Commonwealth Financial Systems is a debt collection firm which appears to have received a large amount of complaints alleging violations of the Fair Debt Collection Practices Act. Find out who they are, why they might be calling, and how you can stop them.
Commonwealth Financial Systems is a debt collection business based in Dickson City, Pennsylvania. It appears as though there are a variety of different complaints against Commonwealth Financial Systems alleging violations of the Fair Debt Collection Practices Act (FDCPA) such as harassing and threatening consumers, charging consumers with invalidated debt, and failing to effectively communicate with consumers. If you have been contacted by this debt collector, make sure you understand your rights before taking action.
The harassing company pays our fees.
They’re legit. Commonwealth Financial Systems has been in the collections business for an impressive 19 years. On top of this lengthy experience, Commonwealth Financial Systems has also received an “B” rating from the Better Business Bureau. While the company has not received accreditation from the BBB, the company’s extensive years of experience and the average rating from the BBB award consumers with the knowledge that Commonwealth Financial Systems is not a scam.
Commonwealth Financial Systems was established on October 1st, 2001 and was incorporated on February 5th, 2001. Additionally, this collections company cites on their website that they hold awards from ACA International and the Greater Scranton Chamber of Commerce. Lastly, According to dnb.com the company has an employee base of 180, sales of $12.59 million and 3 companies within the Commonwealth Financial Systems family. The leadership of the collections company is headed by CEO John Cotula.
Remember that while it is important that you do not ignore the need to resolve your alleged debt with Commonwealth Financial Systems, as this could potentially harm your credit and ability to take out future loans, be wary of any suspicious activity where the company could potentially be violating the FDCPA. With that being said, remember that the debt which you may have been contacted about is real, and needs to be dealt with.
Commonwealth Financial Systems explains on their website that, “Our diversified client base includes Debt Purchasers, Financial, Retail, Commercial, Government and Medical Clients”. Therefore, Commonwealth Financial works within a number of different areas of collections, making it very important that as a consumer you confirm with the collections company about what debt is specifically owed and to whom. Inquiring as soon as possible is the smartest move to make, and if you feel as though this company has breached their FDCPA rights be sure to contact an attorney to help you file a lawsuit. Commonwealth Financial Systems also writes that, “Commonwealth Financial Systems is Northeastern PA’s leader in the field of accounts receivable management and financial services. Our dedicated, well-trained professional staff is committed to providing diversified outsourced solutions to maximize debt recovery for all our clients”.
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.
There are many reviews and complaints currently posted about Commonwealth Financial Systems across the internet. In fact on the BBB, Commonwealth Financial Systems received 497 complaints closed in the last 3 years and 145 complaints closed in the last 12 months, and 25 customer reviews amounting to a 1.16 review overall. Additionally, on Google Reviews the collections company has accumulated 191 reviews amounting to a 1.4 star review overall. Commonwealth Financial Systems has also received 111 reviews on WalletHub, which awarded the company 1.9 stars. These reviews mainly noted that Commonwealth Financial Systems was allegedly reporting debt that isn’t owed and reporting false informations to the CRAs. The collections company could have also been a part of more lawsuits, sanctions, and penalties. Take a look at the Public Access to Court Electronic Records (“PACER”) which reports all federal complaints within the U.S. federal system’s docket to find out.
Collections companies cannot make empty threats to sue you or garnish because it is illegal. For most cases, collections companies will likely choose not to sue if they cannot verify your debt or you may not owe said debt. Nevertheless, Commonwealth Financial Systems can still summon debtors to court and garnish wages after a default judgement. If you believe that Commonwealth Financial Systems may have violated the FDCPA, hire legal aid to resolve the discrepancy. It is wisest to contact an attorney preemptively to ensure the safety of your assets and rights. Lemberg Law has helped thousands of consumers fight back against these cases of fraudulent collection practices. Call us today to find out how we can help you resolve this issue.
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Unlawful Debt Harassment? Learn the Law & Sue the Collector.
Absolutely. You can sue a debt collector.
A complainant explains that this collection agency has reported that the complainant owes a company $946.000, which has been reported negatively to the credit bureau agencies. Additionally, the complainant claims that they have never been to this business, and could not possibly have acquired debt from this business. The debt which Commonwealth Financial Systems claims that the complainant owes relates to a medical fee, and the complainant has always had medical insurance which covers these specific fees. The complainant would like the collections agency to remove this account from their credit report. Lastly, the complainant never received any letter or calls from this agency nor any bills from the company where the alleged debt is owed.
The Fair Debt Collection Practices Act protects citizens like you against the abuses and misconduct of collection agencies. If you find that you have become a victim of illegal collections practices, read up on your FDCPA rights listed on the Federal Trade Commission’s website under, “Debt Collection FAQs”. Do not forget that you also have additional rights other than those listed under the FDCPA. These supplementary rights include those enumerated in the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA).
Yes you are able to sue Commonwealth Financial Systems. If you feel as though your FDCPA rights have been breached, suing is the best course of resolution. In order to recover your damages and protect yourself as an individual, you should sue and utilize the Federal laws that protect citizens like you from these fraudulent practices. Award yourself the power to defend your rights and protect your assets. Individuals like you can recover damages of up to $1,000, plus attorney fees and court costs.
You may have a case, if…
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“A happy ending to a bad situation with harassment from a debt collector. Everything stopped immediately. I am very thankful for the help from Lemberg Law.”
“Everyone was so helpful and the service was excellent. I am so grateful that I took a chance and clicked on that link that day. I highly recommend their firm.”
“The group at Lemberg Law was professional, courteous, and effective. Their grasp of consumer protection laws and guidelines are second to none, and they work extremely difficult to ensure this procedure is client-friendly.”
Yes, we would love to assist you with your case. Call us today.
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Sergei Lemberg is an attorney focusing on consumer law, class actions related to automotive issues, and personal injury litigation. With nearly two decades of experience, his areas of practice include Lemon Law (vehicle defects), Debt Collection Harassment, TCPA (illegal robocalls and texts), Fair Credit Reporting Act, Overtime claims, Personal Injury cases, and Class Actions. He has consistently been recognized as the nation's "most active consumer attorney." In 2020, Mr. Lemberg represented Noah Duguid before the United States Supreme Court in the landmark case Duguid v. Facebook. He is also the author of "Defanging Debt Collectors," a guide that empowers consumers to fight back against debt collectors and prevail, as well as "Lemon Law 101: The Laws That Lemon Dealers Don't Want You to Know."
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