Monterey 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 Monterey Financial Services?
Monterey Financial Services was founded in 1989, and its collection arm is Monterey Collection Services. They are also known as Monterey Billing Services and Monterey Loan Servicing. Based in Oceanside, California, Monterey Financial Services has a staff of more than 100 people, and has expanded into everything from document storage to jewelry industry loans. They have their fingers in many consumer loan pies, including vacation timeshares, elective medical procedures, and vocational school tuition.
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Is Monterey Financial Services a scam?
They’re legit. Monterey Financial Services is a legitimate debt collection agency that operates on a contingency basis, which means that they do not get paid unless they collect the debt. At that point, they earn a percentage of the collected amount. In order to collect, they mail out letters, make phone calls, and offer consumers an online payment portal.
If you’ve suffered from Monterey Financial debt harassment, you do have options. Under the law you can recover up to $1,000 for violations of the FDCPA, and $500 to $1,500 for each cell phone robocall.
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 Monterey Financial Services?
As of April 2017, the Better Business Bureau reported 64 closed Monterey Financial Servicescomplaints within the previous three years, including 26 closed Monterey Financial Services complaints within the previous 12 months. The BBB gives Monterey Financial Services an A+ rating. In addition, Justia lists 11 Monterey Financial Services complaints filed in federal court in the past year alleging violations of the Fair Debt Collection Practices Act, one alleging violations of the Fair Credit Reporting Act, and three alleging violations of the Telephone Consumer Protection Act. Furthermore, the Consumer Financial Protection Bureau (CFPB) lists 79 closed Monterey Financial Services complaints for 2016.
Can Monterey 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 Monterey Financial Services 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 Monterey Financial Services?
Sample Case Filed in Federal Court against Monterey Financial Services
In 2009, a judge in U.S. District Court, Western District of Pennsylvania, denied in part and granted in part Monterey Financial Services motion to dismiss Wideman vs. Monterey Financial Services for alleged violations of the Fair Debt Collection Practices Act. According to the judge’s decision, the consumer claimed that Monterey Financial Services sent her two emails that did not identify the communication as coming from a debt collector, that threatened to file a form with the IRS, and left a message with her coworker, all in violation of the FDCPA. The court ruled that the consumer had stated a claim regarding third-party communications and a claim regarding misleading or intimidating statements. The case was allowed to move forward.
Monterey 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.
Consumers have reported this agency harassing them from the following numbers:
Want to Stop Monterey Financial Services Debt Collection Harassment Now?
Your debt harassment checklist:
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 recieving calls at work from a debt collection agency
Debt collectors are calling your friends, neighbors, or coworkers
Collectors are threatening you with violence, a 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
“THANK YOU SO VERY VERY MUCH for everything you guys did for us…. This was our first time dealing with a situation like this and you guys made it so easy. Thank you!””
“I received my check today from Lemberg Law and am very excited. The wife and I might not take a vacation, but the extra money will sure help get some bills caught up. Thank you again for a great job!!! It is very much appreciated.”
“Thank you for all the work you have done on my behalf. I truly appreciate the blessing you have bestowed upon me. I didn’t realize I would be receiving any money from this wretched affair. I am taken aback by what you have accomplished on my behalf. This has turned out better than I could have hoped. I am appreciative of your services and feel blessed. Thank you!”
Can You Help Me Delete Monterey Financial Services from My Credit Report?
The short answer is yes. We can 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.