The primary service offered by Halsted Financial Services is the collection of overdue debts. This involves contacting individuals who owe money and arranging repayment plans or settlements. While settling a debt for less than the full amount can be beneficial, it may have tax implications and can still affect the debtor’s credit score.
What is Halsted Financial Services?
Halsted Financial Services is a debt collection agency that good in recovering outstanding debts on behalf of its clients, which generally include banks, credit card companies, and other financial institutions.
Halsted Financial Services is required to comply with the Fair Debt Collection Practices Act (FDCPA), which sets guidelines for how they can interact with debtors. This includes rules about when they can call, what they can say, and how they can contact individuals.
Website Overview
| Criteria | Details |
|---|---|
| Company Name | Halsted Financial Services |
| Industry | Debt Collection |
| Services Offered | Debt Collection, Skip Tracing, Credit Reporting, Customer Service |
| Headquarters Location | Skokie, Illinois, USA |
| Domain Registration Date | 2008-05-29 |
| Address | 8001 N. Lincoln Ave, Suite 500, Skokie, IL 60077 |
| Contact Email | [email protected] |
Who owns Halsted Financial Services?
Halsted Financial Services is a debt collection agency based in Skokie, Illinois. They specialize in managing and servicing delinquent account receivables. It was founded in 2008, It primarily collects past-due accounts on behalf of creditors and lenders, including healthcare providers, credit card companies, and payday loan providers. The owner and COO of Halsted Financial Services is Syed Ali.
Halsted Financial Services Review
Halsted Financial Services plays a necessary role in the financial industry by helping creditors recover outstanding debts. may offer settlements, where the debtor can pay a reduced amount to settle the debt. These offers can be beneficial for both parties, allowing the debtor to clear their debt for less than the full amount owed.
Some individuals have reported issues with Halsted Financial Services, including claims of harassment, incorrect debt amounts, or debts that are not theirs. It’s common for debt collection agencies to have complaints due to the nature of their work, but they need to address these issues professionally and legally.
Pricing Plan options of Halsted Financial Services
Halsted Financial Services must claim that the debt is legitimate and that they are authorized to collect it. Here are the payment Plan options of Halsted Financial Services.
| Past Due Amount | Payment Option | Discount | Savings | Total Payment | Monthly Payment |
|---|---|---|---|---|---|
| $1000 | 1-time payment | 50% off | $500 | $500 | N/A |
| $1000 | 3 payments of $233.33 per month | 30% off | $300 | $699.99 | $233.33 |
| $1000 | 5 payments of $180 per month | 10% off | $100 | $900 | $180 |
| $1000 | Payments as low as $50 per month | No discount | $0 | $1000 | $50 |
Who does Halstead Financial collect for?
Halsted Financial Services collects debts on behalf of a variety of clients, mainly within the financial industry. These clients typically include:
Banks and Credit Unions: Halsted Financial Services often works with banks and credit unions to collect unpaid loans, overdraft fees, and other banking-related debts.
Credit Card Companies: Credit card issuers hire Halsted Financial Services to recover unpaid credit card balances, including interest and fees.
Telecommunications Companies: The companies providing phone, internet, and cable services may use Halsted Financial Services to collect overdue bills from their customers.
Educational Institutions: Schools, colleges, and universities work with Halsted Financial Services to collect unpaid tuition, fees, and other educational expenses.
User Complaints
User reviews for Halsted Financial Services often highlight various issues that customers have experienced. Several users have reported that Halsted Financial Services attempted to collect debts that the users do not owe. This includes instances where the debt was already paid off or belonged to someone else.
Also, many reviews on their website seem to be fake because they are over-positive. The rating given on the website is 4.9 out of 5 which is not normal. Real reviews have a mix of positive and negative feedback.
Users have noted that Halsted Financial Services reports debts to credit bureaus quickly, sometimes without proper notification or verification, leading to sudden drops in credit scores. Also, some users have experienced difficulties in setting up or maintaining payment plans. They report that agreed-upon terms are not honored or that payments are not properly credited to their accounts.
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Laura Kemmis is a passionate trendsetter and reviewer, dedicated to researching the latest scams and frauds while sharing her insights with the world. She provides valuable information to keep her audience aware and informed about the latest scams. Additionally, Laura discovers and analyzes trends in fashion, technology, and lifestyle, offering a fresh and honest perspective in her reviews.
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