Having a debt sent to collections is scary—especially if you didn’t even realize you owed anyone money. Monterey Financial Services LLC is a debt collection agency you may have never heard of before, but that won’t stop them from asking you for payments if they think you owe an overdue debt.
Thankfully, you have the power to dispute collections and stop Monterey Financial from contacting you. Here’s everything you need to know about what kind of company Monterey Financial Services is and what your debt collection rights are.
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What is Monterey Financial Services?
Monterey Financial Services LLC is a debt collection agency that’s been in business since 1989. 1 They’re based in Oceanside, California, but they also service clients in Canada and Mexico. 2
In addition to collecting debts, they service loans and offer other financial management solutions. 3 In particular, they help retail companies set up purchase financing options for their customers.
As a third-party debt collection agency, Monterey Financial collects overdue debts that consumers owe to various businesses.
In addition to Monterey Financial Services, the company also goes by the following names:
- Monterey Loan Servicing
- Monterey Collection Services
- Monterey Billing Services
What kind of debts does Monterey Financial Services collect?
Monterey Financial collects consumer debts in a wide range of industries. In particular, they often collect debts owed to retailers through financing agreements.
According to the company’s website and complaints that consumers have filed against them on the Better Business Bureau website, Monterey Financial Services collects money on behalf of the following companies: 1
- Pet stores
- Firearm retailers
- Makeup companies
- Timeshare companies
- Auto lenders
- Travel agencies
- Sporting goods retailers
- Medical care providers
- Health clubs
- Dating services
- Golf courses
Is Monterey Financial Services a scam?
No, Monterey Financial Services isn’t a scam. They’re a legitimate debt collection agency and financial services company, and they’re accredited by ACA International.
Nevertheless, it’s possible for scammers to pose as real debt collectors from Monterey Financial in an attempt to rob you of your money. Always verify your debts before making any payments or providing personal information to someone contacting you about a debt.
To verify that you actually owe the debt and find out who your original creditor was, contact Monterey Financial Services directly using the contact information below.
How to deal with Monterey Financial Services
Ready to take control of your debt with Monterey Financial Services? Choose the methods you want to attempt below.
Dispute Collections If the debt is inaccurate, learn how to remove the collection from your credit report. | Stop Harassment If your rights are being violated, learn how to fight back using protections under federal law. |
Verify Debt If you're not certain the debt is yours, request more information (and temporarily stop collection efforts). | Pay Debt Collector If you're ready to pay up, learn how to do it in a way that keeps you on better financial footing. |
