LCS Financial Services Collections Complaints? We Stop Calls

We help consumers who have complaints about collection harassment.

Updated on Author: Sergei Lemberg

Updated on Author: Sergei Lemberg

LCS Financial Services
LCS Financial Services 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 LCS Financial Services?

LCS Financial Services, Inc. (LCS) is a third-party collection agency based in Colorado that specializes in collecting delinquent student loans, home loans, and auto loans. LCS has received consumer complaints alleging violations of the Fair Debt Collection Practices Act (FDCPA), such as failing to provide written verification of debts and sharing information about debts with unauthorized third parties. If LCS has contacted you about past due collection items,make sure you know your rights before you take action.

Have questions? Call us now at 475-277-1600 for a Free Case Evaluation.

Our services are absolutely FREE to you.

The harassing company pays our fees.

Is LCS Financial Services a scam?

They’re legit. According to the Better Business Bureau (BBB), LCS Financial Services, Inc. wasfounded and incorporated in 2005. The BBB established a profile page for LCS in 2008, and LCS has been a BBB-accredited business since 2010.The BBB lists LCS as a collection agency. Buzzfile estimates LCS’s annual revenue at $7.6 million and the size of its headquarters staff at 48 employees.

According to its website, LCS Financial Services  “is a full-service collection agency with the expertise and scalability to manage high-volume debt portfolios.” LCS states that it is “trusted by top financial institutions…to drive recovery results with adaptable collection strategies, professionalism, and compliance.”

LCS is “able to recover on all types of early stage and charged-off receivables,” but they “specialize in the recovery of mortgage, auto, and student loans.” LCS’s mortgage recovery division utilizes “targeted loss mitigation solutions…to help financial institutions navigate the complexities of mortgage debt.” Their auto finance division offers “full-service outsourcing or stage-specific assistance…to provide… affordable, proactive solutions that increase revenue and maximize …recoveries.” LCS’s student loan division provides “recovery solutions …uniquely managed and supported by professionals who understand the collection nuances and challenges facing the education industry.”

LCS Financial Services also provides collection solutions “tailored for credit unions…with recovery solutions that are uniquely managed and supported by in-house credit union professionals.” They also offer a legal referral program that uses “investigative solutions to identify collectible borrower assets, …then prepares documentation and refers identified accounts to… their nationwide network of collection attorneys.” Finally, their bankruptcy division uses “a specialized recovery effort …to guard against risk and error while increasing control over critical recovery processes.”

LCS cites affiliation with several professional associations, including the International Association of Credit and Collection Professionals (ACA International) and the Receivables Management Association (RMA). LCS employs “corporate counsel to monitor… and maintain… standards of compliance with federal, state, and industry regulations that govern debt collection.” Collection staff undergo “extensive training on the FDCPA.” However, their Resources page does not provide any information or links to 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 LCS Financial Services?

As of October 2019, the BBB has closed 12 complaints against LCS Financial Services in the preceding 3 years, with 7 complaints closed in the previous 12 months. Most of those complaints alleged problems with billing and collections.As of July 2013, the Consumer Financial Protection Bureau (CFPB)has closed 30 complaints involving LCS. Justia lists at least 6 cases of civil litigation involving LCS.

Contact Information

LCS Financial Services, Inc.
6782 S. Potomac Street, Suite 100
Centennial, CO 80112
Telephone:(888) 485-8856


Can LCS Financial Services Sue Me or Garnish My Wages?

It is illegal for a debt collector to make empty threats to sue you or garnish your wages. It is also unlikely LCS 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!

Get Free BBB A+ Attorney. Call 475-277-1600 NOW

Unlawful Debt Harassment? Learn the Law & Sue the Collector.

Can you help me file a No Fee Lawsuit against LCS Financial Services?

Absolutely.  You can sue a debt collector. Here is a Sample Case Complaint:

Complaints against LCS Financial Services cite problems resulting from disputes about the validity of debts and the accuracy of billing and accounting procedures. In June 2016, a complainant stated that LCS had contacted him about “a debt that had passed its statute of limitations years ago.” According to the complainant, the debt no longer appeared on his credit report “and wasn’t there even when he had filed for personal bankruptcy” 8 years earlier.Allegedly, LCS called the complainant and told him that he “owed tens of thousands of dollars and… needed to make a payment.” The complainant stated that the LCS representative “then read him a disclosure at light speed.” Subsequently, when  the complainant stated that he didn’t understand what he had said, the LCS representative only responded that he was “sorry to hear that.” The complainant told the LCS representative that he currently had no income, was raising children, and had no property, so he was unable to make payments; and, regardless, he“didn’t understand the debt” LCS Financial Services was trying to collect. He also said he had received a collection letter stating that he owed a large sum of money for several outstanding loans, and that the LCS representative told him that  because he “had a phone, … the whole raising kids-no job excuse meant nothing to him.” The LCS representative allegedly“marked it down as a refusal to pay.” When the complainant “called back and talked to a supervisor, … he was told that all the legal talk at light speed basically said that LCS knew the debt expired, that they couldn’t take legal action, and that they couldn’t attach his credit report unless he made a payment.” As a result, the complainant accused LCS of  “trying to trick him into hurting himself” by misleading him about the legal status of the debt.

