Financial Asset Management Systems Phone Harassment?
Does it seem like the phone wouldn’t stop ringing? Are you being constantly hounded with calls and messages from Financial Asset Management Systems? This is probably because you owe a debt and are being contacted by a debt collection agency. Debt collection agencies task themselves with collecting third party debt and often go to extreme measures in order to do so, hence the unending and frustrating calls. People who have been there will tell you that being in debt can be vexing and might even be the source of many sleepless nights. However, remember to always maintain your cool when dealing with a debt collector and try not to engage them in a verbal battle. It is also important to learn about your rights and options when dealing with debt collectors, so you can make informed decisions.
You probably didn’t know that there are Federal laws that protect consumers like you from being harassed and treated unfairly, they also ensure that your human rights are not violated by debt collectors while trying to recover a debt. These laws are called the Fair Debt Collection Practices Act (FDCPA). Are you wondering why Financial Asset Management Systems is contacting you over your unpaid debt when you have no memory of ever owing them? This is because they have purchased your debt from the creditor who you initially owe and as a debt collection agency, they are trying to get you to pay up. It is important to note that not every type of debt is covered by the FDCPA. Businesses in debt or individuals who take business loans are not covered, however personal, household, medical and student loans are.
When negotiating with a debt collector, you may be offered a settlement that allows you to pay less money than the total amount owed. Understanding how much money you actually owe and what settlement options are available can help you make the best decision.
So you’re in debt, and you have been contacted by a debt collection agency, soliciting the help of an experienced professional is your best bet of coming out unscathed and successful. Having a clear strategy for dealing with debt collectors can make a significant difference in your outcome. Reach out to us now at 877-7600-5790. We are always willing to help. Our team has the skills and expertise needed to handle even the most complex debt collection issues.
What is a debt collector expected to do while trying to collect a debt?
- Contact you: Debt collection agencies are allowed to contact you. However, they are required to provide: the name of the creditor, the amount you owe, and the name of the collection agency in charge of recovering that debt. There are several things debt collectors must consider when collecting a debt, such as ensuring all communications comply with legal requirements and accurately representing the debt.
- Report you to the credit bureau for excessive delay in payment and delinquency, this can affect your credit score.
- Sell your debt: A first-party creditor can sell your debt to another collector if they haven’t been able to collect it or sell the remainder if part payment has been made.
- Negotiate your debt: Debt collectors buy debts from original creditors at a cheaper rate. This gives them a profit margin if they are able to recover what was initially owed. As a result of this, they can be ready to negotiate your debt with you, you can negotiate a settlement of 25-30% of what you initially owed. Remember to keep all records of settlements and agreements made. With regard to negotiation or legal action, the agency has broad discretion in determining the evaluation criteria for handling debts, as long as it reasonably relates to the agency’s needs and serves the government’s interests.
- Sue you: Yes, a debt collector can take you to court over your unpaid debt. It is absolutely necessary to get legal counsel when this happens and be sure to make an appearance in court, else the collector wins by default.
Dealing with collectors is not always a walk in the park however, it doesn’t have to be a nightmare either. Remember to calmly assess your situation, verify your debt to eliminate the chances of being scammed by fraudsters by always knowing your rights. Most importantly seek legal advice from an attorney who specializes in consumer law. You can contact an A+ accredited consumer rights lawyer on 877-700-5790. Get a roadmap to your freedom from debt harassment; call us today.
Who is Financial Asset Management Systems?
Financial Asset Management Systems is a third-party debt collector headquartered in Atlanta, Georgia. The company was founded in Atlanta and employs a large team of employees to manage operations and customer service. Their president is listed in official documentation and public records. They have been a party to over 190 federal cases.
Contact Information
Address: 645 Molly Ln STE 110
Woodstock, GA 30189-3733
Phone: (888) 668-6925
Is Financial Asset Management Systems a Scam?
According to the Better Business Bureau website, Financial Asset Management Systems has been in business for 25 years. On the BBB page for Financial Asset Management Systems, there have been 14 complaints filed against FAMS by harassed debtors and dissatisfied consumers. However, there is no clear evidence to suggest misconduct or data inflation based on the information available, and the BBB page provides details on each complaint and the company’s responses. Read more here: Financial Asset Management Systems Better Business Bureau
Financial Asset Management Systems Phone Numbers
Are you receiving any harassing phone calls from any of the following numbers?
