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 you can take to remove it 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 its entry as soon as you can.

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 the average. The majority of these complaints are concerning harassment, failure to validate debts and inaccurate reporting, all of which violate the Fair Credit Reporting Act (FCRA) and the Health Insurance Portability and Accountability Act (HIPAA). There are roughly 950 complaints filed with the Consumer Financial Protection Bureau (CFPB) and over 300 with the Better Business Bureau (BBB). It may show up on your credit report under various names, including:ĭespite only being six years old, Phoenix Financial Services has a significant number of complaints.

It specializes in collecting debts from things like medical bills, student loan debts and government obligations. Originally founded in 2014, Phoenix Financial Services is a small debt collection agency out of Indianapolis, Indiana.