LTD Financial Services, L.P. is a debt collector. This is an attempt to collect a debt. Any information obtained will be used for that purpose.

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FAQ

No one plans to have his or her debt turned over for collection. So, we realize you may not know what happens to your account or the best way to handle the situation.

We’ve put together answers to the most common questions we’re asked. If you still have questions about your account, or just prefer to speak with a person, we encourage you to call us.

Contact Information

Phone
1.800.741.2100
Fax
1.713.414.2126
Address
LTD Financial Services, LP
7322 Southwest Freeway Suite 1600
Houston, TX 77074

Can I Setup Payments?

Our agents are here to help you resolve your account in a way that is best for you and our client (the creditor). In many cases the best solution is to set up periodic payments. The best arrangement is to pay the account in full as soon as possible. We may have some ideas you didn’t consider to help you find the money.

Can I Settle For Less Than I Owe?

Different creditors have different guidelines for accepting settlements but most will allow us to accept less than the full balance with certain restrictions. If you are considering accepting a settlement offer or making an offer to settle an account there are things you should know:

a. IRS requires certain amounts that are discharged as a result of the cancellation of debt to be reported on a Form 1099-C. You will receive a copy of the Form 1099-C if one is required to be filed with the IRS.

b. There may be other disclosures we are required to provide to you that may affect your decision to settle your account(s). Please contact our office to learn more about your options and the restrictions that may apply.

What Information Will I Need?

For security purposes we may ask you to provide us with your name, address, and either the last four numbers of your social security number or your date of birth. We may require the full account number from your original creditor or the reference number we assigned your account. By verifying your identity you help us to ensure your information is kept private and secure.

Are You Reporting My Account To A Credit Bureau?

That depends on our client. For the most part we do not report accounts to the credit bureau(s) on behalf of our clients. Sometimes, this is because your account may still be with your creditor. Your creditor may have hired us merely for assistance in collecting. This is our area of expertise.

Will You Update My Credit Bureau?

If we are reporting your account to a credit bureau, we will update the credit bureau as required by the Fair Credit Reporting Act. Keep in mind, if this account appears on your credit report, it’s typically placed there and updated by your creditor. We encourage you to call us and discuss the account. Or contact your creditor directly if you have a dispute.

How Do I Dispute This Debt?

Different creditors have different processes for handling disputes. Those processes may vary based on the nature of your dispute. We encourage you to contact us to explain the situation. We will ask you to provide the information your creditor needs to investigate the dispute and then provide the necessary information to your creditor or put you in touch with your creditor.

Did You Purchase This Debt?

No. We don’t purchase accounts. Most likely, your account is still with your creditor, although we also work for companies that buy debt. We are hired for our expertise in collecting debt. We’re known for our ability to work with you and resolve financial problems.

FAQ