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Debt collectors like Financial Asset Management Systems, Inc. cannot harass you over a debt. You have rights under the law, and we will stop the harassment once and for all. THE BEST PART IS…If Financial Asset Management Systems, Inc. violated the law, you will get money damages and they will pay your attorneys’ fees and costs. You won’t owe us a dime for our services. Plus, some of our clients also receive debt relief and cleaned-up credit reports. You have nothing to lose! Call us today at 888-572-0176 for a free consultation.

Who is Financial Asset Management Systems, Inc.?

Financial Asset Management Systems, Inc. is a debt collection agency which is based in Woodstock, Georgia, and primarily serves clients in the areas of education, financial services, government, health care, and media/telecommunications. FAMS has been accredited with the Better Business Bureau since 2007 and has received 5 BBB complaints from consumers for billing/collection problems and product/service problems within the past three years.

Financial Asset Management Systems, Inc.’s Address, Phone Number, and Contact Information

Financial Asset Management Systems, Inc. is located at 665 Molly Lane, Suite 110, Woodstock, GA 30189. The main telephone number is 800-399-4639 and FAMS’s website is www.famspayonline.net/.

Phone Numbers Used by Financial Asset Management Systems, Inc.

Like many debt collection agencies, Financial Asset Management Systems, Inc. may use many different phone numbers to contact debtors. For an advanced search, visit www.agrusslawfirm.com/ and click “Number Search” in the “Lookup” dropdown menu. Here are some phone numbers FAMS may be calling you from:

Financial Asset Management Systems, Inc. Lawsuits

If you want to know just how unhappy consumers are with Financial Asset Management Systems, Inc., take a look at the lawsuits filed against the agency on the Public Access to Court Electronic Records (“PACER”). PACER is the U.S.’s federal docket which lists federal complaints filed against a wide range of companies. A search for the agency will display over 180 lawsuits filed in over 40 states, most of which involve violations of consumer rights and/or the Fair Debt Collection Practices Act (FDCPA).

Financial Asset Management Systems, Inc. Complaints

The Fair Debt Collection Practices Act (FDCPA) is a federal law which applies to everyone in the United States. In other words, everyone is protected under the FDCPA, and this Act is a laundry list of what debt collectors can and cannot do while collecting a debt, as well as things they must do while collecting debt. If Financial Asset Management Systems, Inc. is harassing you over a debt, you have rights under the FDCPA.The Telephone Consumer Protection Act (TCPA) protects you from robocalls, which are those annoying, automated, recorded calls that computers make all day long. You can tell it’s a robocall because either no one responds on the other end of the line, or there is a delay when you pick up the phone before a live person responds. You can receive $500 per call if Financial Asset Management Systems, Inc. violates the TCPA. Have you received a message from this agency that sounds pre-recorded or cut-off at the beginning or end? These are tell-tale signs that the message is pre-recorded, and if you have these messages on your cell phone, you may have a TCPA case against the agency.The Electronic Fund Transfer Act (EFTA) protects electronic payments that are deducted from bank accounts. If Financial Asset Management Systems, Inc. took unauthorized deductions from your bank account, you may have an EFTA claim against the agency. Financial Asset Management Systems, Inc., like most collection agencies, wants to set up recurring payments from consumers; imagine how much money it can earn if hundreds, even thousands, of consumers electronically pay them $50 – $100 or more per month. If you agreed to this type of reoccurring payment, the agency must follow certain steps to comply with the EFTA. Did FAMS continue to take electronic payments after you told them to stop? Did they take more money from your checking account than you agreed to?  If so, we can discuss your rights and potential case under the EFTA.The Fair Credit Reporting Act (FCRA) works to ensure that no information reported to your credit report is false. In essence, it gives you the right to dispute those inaccuracies that you find on your credit report. We’ve handled many cases in which a debt collection agency reported debt on a consumer’s credit report to obtain leverage over the consumer. If Financial Asset Management Systems, Inc. is on your credit report, they may tell you that they’ll remove the debt from your credit report if you pay it; this is commonly known as “pay for delete.” If the original creditor is on your report rather than the debt collector, and you pay off the debt, both entities should accurately report this on your credit report.Several states also have laws to provide its citizens an additional layer of protection. For example, if you live in California, Florida, Michigan, Montana, North Carolina, Pennsylvania, Texas, or Wisconsin, you may be able to add a state-law claim to your federal law claim above.  North Carolina, for example, has one of the most consumer-friendly statutes in the country: if you live in NC and are harassed over a debt, you may receive $500 – $4,000 in damages per violation. We work with a local counsel in NC and our NC clients have received some great results in debt collection harassment cases. If you live in North Carolina and are being harassed by a debt collector, you have leverage to obtain a great settlement.

