Halstead Financial Services (HFS) on Your Credit Report? Fight Back and Win

Did Halstead Financial Services recently appear on your credit report? We understand how alarming this can be. Enduring incessant badgering and harassment by a debt collector can feel increasingly stressful. 

If Halstead Financial Services has initiated contact with you we have advice and resources. This article will help you make informed decisions when it comes to facing debt collectors like Halstead.

What is Halstead Financial Services and What Do They Do?

Halstead Financial Services (HFS) is a third-party debt collection agency that specializes in purchasing owed debt from several creditors. Founded in 2008, HFS is based in Skokie, Illinois, and currently has one location on file. 

HFS, like most debt collection companies, buys debt at an incredibly low price. They incessantly pursue individuals who allegedly owe this debt, and in turn, make a significant profit. This is what’s commonly known as a “charge-off.” 

If you see HFS suddenly appear on your report, it’s because you may owe debt to one of their clients. However, when files get shuffled from one lender to another, there are often clerical errors and misinformation included. These misdirected reports are essential to winning a claim against companies like Halstead. 

Is Halstead Financial Services a Legitimate Company?

Yes, Halstead Financial Services is a real, legitimate, and fully-functioning business. They are not a scam, and consumers should take their communications seriously. In fact, HFS is a Better Business Bureau (BBB)-accredited business. Even though they are affiliated with the BBB, they’re largely unpopular with consumers nationwide. 

Many individuals assume that HFS is a scam due to their unprofessional communication tactics. Their repeated phone calls, long lags when you answer an unknown number, and inability to call them back make them appear as spam calls. 

Though it may be tempting to ignore their calls, messages, letters, or emails, it is not recommended. Effectively warding off misdirected collections requires action and rigid legal timelines. 

Company Information

Even though we strongly advise against communicating with HFS and their representatives on your own, it’s important to know their contact information. Having the company’s information for your records is essential to your case.

Here is the contact information for Halstead Financial Services:

• Address & Location: 8001 Lincoln Ave Ste 500 Skokie, IL 60077-3657
• Email Address: webcustomer@halstedfinancial.com
• Phone Number: (855) 472-6628
• Website: https://halstedfinancial.com/ 

What Does Halstead Financial Services Collect For?

Halstead Financial Services has not revealed a full list of their clientele. Moreover, they do not disclose what specifically they collect for. As such, it’s critical that you speak with an attorney to determine what you allegedly owe. Their clientbase may span multiple industries, so your research must be accurate. 

Common Complaints

There are hundreds of complaints and negative reviews filed against Halstead Financial Services and their practice.

With a measly 1.42 out of 5 stars on their BBB profile, HFS has received numerous complaints in the last 3 years. A majority of these complaints are centered around a lack of debt verification, rude service, and behavior bordering on harassment. 

Additionally, many consumers claim that HFS contacts them from multiple phone numbers, none of which are their official business number or one that can easily be researched online. While it is not illegal for debt collection agencies to utilize various phone numbers to reach consumers, it is frowned upon for it to be confusing or misleading as to who is calling. 

Notable Signs of Harassment

How do you know if you’re a victim of debt collection harassment? More than that, what behaviors should you look out for and possibly report? 

If you’re experiencing any number of these behaviors from an HFS representative you may be experiencing harassment from a debt collector: 

• The collector fails to identify themselves upon contacting you
• The collector delivers empty threats of an arrest, lawsuit, or additional legal action
• You’re being called multiple times a day, week, and at strange hours of the day (early morning and late evening)
• You’re receiving automated robocalls
• An HFS representative refuses to answer your questions or respond to a request for debt verification
• Collectors disclose sensitive debt information to your family, friends, or coworkers

This is far from a complete list of harmful and abusive behaviors. Consult with a professional for a full understanding of how debt collection harassment operates.

How This Can Impact Your Credit

When HFS or another debt collection company appears on your credit report, the results can often be devastating. Inevitably, this will impact your credit in several ways. This will lessen your score, impinging on your ability to secure loans, future lending, or other basic necessities such as housing. However, HFS is infamous for misreporting debt and making errors. Before succumbing to panic, learn your options.

Remove Halstead Financial Services From Your Report: Here’s How

Are you ready to liberate yourself from the shackles of Halstead Financial Services? It’s more than possible. Start taking these steps to remove HFS from your credit report for good.

Review Your Credit Report for Accuracy

Before you do anything else, be sure to review your personal credit report to ensure accuracy. You can request copies of your report from major credit bureaus. It is common for debt collection agencies to make errors, inconsistencies, discrepancies, or misreports. Your credit report holds vital information that will greatly benefit your case if you take the time to do your research. 

Hire an Attorney

Hiring an attorney is the number one way to maximize your chances of success against companies like HFS. Experienced debt collection attorneys understand the intricacies of debt collectors and their operations. Hire someone who can work to secure a desirable outcome in your case and take the stress off your plate. 

Consult With Us Today

Our reputable team is ready to take on the lofty feat of facing Halstead Financial Services. You deserve someone in your corner who understands the nuances of debt collection agencies. That’s what we’re here to do.

If you do not recognize debt from Halstead Financial Services, or acknowledge you have a delinquent account, we’re here for you. Request your free case review and one of our FCRA attorneys will review your case with you. Contact us to learn more today.