Report: #253666

Complaint Review: FCS - Financial Credit Services,

  • Submitted: Mon, June 11, 2007
  • Updated: Mon, June 11, 2007
  • Reported By: Boston Massachusetts
  • FCS - Financial Credit Services,
    4801 Emerson Ave, Suite 112
    Palatine, Illinois

FCS- Financial Credit Services, Illegal Collection Practices Palatine Illinois

*General Comment: Thanks for Posting

Show customers why they should trust your business over your competitors...

This company contacted me to collect a very old debt on May 9, 2007. The debt is long since past the statute of limitations. The collector, Ms. Tracy Graye, stated that she had a affidavit from her "client" that I was being sued and that they could obtain a judgment against me without my knowledge. Ms. Graye stated that she just wanted to give me a heads up before the judgment and one last opportunity to pay. Ms. Graye attempted to contact me more than three times in the same day and a Mr. Ward contacted my mother-in-law about the debt.

I filed a complaint with the AG's of Massachusetts and Illinois. The IL AG had already sued this company in 2006, for this very behavior. The Better Business Bureau has hundreds of complaints on FCS. I sent FCS a Chapter 93A demand letter (Massachusetts) for violation of the FDCPA.

Mr. Joel Cohen, Compliance Manager at FCS, has responded to the IL AG's office, stating that Ms. Graye has been suspended for 3 days and that Mr. Ward used a skip tracing service to contact my mother-in-law (which is very unlikely). He states in the letter, "Our goal is to help consumers resolve debts." This debt is not collectible.

Per a May 18, 2006 press release, Illinois Attorney General Lisa Madigan has filed a lawsuit against Financial Credit Services, Inc. of Palatine, Illinois, as well as the company's President Bruce Cohen and Secretary Mario Bianchi, alleging that the agency used unfair and deceptive representations to obtain payments on uncollectible debt.

In some cases consumers alleged they were intimidated into making payments of between $100 and $5,000, while in others the defendants allegedly deducted money from the consumer's bank account without the consumer's permission.

The State of Maine Office of Consumer Credit Regulation has a "Cease and Desist and Order of Reimbursement" against FCS/Financial Credit Services These are the same guys that owned/founded CAMCO, which the FTC shut down. I haven't received another call from FCS/Financial Credit Services since filing the complaints.

Boston, Massachusetts

Is this Ripoff Report About you?
Ripoff Report A business' first line of defense on the Internet.
If your business is willing to make a commitment to customer satisfaction Click here now..

Does your business have a bad reputation? Fix it the right way. Corporate Advocacy Program™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 06/11/2007 11:10 AM and is a permanent record located here: The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
Also a victim?
Repair Your Reputation!

Updates & Rebuttals


#1 General Comment

Thanks for Posting

AUTHOR: Florence Enigma - (USA)

I just got a call from ARA, Asset Reecovery Associates aka Financial Credit Services, and it's the same gang doing the same thing. I too have filed with the FTC, FBI Fraud, Dept of Justice, etc and your info helped show their pattern perfectly.

Thanks for taking the time to try to stop them and help others. Just imagine how much money they've conned after all these years and still going strong. The link for my report is below.

Respond to this report!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.