How do we Use the Law to Help You?

We will use state and federal laws to immediately stop Financial Asset Management Systems, Inc.’s debt collection. We will send a cease-and-desist letter to stop the harassment today, and if Financial Asset Management Systems, Inc. violates the FDCPA, EFTA, FCRA, or any state law, you may be entitled to money damages. For example, under the FDCPA, you may receive up to $1,000 in damages plus actual damages. The FDCPA also has a fee-shift provision, which means the debt collector will pay your attorneys’ fees and costs. If you have a TCPA case against the agency, we will handle it based on a contingency fee and you won’t pay us a dime unless you win.THAT’S NOT ALL…We have helped hundreds of consumers stop phone calls from Financial Asset Management Systems, Inc. and we know how to stop the harassment and get you money damages. Once again: you will not pay us a dime for our services. We will help you based on a fee-shift provision and/or contingency fee, and the debt collector will pay your attorneys’ fees and costs.

What if Financial Asset Management Systems, Inc. is on my Credit Report?

Based on our experience, some debt collectors may credit-report, which means one may mark your credit report with the debt they are trying to collect. In addition to or instead of the debt collector, the original creditor may also be on your credit report in a separate entry, and it’s important to properly identify these entities because you will want both to update your credit report if or when you pay off the debt.THE GOOD NEWS IS…If Financial Asset Management Systems, Inc. is on your credit report, we can help you dispute it. Mistakes on your credit report can be very costly: along with causing you to pay higher interest rates, you may be denied credit, insurance, a rental home, a loan, or even a job because of these mistakes. Some mistakes may include someone else’s information on your credit report, inaccurate public records, stale collection accounts, or even being a victim of identity theft. If you have a mistake on your credit report, there is a process to dispute it, and my office will help you obtain your credit report and dispute any inaccurate information.REMEMBER…Remember: if a credit reporting agency violates its obligations under the Fair Credit Reporting Act (FCRA), you may be entitled to statutory damages up to $1,000, and the credit reporting agency will be required to fix the error. The FCRA also has a fee-shift provision, which means the credit reporting agency will pay your attorneys’ fees and costs. You won’t owe us a dime for our services. We have helped hundreds of consumers fix inaccurate information on their credit reports, and we’re ready to help you, too.

Complaints against Financial Asset Management Systems, Inc.

If you’re on this page, chances are you are just like the hundreds of consumers out there being harassed by Financial Asset Management Systems, Inc. Here are some of the BBB reviews and complaints against FAMS:

  1. “I have received numerous calls trying to collect from someone I do not know or ever heard of. It has cost me time and money. Done.”
  2. “We have been getting calls at the number I listed for at least 10 years…We have told you over and over and over, there is no such person at this number, no relative, we have no idea who “******* ********” is….We have been harassed at dinner time, holidays, or when we have guests. I talked to a representative this evening and she assured me the person would be taken out of the system as belonging at this phone number. I have been told this before and I am fed up.”
  3. “Was contacted and the rep was extremely rude and lied to me in order to get money from me and set up payment plans. I was then called many times for no reason and then told I didn’t know what I was talking about because I was never told certain things. Talked to the compliance director and was hoping to get a resolution and was just transferred to another manager to deal with in the future. I was told my claims had validity but no one would explain to me what was found after listening to the phone calls. So obviously I was correct about something but lord forbid someone explain it to me and say how they have been harassing me with phone calls.”

Cases We’ve Handled against Financial Asset Management Systems, Inc.

I THINK YOU’LL AGREE WITH ME WHEN I SAY…Threats and harassment from collection agencies can be pretty intimidating. However, we can stop the harassment and get you money damages under the law, and the collection agency will pay your attorneys’ fees and costs. Here is one case we’ve handled against Financial Asset Management Systems, Inc.:

  • Juan R. v. Financial Asset Management Systems, Inc. – In September 2017, Juan of Davis County, Utah, pursued a claim against Financial Asset Management Systems, Inc. for violations of the Fair Debt Collection Practices Act (FDCPA) and Telephone Consumer Protection Act (TCPA). Complaints included harassing phone calls, unlawful use of automatic/pre-recorded calls, and “harassing, oppressive, or abusive” conduct when attempting to collect debt. The case was resolved in December 2017 and Juan was pleased with the outcome we obtained for him.

