Updated on February 19th, 2025 Author: stopcollections | Editor: stopcollections

Consumer Complaints Against Halsted Financial Services, LLC

Disclaimer: The following content is a summary of complaints submitted to the Consumer Financial Protection Bureau (CFPB) by consumers. The information provided is intended to inform and educate consumers about potential issues and experiences reported with the mentioned entity. 

Recent complaints submitted to the Consumer Financial Protection Bureau (CFPB) highlight troubling patterns of behavior by Halsted Financial Services, LLC—raising significant concerns about their compliance with federal debt collection laws. This article aims to educate consumers on these issues and provide actionable steps to protect their rights under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).

Key Complaints Reported by Consumers 

Failure to Provide Validation Information

One of the most common complaints involves Halsted Financial’s failure to provide validation information upon request. Consumers have reported that despite requesting documentation to verify the legitimacy of their alleged debts, the agency often fails to comply. This lack of transparency leaves individuals uncertain about their financial obligations and vulnerable to potential errors or fraud.

Your Rights Under the FDCPA

• You have the right to request a written validation of the debt within 30 days of initial communication.
• Debt collectors are legally required to provide details such as the amount owed, the name of the creditor, and verification of the debt.

What To Do

• Submit your request for debt validation in writing.
• If Halsted Financial fails to respond, file a complaint with the CFPB or contact an attorney experienced in consumer protection.

Take Action

If you’re facing a similar situation, consult a legal expert to ensure your rights are upheld and to explore additional steps to resolve this issue.

Unauthorized Communication with Family Members

Many consumers also reported that Halsted Financial contacted family members about their alleged debts. These unauthorized disclosures violate privacy and often result in additional stress for individuals and their loved ones.

Your Rights Under the FDCPA

• Debt collectors can only contact third parties to obtain your contact details—not to discuss the debt.
• They are prohibited from disclosing the nature of the debt to anyone other than you or your attorney.

What To Do

• Document instances of unauthorized communication.
• Send a cease-and-desist letter to stop further breaches of privacy.

Take Action

If this has occurred to you, reach out to a qualified attorney to discuss potential legal action for privacy violations.

False and Misleading Practices

Consumers have alleged that representatives from Halsted Financial engage in deceptive practices, including failing to identify themselves as debt collectors and misrepresenting the nature of their calls. Such behavior is not only unethical but also a clear violation of the FDCPA.

Your Rights Under the FDCPA

• Debt collectors must identify themselves and notify you that they are attempting to collect a debt.
• Misrepresentation of the debt amount, legal consequences, or their identity is strictly prohibited.

What To Do

• Record details of all calls, including the representative’s name and statements made.
• File complaints with the CFPB and the Federal Trade Commission (FTC).

Take Action

If you’ve experienced false or misleading communication, connect with a legal expert to understand how to report and address the violation.

Failure to Update Credit Report After Payment

Several consumers stated that Halsted Financial failed to update their credit reports, even after debts were fully paid or settled. This oversight continues to negatively impact credit scores long after debts have been resolved.

Your Rights Under the FCRA

• Credit reporting agencies and creditors have an obligation to ensure your credit report is accurate.
• Once a debt is settled, the payment status must be updated accordingly on your credit reports.

What To Do

• Request a copy of your credit report to check for errors.
• Dispute inaccuracies with the credit bureau and provide evidence of the settled debt.

Take Action

If outdated debt information is damaging your credit, seek legal advice on how to compel agencies to correct your records.

Repeated Harassing Communication

Another frequent complaint involves relentless calls, texts, and emails, even after consumers have explicitly requested that communication cease. This type of persistent harassment raises serious concerns about compliance with the FDCPA.

Your Rights Under the FDCPA

• You have the right to request that a debt collector stop contacting you, except to confirm receipt of your request or notify you of legal action.
• Harassing or abusive communication (including excessive calls or threats) is strictly prohibited.

What To Do

• Keep a log of every instance of communication, including dates, times, and any messages.
• Send a written demand to cease communication and report continued harassment to the CFPB or FTC.

Take Action

If you’re experiencing harassment from Halsted Financial, consult an attorney to review your case and take legal action if necessary.

Free Legal Assistance for Victims of Debt Collector Violations

If you’re facing similar issues with Halsted Financial Services, it’s crucial to know your rights and act quickly. You don’t have to deal with these violations alone.

How To Get Free Legal Assistance 

• Step 1: Reach out to our legal experts for a free consultation. 
• Step 2: Share your experience, and we’ll help assess whether your rights under the FDCPA or FCRA have been violated. 
• Step 3: If applicable, we’ll guide you through the process of filing a claim and stopping illegal collection practices.

Our legal experts specialize in protecting consumers like you from unfair debt collection practices. Take control of your situation today and assert your legal rights.

Contact us now for your FREE consultation and stop unfair debt collection practices in their tracks!

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