BHK Financial, LLC (BHK) is a third-party collection agency based in Arizona. BHK has received consumer complaints alleging violations of the Fair Debt Collections Practices Act (FDCPA), including usingfalse or misleading information in an effort to collect a debt and misrepresenting the legal status or amount of a debt. If this debt collector has contacted you about past due collection items, make sure you know your rights before responding.
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According to the Better Business Bureau (BBB), BHK Financial, LLC is a legitimate collection agency, originally incorporated in 2001, then started locally in 2015. The B established a profile page for BHK in 2018. BHD is listed as a collection agency, judgement recovery agency, collection system, credit reporting agency, and skip tracing agency. BHK uses the alternate business name, Blackstad, Hrabe, Kirkorsky, LLC and was formerly known as Innovative Debt Recovery, Inc. (IDR). Buzzfile estimates BHK’s annual revenue at $758,000 and the size of its headquarters staff at7 employees.
According to its website, BHK was founded “with the mission of providing collection services that exceed… client expectations and raise the bar for industry standards.” BHK’s core mission is to provide “exceptional collection services that exceed the expectations of…clients and assist… consumers by providing convenient repayment options.”
BHK’s third-party collections division “works with a variety of industries to collect past due accounts on a contingency basis…by making meaningful attempts to collect accounts and recover unpaid monies.” BHK employs a “staff of highly skilled experts… trained in effective communication and compliance in the accounts receivable industry.” Their collection staff employs a four-step collection process that includes account evaluation and analysis; custom account servicing; an electronic on-boarding procedure; and active recovery efforts by a dedicated team of specialists.
As a full-service agency, BHK also offers legal collections; judgment recovery; forwarded out-of-state account services; educational seminars; online client account monitoring; skip tracing; credit reporting; and commercial collections. The BHK website does not specify the industries in which it is active, except to say that it accepts accounts “from large commercial accounts to small business past-due receivables.”
BHK employs “an in-house compliance manager to stay ahead of evolving compliance requirements and routinely perform internal audits to ensure security and procedural best practices are being met.” Their website states that they “take compliance very seriously”; however, they also refer to regulatory laws as “burdensome regulations.” In addition, they do not provide an easily accessible page with consumer protection resources, laws, or enforcement agencies.
The BBB has not received any complaints against BHK; however, they have received 1 negative review. Since May 2017, the Consumer Financial Protection Bureau (CFPB) has closed 1 complaint against BHK. Justia does not list any cases of civil litigation involving BHK.
BHK Financial, LLC
2222 S. Dobson Rd., Ste. 1104
Mesa, AZ 85202-6201
Telephone (602) 248-9828
It is illegal for a debt collector to threaten to sue you or garnish your wages. It is also unlikely BHK would sue you for a debt you may not owe or they cannot validate. However, debt collection agencies are known to have summoned debtors to court and garnish wages after a default judgement. Contacting an attorney BEFORE this could possibly happen would be a smart move. We’ve helped thousands of consumers fight back against unscrupulous debt collection harassers. Find out if we can help you too today!
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Absolutely. Here are some Sample Complaints
In May 2017, a complainant indicated a representative of BHK, which was operating as IDR at the time, had contacted him in an attempt to collect “over $1,000” for a debt BHK claimed he owed to a credit union in Arizona. Allegedly, the credit union “attempted to say he owed them money almost a year previously, after he had reported his card missing/stolen just 2 days after opening the account,…and having never even used the card.” The complainant had requested that the credit union review its security camera footage to verify his claim that his card had been stolen and used without his authorization. He stated that the credit union “never provided any footage and kept giving…excuses…about why they were denying” his requests. He also stated that BHK said they had “bought the debt, …which the complainant claimed was a bogus debt to start” with. He requested the CFPB’s assistance “to get them to not try and ruin his credit and to stop harassing” him. The CFPB indicated that BHK had closed the account with an explanation to the complainant. BHK did not provide a public response to the complaint.
In April 2018, a complainant indicated BHK had been trying to collect a debt he had already paid. He stated that the amount BHK was requesting “exceeded what could have been collected at the time.” He requested that BHK “verify validity of the debt….and that they are dragging their feet.” He alleged that BHK is quick to collect, but slow to address their mistakes. He said their collection calls had stopped, but only because he had blocked their number. He also stated that the “debt was bogus since it had been … assigned,” and that his “own employer had assigned the debt.” He alleged that BHK was “interfering with his job/work performance by calling” him.
The Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA) are enforced by the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB).
The FDCPA regulates the behavior of collection agencies by prohibiting actions such as the use of abusive or threatening language; harassment; or the use of false or misleading information to collect a debt.
The FCRA regulates how collection agencies and creditors report delinquent debts to credit reporting agencies. Additional consumer protection laws include the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA). The complaint above illustrates how these laws can be extremely effective tools to hold accountable collection agencies who fail to adhere to their provisions.
These laws also provide individuals with a means to seek monetary damages in court. For example, the FDCPA allows consumers who have been violated to recover damages of up to $1,000, plus attorney fees and court costs.
Seek legal assistance to find the relief you may be entitled to if you are having difficulty resolving disputes with a debt collection agency
Your debt harassment checklist:
- You are receiving multiple calls per week from third party collection agencies
- You are receiving early morning or late night calls from debt collectors
- You are receiving calls at work from a debt collection agency
- Debt collectors are calling your friends, neighbors, or coworkers
- Collectors are threatening you with violence, lawsuit, or arrest
- A debt collector attempts to collect more than you owe
- You are being threatened with negative credit reporting
- A debt collector attempts to intimidate you
- Criminal accusations are being made towards you
- Use of obscene language during an attempt to collect
- Automated robocalls are being made to your phone in an attempt to collect
If you’ve been harassed by debt collectors and even one of these has happened to you, we can help. We will fight for your rights.
We can make them STOP!✋
The Lemberg Law legal team is committed to holding debt collectors accountable, so complete our form for a FREE case evaluation, or call 844-685-9200 NOW.
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