888-668-6925, 800-339-4639, 636-925-5300, 678-254-3311, 770-438-5880, 866-924-3267, 678-937-5100, 678-937-5138, 770-438-5586, 800-490-0892, 800-399-4984, (888) 668-6925, (800) 339-4639, (636) 925-5300, (678) 254-3311, (770) 438-5880, (866) 924-3267, (678) 937-5100, (678) 937-5138, (770) 438-5586, (800) 490-0892, (800) 399-4984, 8886686925, 8003394639, 6369255300, 6782543311, 7704385880, 8669243267, 6789375100, 6789375138, 7704385586, 8004900892, 8003994984,
If the answer is yes, then you are receiving calls from a known FAMS number. If you are receiving any form of harassment during these calls, do not hesitate to reach out to a qualified professional at 877-700-5790 for help.
The following is a sample list of complaints filed against Financial Asset Management Systems in the past year and can be found on Pacer.org. Each case listed below is a matter under consideration by the courts, and the subject of these matters typically involves allegations of harassment or improper debt collection practices.
5:11-cv-00346-MMH-TBS Smith v. Financial Asset Management Systems – This matter concerns the subject of alleged harassment by phone.
1:09-cv-01526-ODE Roberts v. Financial Asset Management Systems – This matter addresses the subject of improper debt collection practices.
2:12-cv-00285-DAK Huffman v. Financial Asset Management Systems – This matter involves the subject of consumer complaints regarding collection calls.
2:11-cv-04198-RZ Steven Ibarra v. Financial Asset Management Systems Inc – This matter is related to the subject of alleged violations of consumer rights.
4:08-cv-02189 Bankston v. Financial Asset Management Systems Inc – This matter pertains to the subject of repeated and unwanted phone calls.
Data Breach Concerns and Student Loan Debt
In recent months, Financial Asset Management Systems Inc. (FAMS Recovery Solutions) has faced heightened scrutiny following a significant data breach that has impacted individuals with student loan debt and other financial obligations. As a key player in financial asset management and asset management systems, FAMS is responsible for managing and collecting debts across various sectors, including education, government, and healthcare. The breach, which stemmed from a network disruption, resulted in unauthorized access to certain files containing sensitive consumer information—raising serious concerns about identity theft and fraud.
For those with student loan debt, the situation is particularly troubling. FAMS acts as a contractor for the U.S. Department of Education, handling the collection of defaulted federal student aid and related debts. The compromised network and asset management systems meant that files containing personal and financial data of borrowers were potentially exposed. This incident has underscored the critical need for robust data protection strategies within companies that manage financial assets, especially when dealing with sensitive information related to education and government programs.
Following the breach, FAMS completed a thorough investigation and began issuing notice letters to individuals whose information may have been affected. The company has also implemented measures to reduce the risk of further harm, such as providing resources and guidance to help affected clients protect themselves from identity theft. If you have received a notice or believe your information may have been compromised, it is essential to remain vigilant—monitor your credit reports, review any suspicious activity, and consider placing fraud alerts or credit freezes as needed.
FAMS’s response to the breach has included a renewed focus on communication, technology, and employee training to strengthen their ability to protect client data. As a small business with a long-standing presence in Georgia and a reputation for performance in debt collection and financial services, FAMS has worked with a diverse client base, including government agencies and private organizations. Their expertise in asset management systems and settlement negotiations has earned them industry recognition, such as the Navient People’s Choice Award for FFELP and Private Credit.
However, this incident serves as a reminder of the risks associated with data breaches in the financial services sector. Whether you are dealing with student loan debt, healthcare bills, or other types of debt, it is crucial to stay informed about how your information is being managed and what steps you can take to protect yourself. If you have questions or need help responding to a notice from FAMS, consider reaching out to attorneys or consumer rights organizations for guidance. Protecting your financial assets and personal information should always be a top priority, especially in the wake of a reported breach.
For more information on how to respond to data breaches, review resources from the Better Business Bureau, the Department of Education, or contact a qualified professional for assistance. Staying proactive can help reduce the risk of long-term harm and ensure your rights are protected throughout the process.
About Us
is a law firm that specializes in helping clients who are facing harassment from debt collectors. If you suspect that your debt collection rights are being trampled upon, contact our office to begin the process to stop the harassment you may currently be receiving from FAMS. Our office has been assisting consumers since 2010, and we have an A+ rating with the Better Business Bureau.
Call us at (877)700-5790 for immediate assistance.
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