Square Two’s headquarters is located in Denver, CO. The BBB also lists an address in Centennial, CO. Their branch offices are located throughout the Midwest and the East Coast. The BBB indicates Square Two was founded locally in 1994, with BBB’s file opened two years later. Buzzfile lists Square Two’s founding date as 2005, with an annual revenue estimated at $2.1 million and a staff of 135. On March 19, 2017, Square Two Financial filed for Chapter 11 bankruptcy in the Southern District of New York. A notice is posted on their BBB profile.
Square Two is not a collection agency. They describe themselves as “a participant in the $100 billion asset recovery and management industry.” Once they have purchased consumer or commercial debt from lenders or retailers, their primary focus is to “help customers resolve their outstanding financial commitments fairly and respectfully” by placing them for collection with one of their “branch offices.”
Square Two’s website lists twelve branch offices: Brown Law; First Step Group; Mandarich Law; Cambece Law; Fresh View Solutions; Neuheisel Law; Enerson Law; Grossman Law; Overcash Law; Federated Law; Lowery Law; and Taylor Law. As of August 2017, the websites for Taylor Law, Neuheisel Law, Lowery Law, and Brown Law are not active. Fresh View Solutions has been Square Two Financial’s main collection agent, but according to the BBB, in June 2017 Fresh View also filed for Chapter 11 bankruptcy and as of August 2017 is officially out of business.
The harassing company pays our fees.
The Better Business Bureau lists only 4 complaints against Square Two in the past three years, with no complaints in the past 12 months. Because Square Two is a passive debt buyer that outsources collection activity, they do not receive many complaints directly from consumers. The BBB has given them an A+ rating. The BBB lists 9 complaints against Fresh View Solutions in the past three years, with 3 closed in the past 12 months. Most of these complaints allege violations of FDCPA provisions prohibiting harassment and abusive collection practices. Although Fresh View is out of business, the BBB complaint link for this company is still active. Justia lists at least 9 cases of civil litigation filed in federal court naming Square Two as a defendant.
Square Two Financial Corporation
PO Box 5980
Denver, CO 80217-5980
Telephone: 877-304-0146
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.
Square Two is a debt buyer, not a collection agency, so it is difficult to find cases about FDCPA or Fair Credit Reporting Act (FCRA) violations naming Square Two as a defendant. However, one case in particular is useful in illustrating the role this organization plays in the debt collection industry. In 2015, in United States District Court, Southern District of Indiana, Indianapolis Division, 4 plaintiffs jointly filed a civil suit against several credit-granting and other financial services firms including Square Two Financial. This case is very complex, but the central charge alleges deceptive collection practices. Essentially, the plaintiffs argue that major banks like HSBC offer credit through a variety of retailers. Customers who sign up for credit programs may not understand that they are signing a loan with a major financial firm. These firms often sell credit accounts—whether delinquent or not—to other financial organizations like Square Two. These transactions occur without the knowledge of the consumers; thus, when loan servicing or collection activity is transferred to a new financial services management company, the new company may hold the consumers accountable to legal agreements to which the consumers never directly agreed or assented. This wide-reaching case alleges violations of the FDCPA including attempting to collect a debt without a license; attempting to collect a debt not owned by the collection agency; common law fraud; and violations of the Racketeer Influence and Corrupt Organizations (RICO) Act.
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.
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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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