Square Two Financial Corporation Collection Complaints. Stop the calls

Many consumers bring up complaints about harassing collection calls

Square Two Financial Corporation is a debt buyer which receives a lot of consumer complaints to our law firm for debt harassment. Find out who they are, why they might be calling, and how you can stop them.

What is Square Two Financial Corporation?

Square Two’s headquarters is located in Denver, CO.  The BBB also lists an address in Centennial, CO. Their branch offices are located throughout the Midwest and the East Coast. The BBB indicates Square Two was founded locally in 1994, with BBB’s file opened two years later. Buzzfile lists Square Two’s founding date as 2005, with an annual revenue estimated at $2.1 million and a staff of 135.  On March 19, 2017, Square Two Financial filed for Chapter 11 bankruptcy in the Southern District of New York. A notice is posted on their BBB profile.

Square Two is not a collection agency.  They describe themselves as “a participant in the $100 billion asset recovery and management industry.” Once they have purchased consumer or commercial debt from lenders or retailers, their primary focus is to “help customers resolve their outstanding financial commitments fairly and respectfully” by placing them for collection with one of their “branch offices.”

Square Two’s website lists twelve branch offices: Brown Law; First Step Group; Mandarich Law; Cambece Law; Fresh View Solutions; Neuheisel Law; Enerson Law; Grossman Law; Overcash Law; Federated Law; Lowery Law; and Taylor Law. As of August 2017, the websites for Taylor Law, Neuheisel Law, Lowery Law, and Brown Law are not active. Fresh View Solutions has been Square Two Financial’s main collection agent, but according to the BBB, in June 2017 Fresh View also filed for Chapter 11 bankruptcy and as of August 2017 is officially out of business.

Have questions? Call us now at 844-685-9200 for a Free Case Evaluation.

Our services are absolutely FREE to you.

The harassing company pays our fees.

Complaints against Square Two Financial Corporation, et al.

The Better Business Bureau lists only 4 complaints against Square Two in the past three years, with no complaints in the past 12 months. Because Square Two is a passive debt buyer that outsources collection activity, they do not receive many complaints directly from consumers. The BBB has given them an A+ rating. The BBB lists 9 complaints against Fresh View Solutions in the past three years, with 3 closed in the past 12 months. Most of these complaints allege violations of FDCPA provisions prohibiting harassment and abusive collection practices. Although Fresh View is out of business, the BBB complaint link for this company is still active. Justia lists at least 9 cases of civil litigation filed in federal court naming Square Two as a defendant.

Contact Information

Square Two Financial Corporation
PO Box 5980
Denver, CO 80217-5980
Telephone: 877-304-0146

Sample Case against Square Two Financial Corporation

Square Two is a debt buyer, not a collection agency, so it is difficult to find cases about FDCPA or Fair Credit Reporting Act (FCRA) violations naming Square Two as a defendant. However, one case in particular is useful in illustrating the role this organization plays in the debt collection industry. In 2015, in United States District Court, Southern District of Indiana, Indianapolis Division, 4 plaintiffs jointly filed a civil suit against several credit-granting and other financial services firms including Square Two Financial. This case is very complex, but the central charge alleges deceptive collection practices. Essentially, the plaintiffs argue that major banks like HSBC offer credit through a variety of retailers. Customers who sign up for credit programs may not understand that they are signing a loan with a major financial firm. These firms often sell credit accounts—whether delinquent or not—to other financial organizations like Square Two. These transactions occur without the knowledge of the consumers; thus, when loan servicing or collection activity is transferred to a new financial services management company, the new company may hold the consumers accountable to legal agreements to which the consumers never directly agreed or assented. This wide-reaching case alleges violations of the FDCPA including attempting to collect a debt without a license; attempting to collect a debt not owned by the collection agency; common law fraud; and violations of the Racketeer Influence and Corrupt Organizations (RICO) Act.

Understanding Your Debt Collection Rights

Federal agencies like the Federal Trade Commission enforce laws that protect consumers from collection agencies who engage in unethical business practices. For example, the Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA) restrict and regulate how collection agencies can conduct business. The FCRA’s regulations are focused on how collection agencies and creditors report delinquent debts to credit reporting agencies. It also provides consumers with certain rights regarding access to their financial information, such as requesting free copies of their reports or requesting changes to information on their reports. The FDCPA prohibits collection activity like the use of abusive or threatening language; using false or misleading information; or making an excessive number of telephone calls to the same person. The case above illustrates how collection agencies and their affiliates who violate these regulations can be held legally accountable.

Both of these laws also provide individuals with a means to seek damages in court. For example, the FDCPA allows consumers who have been violated to recover monetary damages of up to $1,000, plus attorney fees and court costs. Consider seeking assistance if you are concerned that a collections agent has violated your rights as a consumer.

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.

What Our Clients are Saying

“I was almost going nuts receiving calls every afternoon from a person using profane language to push me to pay debts I don’t owe. Someone I trust referred me to Lemberg Law, and I don’t regret having contacted them. The attorneys were very kind and always available when I needed them.”

“Thank you for standing with me Lemberg Law. I was so afraid I could lose my job because of a caller who called my job number 4 hours straight back to back. He not only harassed and threatened me but also abused workmates who received the call when I wasn’t around. Since I solicited for your services, I’ve had a peace of mind, and I’m happy because of the few dollars I got as a settlement.”

“I just called in to thank you for the incredible help you offered to my sickly father who was bothered with frequent calls from scammers. At a point, he just wanted to pay them to get rid of all the annoyance, but because of Lemberg Law’s assistance, he got free help, and the bothering calls ended immediately.”

Can You Help Me Delete Square Two Financial Corporation from My Credit Report?

Chances are we can. Call us to today and we’ll tell you how we can help.

Sound Off!

Have you had a bad experience with this agency’s debt collectors? Sound off and share your experience with other visitors in the comment box below.


Leave a Reply or Comment

Write a comment below to share online. Or, instead can to our legal team.
Phone & email are required but will not be published.

Briefly describe the problem Briefly describe the problem

What’s your name? What’s your name?

What’s your phone number? What’s your phone number?