Financial Network Recovery is a debt collection agency 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.
Financial Network Recovery is a debt collector located in Simi Valley, CA. It appears as though there are a variety of different complaints against Financial Network Recovery alleging violations of the Fair Debt Collection Practices Act (FDCPA) including charging collectors with paid off debt. If you have been contacted by this debt collector, make sure you understand your rights before taking action.
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Is Financial Network Recovery a scam?
They’re legit. Financial Network Recovery is a real business, and the alleged debt you may owed should not be ignored. Because of the collection company’s 29 years of business, Financial Network Recovery can be awarded permissibility. Be conscientious about your debt and make sure to contact Financial Network Recovery with any concerns or questions you may have.
In addition to the company’s 29 years of experience, Financial Network Recovery has also received an “A+” rating from the Better Business Bureau, and has also been BBB accredited. Additionally, according to the BBB, the collections company is headed by Mr. Lawrence Borovay, President. Lastly, According to dnb.com, Financial Network Recovery has a total of 2 employees and sales of $306,104.
Financial Network Recovery leaves a message to consumers and clients on their collections website regarding the company’s experience and professionalism. This paragraph reads, “Financial Network Recovery is a full service collections corporation that is the standard by which all other distressed receivables solutions are measured. . . ” This collections company additionally lists a variety of affiliations including, “California Credit Union Collectors Council, ACA International, and California Association of Collectors.”
Who does Financial Network Recovery collect for?
Financial Network Recovery lists their services, including: “pre-legal recoveries, legal recoveries, judgment recoveries, and skiptracing”. However, this is the entirety of the information provided by this collections company regarding who the type of collections they specialize in. Therefore, without knowing the company’s specifically clientele and areas of expertise it is incredibly important that you verify your debt with Financial Network Recovery and discuss the account. Acquiring this information is important because due to the outsourcing of debt, one collection account can turn into many reporting on your credit file if the debt is not dealt with.
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. Lemberg Law received an A+ rating from 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 Financial Network Recovery?
Financial Network Recovery has received many complaints posted on the internet. First, on the BBB this collections company has received 2 complaints in the last 3 years and 1 complaint in the last 12 months. There are additionally 2 reviews posted on Google Reviews, awarding the collections company an astonishing 5 star review in total, as well as 1, 5 star review on Yelp. Due to the similarities in complaints, and the increasing volume of complaints, Financial Network Recovery’s reputation within the collections world has been hindered. More seriously, this collections company could have also been a part of a variety of lawsuits, sanctions, and penalties according to Public Access to Court Electronic Records (“PACER”), which reports all federal complaints within the U.S. federal system’s docket.
Mailing Address: PO Box 940730 Simi Valley, CA 93094-0730
Can Financial Network Recovery Sue Me or Garnish My Wages?
This collections company cannot make empty threats to sue you or garnish your wages because this action is illegal. However, Financial Network Recovery can choose to sue or garnish wages after a default judgement. Ultimately, a collections company would choose not to sue you for a debt that cannot be confirmed and verified, however, with proper evidence and backing it is possible that a debt collector can take action against you. Because of this possibility it is the wisest option to contact an attorney preemptively to ensure the safety of your assets and rights. Lemberg Law awards consumers the power to fight back against these fraudulent collection practices. Need Help? Call us today.
A complainant explains that this collections company was reporting on their credit. Additionally, the company claims that they paid off the alleged debt and were advised that this account would be removed from their credit report. However, the complainant claims that this account was never removed and it has been more than 30 days since this removal was promised. Also, the complainant claims that when calling and requesting a paid in full letter, they never received it.
Financial Network Recovery Calling You?
The Fair Debt Collection Practices Act outlines a person’s protections against the abuses and misconduct of collection agencies. If you find that a debt collector may have violated your FDCPA rights, it is important that you contact and attorney to resolve the matter and receive compensation. You can find your FDCPA rights listed on the Federal Trade Commission’s website under, “Debt Collection FAQs”. Remember that in addition to your rights under the FDCPA, you have supplementary rights to protect yourself from fraudulent practices under the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA).
Can I sue Financial Network Recovery for harassment?
Yes, and if you would like to defend your rights and recover your damages you should. Therefore, suing is the correct course of action if you have found that your FDCPA rights or TCPA rights have been violated. Federal laws protect citizens like you from these fraudulent practices. Moreover, you should choose to award yourself the ability to defend your rights and receive compensation by suing if you feel as though these rights have been violated. Individuals like you can recover damages of up to $1,000, plus attorney fees and court costs.
Want to Stop Financial Network Recovery Debt Collection Harassment Now?
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Can You Help Me Delete Financial Network Recovery from My Credit Report?
Absolutely, we would love to 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.