Report: #926565

Complaint Review: RGS Financial

  • Submitted: Mon, August 13, 2012
  • Updated: Thu, November 29, 2012
  • Reported By: james — Perry Oklahoma United States of America
  • RGS Financial
    PO BOX 852039
    United States of America

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

RGS FINANCIAL IS A JUNK DEBT BUYER, they buy old debt from collections agencies and try it collect on it. using magical re-aging process's, they take the debt from the collection agency, not from the original creditor. They are asking to be sued by doing this, under Federal public law. SOL begins on the last payment of the account.
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This report was posted on Ripoff Report on 08/13/2012 11:45 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

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#1 Consumer Comment

RGS, Chris Pruitt false claim

AUTHOR: Lisa - ()

I get calls from RGS at all hours, even the illegal hours. I did try to contact this Chris Pruitt regarding his claims of being available and no surprise, he won't take the call!  I have no business with them! After reporting them and Chris to the FTC, I'm going to contact an attorney. Can someone suggest one who knows this pathetic excuse of a business?

Thanks for the input.


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#2 Consumer Suggestion

They are Wrong Buddy - SOL restricts a CA from filing suit

AUTHOR: Rubicon - ()

A statute of limitations is an enactment in a common law legal system that sets the maximum time after an event that legal proceedings based on that event may be initiated. In civil law systems, similar provisions are typically part of the civil code or criminal code and are often known collectively as periods of prescription.

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#3 Consumer Comment


AUTHOR: SKORPION - (United States of America)

I just would like to chim in and educate the consumers , first of all it is important to send out the VOD letter (registered of course) and dispute the amount ! (you have 30days to do so, don't miss the deadline)

RGS is a junk debt buyer, means they buy the dollar by the penny and work on commission (always deal with the creditor directly!!!)

The SOL is a very good valid defense not to get sued(check the SOL by state) , I've been to courts many times, never ever ignore judgements and respond within the required time (ask for proof of debt and so on).

And finally just google the terms for  "creditboards" and they have all the answers !!

Have a great day !!

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#4 UPDATE Employee

Sorry I missed your call

AUTHOR: Cpruitt - (USA)

Sorry I missed your call. Try me again. I'll be at my desk the rest of the day.

Chris Pruitt
Vice President of Information
469-791-4700 ext 2009
866-941-8600 ext 2009
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#5 Consumer Comment

no contact

AUTHOR: Richard - (United States of America)

i tried to contact this chris although he said call him he would not take calls

see the thing with me is that they keep blowing my phone up tring to reach my father ...he dosnt even live here when i tried to explain that to the rep that called my home and asked him not to call my home anymore he would not take me off that claim so i looked them up on line and got to this site where i saw this post

like i said i tried to contact chris and noone would help

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#6 Consumer Comment

second bit of bad news

AUTHOR: The Outlaw Josey Wales - (United States of America)

 you have just been rebutted by iamnogood, a major rebutter with no help and nothing to offer.
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#7 Author of original report

wrong wrong wrong

AUTHOR: Peedoff - (United States of America)

RGS is a junk debt buyer, they purchased the debt from Asset Acceptance Corporation, after they were served with a Cease and Decist. This is illega on Asset part, as they are assuming the debt is still collectable. but either way, Im waiting to sue Rgs in district court for violations of the FDCRA. Ive never lost and to date have 9000.00 in cash, and 3000 in attorney fee's, as the FDCRA allows attorneys fees to be collected from the collection agency. 
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#8 UPDATE Employee

Response from RGS Financial

AUTHOR: Cpruitt - (USA)

My name is Chris Pruitt. I am a Vice President at RGS Financial.

We are a Third Party Collection Agency, which means we collect on behalf of the owners of the debt. In most cases the owner is the original creditor. We do not purchase debt, and we do not re-age debt.

We hold our reputation dear, and do our best to treat consumers with respect and dignity. We are licensed as a Collection Agency in all fifty states, and we are a member of ACA International (The Association of Credit and Collection Professionals, We currently have a rating of B with the Better Business Bureau, which you can review at

If you or anyone has questions about us, you can visit us online at Also, I welcome your calls or emails with any concerns or issues you may have. My email address is, and my phone number is 877-457-8500 ext 2009.
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#9 General Comment

I have bad news for you.

AUTHOR: IamGood - (USA)

Any company can sell debt to another company.  There is nothing Illegal about this.  The SOL is the time period when you can be sued for this debt.  The SOL doesnt mean you dont owe the debt. 

The company that bought the debt can still contact you regarding this debt, until you notify them "in writing, and sent certified mail" to stop contacting you.

It is not uncommon for a debt that is out of SOL, to sue the debtor.  They count on the fact that the debtor will be served certified mail, and not show up in court to dispute the suit filed against them. 

This would cause the debt to convert into a judgement.  So 2 things,

1. You still owe the money to the creditor, regardless of the age of the debt.   
2. You can still be sued over the debt, and you will have to hire an attorney to fight the debt on the basis that it is past the SOL for the creditor to sue.
3.  Your comment that this company is a Junk Debt Buyer is not correct.  You incurred the debt, and you got a service rendered to you, and you still ethically, and morally owe the money.

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