Understanding Debt Collectors and Security Finance
Debt collectors, like Security Finance, are companies that specialize in collecting debts on behalf of creditors. They may contact you by phone, mail, or email to request payment on an outstanding debt. It’s essential to understand your rights and the laws that govern debt collection to protect yourself from harassment and unfair practices.
Security Finance is a debt collection agency that operates in several states, including South Carolina. They offer traditional installment loans with terms ranging from 6-12 months, but their APRs vary by state. Multiple reviews have reported high interest rates and aggressive collection practices, so it’s crucial to be cautious when dealing with them.
Security Finance Debt Collection Harassment
Tired of Security Finance Debt Collection Harassment? Wish there was a way to make the calls stop? Is Security Finance constantly calling and harassing you? Does your phone ring every day, several times per day, because Security Finance is calling you to demand payment? Threatening you with legal action? Has Security Finance ever used abusive or profane language when speaking with you on the phone? If so, Security Finance may be violating your legal rights. Stop the harassment.
The Fair Debt Collection Practices Act, also known as the FDCPA, protects consumers’ rights in the context of debt collection. In other words, debt collectors must adhere to a certain set of rules when they are pursuing consumers who owe money. If a collector violates the FDCPA, you can sue the collector in court. The law allows consumers who have been victims of harassment from debt collectors to get the calls to stop in addition to recover statutory damages of up to $1,000, plus attorney fees and court costs.
It is crucial to respond promptly to a debt collection lawsuit to avoid default judgments. Ignoring such lawsuits can lead to unfavorable outcomes, but there are potential legal strategies, including counterclaims against the debt collector, to protect your rights and potentially win damages.
Is Security Finance a scam?
According to the Better Business Bureau website, Security Finance has been in business since 1997. There have been 205 complaints closed in the last 3 years and 43 complaints closed out in the last 12 months.
Security Finance
Who is Security Finance Corporation?
Security Finance is third party debt collector located in Spartanburg, South Carolina. They have been a party to over 5,400 federal cases based on their issuance of credit and collection of debts incurred on their credit cards. A recent Federal Court cases alleges that Security Finance used illegal and harassing communication tactics to attempt to coerce a payment from the harassed consumer. Operating within the debt collection industry, Security Finance is part of a sector known for its prevalence of inaccuracies, where debt collectors may mistakenly pursue individuals for debts they do not owe or have already settled.
Address: 743 Washington Blvd Ogden, UT 84404-4953 Phone: (801) 334-8586
Security Finance Debt Collection Harassment Tactics and Fair Debt Collection Practices
If Security Finance engages in any of the following tactics, you may have a case:
Calls before 8:00 a.m. or after 9:00 p.m. or at any time or that they are given notice that it is inconvenient to call
Call the consumer’s place of employment if they have been advised that calls cannot be accepted at work.
Use any profane language or any language that is harassing and abusive
Engage in any conduct, the natural consequence of which is to harass, abuse or oppress.
Make any misrepresentations of fact, such as how much is owed, or certain actions they may take to force payment. Misrepresentations can include the amount of credit card debt owed and the potential legal actions that can be taken.
Threaten arrest or criminal prosecution
Send false information to the credit bureaus
Cause a telephone to ring an unreasonable amount of times
Security Finance Phone Numbers
Are you receiving any harassing phone calls from any of these numbers?
866-281-7043, 800-395-8195, 888-871-5613.
If so, you may be a victim of Security Finance debt collection harassment. The list above is not all the numbers that Security Finance uses. Also, calls can be from a different numbers and it still be Security Finance calling you. Contact our office right away so we can start the process to stop Security Finance from calling you illegally. Above all, no one should live with harassment.
Common Questions:
Is Security Finance a scam? No, Security Finance has been in business since 1997.
Can Security Finance seize my property? Security Finance can’t seize your property, but there are some exceptions. If the debt was tied to the property the collector may be able to repossess it. Or, if the collector has sued and obtain a judgment against you, the debt collector may be able to take certain property as permitted by the court.
