What does FINANCIAL RECOVERIES mean on my credit report?

Is FINANCIAL RECOVERIES making an impact credit score?

Updated May 1, 2022

What is FINANCIAL RECOVERIES?

FINANCIAL RECOVERIES is shorthand for FINANCIAL RECOVERIES, with the company name being FINANCIAL RECOVERIES LLC

At Financial Recovereds, we have been able to adapt our programs to meet your specific needs. This commitment to excellence stresses results-oriented performance and responseability to the needs of our clients. By producing high-quality in both these areas, Financial Recoveries contributes to the continuing success of the companies we serve and financial recoveries is in this for the long run.

FINANCIAL RECOVERIES is a Creditor. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with FINANCIAL RECOVERIES.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for FINANCIAL RECOVERIES:

Address:

  • 200 East Park Drive Suite 100 Mount Laurel, NJ 08054

Website:

Email:

Phone:

  • 800-334-8814 856-669-2270

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

FINANCIAL RECOVERIES SmartCredit Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can FINANCIAL RECOVERIES be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.