK Financial?
BHK Financial, LLC (BHK) is a third-party collection agency based in Arizona. BHK has received consumer complaints alleging violations of the Fair Debt Collections Practices Act (FDCPA), including usingfalse or misleading information in an effort to collect a debt and misrepresenting the legal status or amount of a debt. If this debt collector has contacted you about past due collection items, make sure you know your rights before responding.
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Is BHK Financial a scam?
They’re legit. According to the Better Business Bureau (BBB), BHK Financial, LLC is a legitimate collection agency, originally incorporated in 2001, then started locally in 2015. The B established a profile page for BHK in 2018. BHD is listed as a collection agency, judgement recovery agency, collection system, credit reporting agency, and skip tracing agency. BHK uses the alternate business name, Blackstad, Hrabe, Kirkorsky, LLC and was formerly known as Innovative Debt Recovery, Inc. (IDR). Buzzfile estimates BHK’s annual revenue at $758,000 and the size of its headquarters staff at7 employees.
According to its website, BHK was founded “with the mission of providing collection services that exceed… client expectations and raise the bar for industry standards.” BHK’s core mission is to provide “exceptional collection services that exceed the expectations of…clients and assist… consumers by providing convenient repayment options.”
BHK’s third-party collections division “works with a variety of industries to collect past due accounts on a contingency basis…by making meaningful attempts to collect accounts and recover unpaid monies.” BHK employs a “staff of highly skilled experts… trained in effective communication and compliance in the accounts receivable industry.” Their collection staff employs a four-step collection process that includes account evaluation and analysis; custom account servicing; an electronic on-boarding procedure; and active recovery efforts by a dedicated team of specialists.
Who does BHK Financial collect for?
As a full-service agency, BHK Financial also offers legal collections; judgment recovery; forwarded out-of-state account services; educational seminars; online client account monitoring; skip tracing; credit reporting; and commercial collections. The BHK website does not specify the industries in which it is active, except to say that it accepts accounts “from large commercial accounts to small business past-due receivables.”
BHK employs “an in-house compliance manager to stay ahead of evolving compliance requirements and routinely perform internal audits to ensure security and procedural best practices are being met.” Their website states that they “take compliance very seriously”; however, they also refer to regulatory laws as “burdensome regulations.” In addition, they do not provide an easily accessible page with consumer protection resources, laws, or enforcement agencies.
Who are we? We are Lemberg Law, a Consumer Law Firm
Lemberg Law is a consumer law firm helping victims of collection harassment and abuse. We are ranked A+ by the BBB. We’ve helped more than 15,000 consumers stop harassment and recover money from debt collectors. Harassed? Abused? Misled by a collector? Call our Helpline today! There is no charge unless we win.
How many complaints are there against BHK Financial?
The BBB has not received any complaints against BHK; however, they have received 1 negative review. Since May 2017, the Consumer Financial Protection Bureau (CFPB) has closed 1 complaint against BHK. Justia does not list any cases of civil litigation involving BHK.
It is illegal for a debt collector to make empty threats to sue you or garnish your wages. It is also unlikely BHK would sue you for a debt you may not owe or they cannot validate. However, debt collection agencies are known to have summoned debtors to court and garnish wages after a default judgement. Contacting an attorney BEFORE this could possibly happen would be a smart move. We’ve helped thousands of consumers fight back against unscrupulous debt collection harassers. Find out if we can help you too today!
Unlawful Debt Harassment? Learn the Law & Sue the Collector.
Can you help me file a No Fee Lawsuit against BHK Financial?
Absolutely. Here are some Sample Complaints
In May 2017, a complainant indicated a representative of BHK, which was operating as IDR at the time, had contacted him in an attempt to collect “over $1,000” for a debt BHK claimed he owed to a credit union in Arizona. Allegedly, the credit union “attempted to say he owed them money almost a year previously, after he had reported his card missing/stolen just 2 days after opening the account,…and having never even used the card.” The complainant had requested that the credit union review its security camera footage to verify his claim that his card had been stolen and used without his authorization. He stated that the credit union “never provided any footage and kept giving…excuses…about why they were denying” his requests. He also stated that BHK said they had “bought the debt, …which the complainant claimed was a bogus debt to start” with. He requested the CFPB’s assistance “to get them to not try and ruin his credit and to stop harassing” him. The CFPB indicated that BHK had closed the account with an explanation to the complainant. BHK did not provide a public response to the complaint.
In April 2018, a complainant indicated BHK had been trying to collect a debt he had already paid. He stated that the amount BHK was requesting “exceeded what could have been collected at the time.” He requested that BHK “verify validity of the debt….and that they are dragging their feet.” He alleged that BHK is quick to collect, but slow to address their mistakes. He said their collection calls had stopped, but only because he had blocked their number. He also stated that the “debt was bogus since it had been … assigned,” and that his “own employer had assigned the debt.” He alleged that BHK was “interfering with his job/work performance by calling” him.
BHK Financial Calling You?
Federal laws protect you. The Fair Debt Collections Practices Act (FDCPA) regulates the behavior of collection agencies by prohibiting actions such as the use of abusive or threatening language; harassment; or the use of false or misleading information to collect a debt. The FCRA regulates how collection agencies and creditors report delinquent debts to credit reporting agencies. Additional consumer protection laws include the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA).
Can I sue BHK for harassment?
Yes. If you want to enforce your rights, or recover money for violations — you need to sue. Federal laws provide individuals like you with a means to seek monetary damages in court. For example, the FDCPA allows consumers who have been violated to recover damages of up to $1,000, plus attorney fees and court costs.
“After a few months of frustration with a debt collector, I eventually called Lemberg Law. It was among the best financial decisions I have ever made. Jody and her staff were comprehensive, useful, and above all else powerful. I highly recommend their services and thank them for their continual efforts.”
“When my husband got sick and lost his job, I understood that paying all of the medical bills was going to be an issue. What I didn’t understand was that we’d be bombed with telephone calls day and night. I found your site and was contacted the same day that I submitted my advice. You did not charge me, you got cash from the collector, and we finally have silent phones. Thank you for what you did for us!”
“We were so impressed with how the attorney listened to us and understood the position we were in. Thank you for stopping the calls. The check was a nice bonus, but mostly we’re glad we’re not being hounded anymore.”
“Thank you for standing with me Lemberg Law. I was so afraid I could lose my job because of a caller who called my job number 4 hours straight back to back. He not only harassed and threatened me but also abused workmates who received the call when I wasn’t around. Since I solicited for your services, I’ve had a peace of mind, and I’m happy because of the few dollars I got as a settlement.”
Can You Help Me Delete BHK Financial from My Credit Report?
We can absolutely help. Call us today.
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About the Author:
Sergei Lemberg is a lawyer whose practice focuses on consumer law, class actions and personal injury litigation. He has been repeatedly recognized as the “most active consumer attorney” in the country. In 2020, Mr. Lemberg represented Noah Duguid in the United States Supreme Court in the case entitled Duguid v. Facebook. He is the author of Defanging Debt Collectors, a book that teaches consumers how to battle debt collectors and win.