

If you have already paid the debt to Phoenix Financial Services, you may be worried that you don’t have any bargaining power. Here are the fundamental steps to take to remove Phoenix Financial Services from your credit report and get your credit score back on track. The only way to prevent extensive damage from Phoenix Financial Services to your credit report is to remove their entry as soon as you can.
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How to Remove Phoenix Financial Services from Your Credit Report Most debt collectors have complaints against them, but Phoenix Financial Services certainly has more than average. The majority of these complaints are in regard to harassment, failure to validate debts, and inaccurate reporting.

They currently have roughly 950 complaints filed with the Consumer Financial Protection Bureau (CFPB) and over 300 with the Better Business Bureau (BBB.) They may be listed on your credit report under a variety of names including ‘phxn finan’, ‘phoenix financial’, ‘phoenixfinancialsvcs’, or ‘phoenix pendrick.’ĭespite only being six years old, Phoenix Financial Services has had an extraordinary amount of complaints lodged against them.

They specialize in collecting debts from medical institutions, student loan providers, and government agencies. Originally founded in 2014, Phoenix Financial Services is a small debt collection agency out of Indianapolis, IN.
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If you are interested in removing Phoenix Financial Services from your credit report, check out our article below for a full how-to guide on how to clean up your report and boost your score. This means negotiating with the debt collector, which many people don’t know how to do. You may even be turned down for loans and credit cards because of it.Ĭollection accounts are a negative mark on your credit report, and it is important that you remove them as soon as you can. This is because collection accounts on your credit report can have a significant impact on your score for up to seven years. You probably have also had a drop in your credit score. Have you noticed a company called Phoenix Financial Services on your credit report? If you have, this has probably been accompanied by calls from them to collect on a debt.