What Our Clients Say about Us

Mike Agruss Law has over 690 outstanding client reviews through Yotpo, an A+ BBB rating, and over 100 five-star reviews on Google. Here’s what some of our clients have to say about us:“Michael Agruss handled two settlements for me with great results and he handled them quickly. He also settled my sister’s case quickly and now her debt is clear. I highly recommend Michael.”“Mike Agruss Law was very helpful, they helped me solved my case regarding the unwanted calls. I would highly recommend them. Thank you very much Mike Agruss!”“Mike Agruss Law was very helpful to me and my veteran father! We were harassed daily and even called names for a loan that was worthless! Agruss stepped in and not only did they stop harassing, they stopped calling all together!! Even settled it so I was paid back for the problems they caused!”

Can Financial Asset Management Systems, Inc. Sue Me?

Although anyone can sue anyone for any reason, we have not seen Financial Asset Management Systems, Inc. sue consumers, and it’s likely that the agency does not sue because they don’t always own the debt they are attempting to collect, and would also need to hire a lawyer, or use in-house counsel, to file a lawsuit. It’s also likely that the agency collects debt throughout the country, and it would be quite difficult to have lawyers, or a law firm, licensed in every state. However, there are collection agencies that do sue consumers; for example, Midland Credit Management is one of the largest junk-debt buyers, and it also collects and sues on debt. Still, it is less likely for a debt collector to sue you than for an original creditor to hire a lawyer or collection firm to sue you. If Financial Asset Management Systems, Inc. has threatened to sue you, contact Mike Agruss Law as soon as possible.

Can Financial Asset Management Systems, Inc. Garnish my Wages?

No, unless they have a judgment. If Financial Asset Management Systems, Inc. has not sued you, then the agency cannot get a judgment. Barring limited situations (usually involving debts owed to the government for student loans, taxes, etc.), a company must have a judgment in order to garnish someone’s wages. In short, we have not seen this agency file a lawsuit against a consumer, so the agency cannot garnish your wages, minus the exceptions listed above. If Financial Asset Management Systems, Inc. has threatened to garnish your wages, contact our office right away.

Financial Asset Management Systems, Inc. Settlement

If you want to settle a debt with Financial Asset Management Systems, Inc., ask yourself these questions first:

  1. Do I really owe this debt?
  2. Is this debt within the statute of limitations?
  3. Is this debt on my credit report?
  4. If I pay this debt, will Financial Asset Management Systems, Inc. remove it from my credit report?
  5. If I pay this debt, will the original creditor remove it from my credit report?
  6. If I pay this debt, will I receive confirmation in writing from Financial Asset Management Systems, Inc. for the payment and settlement terms?

These are not the only things to consider when dealing with debt collectors. We are here to help you answer the questions above, and much more. Whether it’s harassment, settlement, pay-for-delete, or any other legal issue with Financial Asset Management Systems, Inc., we at Mike Agruss Law are here to help you.

Share your Complaints against Financial Asset Management Systems, Inc. Below

We encourage you to post your complaints about Financial Asset Management Systems, Inc. Sharing your complaints against this agency can help other consumers understand what to do when this company starts calling. Sharing your experience may help someone else!HERE’S THE DEAL!If you are being harassed by Financial Asset Management Systems, Inc. over a debt, you may be entitled to money damages – up to $1,000 for harassment, and $500 – $1,500 for illegal robocalls. Under state and federal laws, we will help you based on a fee-shift provision and/or contingency fee, which means the debt-collector pays your attorneys’ fees and costs. You won’t owe us a dime for our services. We have settled thousands of debt collection harassment cases, and we’re prepared to help you, too. Contact Mike Agruss Law at (888)-572-0176 to stop the harassment once and for all.

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Submitted Comments

Emily
4 weeks ago
I\'m just wondering if FAM is a legit thing or is it a scam? They have contacted me and we are discussing a resolution, and if it\'s a scam, I don\'t want to give them any money. Please respond by email. I will not answer my phone, I am at work.