In January 2019, a complainant stated that LCS had contacted him about a $33,000 loan repayment. The complainant stated that the loan had not been repaid in over 10 years, and that now LCS Financial Services was calling to make an offer of settlement for $8,000. The complainant stated he had tried to contact LCS to discuss the settlement further. The LCS representative he spoke with allegedly identified himself as the director of the collections division and then refused to listen to any settlement offers from the complainant. The complainant stated he had made a counteroffer to settle the debt, but LCS was unwilling to cooperate. He also stated that when he told LCS he was recording the call, the representative became rude and non-responsive.

In both cases, LCS Financial Services denied the allegations made by the complainants and stated that they had acted in accordance with all collection laws and contractual requirements.

LCS Financial Services 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).

But here’s the rub: If you want to enforce your rights, or recover money for violations — you need to sue. These 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.

Want to Stop Debt Collection Harassment Now?

You may have a case, if…

  • You are receiving multiple calls per week from third party collection agencies.
  • You are receiving early morning or late night calls from debt collectors
  • You are receiving calls at work from a debt collection agency
  • Debt collectors are calling your family, friends, neighbors, or coworkers
  • Collectors are threatening you with violence, lawsuit, or arrest
  • A debt collector attempts to collect more than you owe
  • You are being threatened with negative credit reporting
  • A debt collector attempts to intimidate you
  • Criminal accusations are being made towards you
  • Use of obscene language during an attempt to collect
  • Automated robocalls are being made to your phone in an attempt to collect

What Our Clients are Saying

“I used to get up to 15 calls a week from several collection agencies. It got so bad I felt like I should just get a new phone number to make it quit. Happily, I discovered Lemberg Law. They immediately put an end to the calls. Now, when my phone rings I do not dread it.”

“I would recommend your company to anyone. You have the debt collectors off my back, and I will finally see the light at the end of the tunnel. Throughout the entire procedure your employees were courteous and professional. I was blown away by their efficacy also.

“Prior to contacting you, we had tried repeatedly to handle this matter without threatening litigation. In the end, not only were they unapologetic, but they were dismissive – even of an attorney friend who called on our behalf. Sincerest thanks for resolving this matter for us!”

Can You Help Me Delete LCS Financial Services from My Credit Report?

We can absolutely help. Call us today.

Share your story

Have you had a bad experience with this agency’s debt collectors? Sound off and share your experience with other visitors in the comment box below.

Sergei Lemberg

About the Author:

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."

See more posts from Sergei Lemberg
  • John S

    Got an automated message from Satellite Corp. Office (LCS) Message starts out A temporary hold on your delivery amid Covid-19
    Complaint in process of being filed in Alameda County. Contact no. Response will not be taken after 3pm. Immediate attention required. Failure to establish contact will result in proceeding taking place without said persons participation.
    I called and talked with a man. He talked about “tolling” As I understand it you need a signed waiver with whom you owe funds to. He said they will garnish my wages. As a high risk debtor some mention about someone or other purchasing the debt as though the bank funded my credit limit. Then I get a phone call from a friend of mine who said that a process server wanted info. My friend then blocked their number
    Anyway I haven’t had a credit card for over 10 years. Get by just fine on cash. As I understand it LCS has already violated FDCPA regulations.
    What more should I do?

Leave a Reply or Comment

Write a comment below to share online. Or, instead you can to our legal team.

Please select your star rating.

Briefly describe your experience Briefly describe your experience

What’s your name? What’s your name?

What’s your phone number? Please enter a valid phone number

Want to know if you could sue? Get a free legal evaluation from Lemberg Law?

Get Your No-Obligation
Case Evaluation

Send a secure message to our legal team.

What’s your name? What’s your name?
What’s your email address? What’s your email address?
What’s your phone number? What’s your phone number?
Briefly describe the problem Briefly describe the problem
Confidentiality Guarantee: We keep your information completely confidential and will not send you spam or sell your information.
By submitting above, I agree to the privacy policy and terms and consent to be contacted by an agent via phone call or text message at the phone number(s) listed above, including wireless number(s).