Can Security Finance sue me? Yes, Security Finance can sue you so long as the debt is within the statute of limitations.
Can Security Finance report my debt to the collections bureaus? Yes, Debt collectors are allowed to place the collection account on your credit report
Can Security Finance arrest me?
The following is a sample list of complaints filed against Security Finance and can be found on Pacer.org.
5:19-cv-00093-C Arrellano v. Security Finance Corporation
3:18-cv-00369 Shoja v. Security Finance Corp Of Spartanburg
4:18-cv-10015-TSH Mendez v. Security Finance of Georgia
1:17-cv-00522-WKW-TFM Pearson v. Security Finance Corporation of Alabama, Inc. et al (JOINT ASSIGN)(MAG+)
4:17-cv-00450-HFS Franklin v. Security Finance of Missouri, LLC
CONSUMER RIGHTS LAW FIRM, PLLC: Debt Collection Laws
is a law firm that specializes in helping clients who are facing harassment from debt collectors in any form, including telephone communication. Contact a legal professional to stop Security Finance debt collection harassment. Our office has been assisting consumers since 2010. We have an A+ rating with the Better Business Bureau.
Consumer Rights Law Firm, PLLC Better Business Bureau
If you are interested in learning more about how to safeguard yourself and prevent Security Finance debt collection harassment, call us at for immediate assistance or visit our website at www.consumerlawfirmcenter.com.
Check out a links below for more information:
Consumer Financial Protection Bureau
Debt Collection Laws and Regulations
Debt collection laws and regulations are in place to protect consumers from unfair and abusive practices. The Fair Debt Collection Practices Act (FDCPA) is a federal law that governs debt collection and prohibits debt collectors from engaging in certain behaviors, such as harassment, false statements, and unfair practices.
In addition to the FDCPA, individual states have their own debt collection laws and regulations. For example, some states have laws that limit the amount of interest that can be charged on a debt, while others have laws that require debt collectors to provide specific information to consumers.
It’s essential to understand your rights under both federal and state laws to protect yourself from debt collector abuse.
Responding to Security Finance Debt Collection
If you receive a debt collection notice from Security Finance, it’s essential to respond promptly and carefully. Here are some steps you can take:
Verify the debt: Make sure the debt is legitimate and that you owe the amount claimed.
Request validation: Ask Security Finance to provide validation of the debt, including the original creditor, the amount owed, and any relevant documentation.
Dispute the debt: If you dispute the debt, send a written dispute letter to Security Finance within 30 days of receiving the notice.
Seek assistance: If you’re having trouble paying the debt or need assistance, consider contacting a credit counselor or debt management company.
Stopping Debt Collection Calls and Harassment
If you’re receiving debt collection calls or harassment from Security Finance, there are steps you can take to stop it:
Send a cease and desist letter: Write a letter to Security Finance requesting that they stop contacting you.
File a complaint: File a complaint with the Federal Trade Commission (FTC) or your state’s attorney general’s office.
Block their number: Block Security Finance’s phone number to prevent further calls.
Seek assistance: Consider contacting a credit counselor or debt management company for assistance.
Filing a Counterclaim Against a Debt Collector
If you believe that a debt collector, like Security Finance, has violated your rights under the FDCPA or state laws, you may be able to file a counterclaim against them. A counterclaim is a lawsuit that you file against the debt collector in response to their lawsuit against you.
To file a counterclaim, you’ll need to:
Consult with an attorney: Seek the advice of an attorney who specializes in debt collection law.
Gather evidence: Collect evidence of the debt collector’s violations, including records of phone calls, letters, and other communications.
File the counterclaim: File the counterclaim in court, usually within a specific timeframe (e.g., 30 days).
Remember to keep detailed records of all communications with the debt collector, as this can be useful evidence in your counterclaim.
