Financial Asset Management Systems, Inc. Federal Student Loan Complaints

Review and analysis of over 20 Federal Student Loan complaints against Financial Asset Management Systems, Inc.

Financial Asset Management Systems, Inc. consumers have reported over 20 official complaints related to Federal student loan. Out of the 20 consumer complaints against Financial Asset Management Systems, Inc., 20% were disputed by the consumer (i.e. the consumer was not happy with how Financial Asset Management Systems, Inc. responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against Financial Asset Management Systems, Inc. resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 5% resulted in non-monetary compensation.

Get Help

Get personal financial help today. Free tools, resources, and support you need.

Help Me

File a complaint

Submit a complaint with the Consumer Financial Protection Bureau today

File Complaint

Stop Phone Calls

Stop harassing phone calls, know your rights and what you can do to stop them

Stop Calls

New Federal Student Loan Consumer Complaints


Financial Asset Management Systems, Inc. Debt collection improper contact or sharing of info contacted employer after asked not to

February 10, 2017 - Financial Asset Management Systems sent the attached letter to the payroll department of my employer. The letter included information regarding intent to garnish my wages, and the amount of the debt FAMS is seeking to collect. They allege the debt results from a defaulted student loan, but all of my student loans were consolidated and are in good standing. I have no defaults on any loan of any type on my credit history. FAMS has never made contact with me about this debt, the only contact I 've ever had with them is via the impermissible letter they sent my employer. The letter has caused me...

Read more

Financial Asset Management Systems, Inc. Debt collection communication tactics frequent or repeated calls

August 24, 2016 - I asked repeatedly for them to not call me at work gave them my cell and they still kept calling putting my job in jeopardy...

Read more

Financial Asset Management Systems, Inc. Debt collection disclosure verification of debt right to dispute notice not received

June 14, 2015 - Over a period of a year the following occurred: Dishonestly told me they could not establish a payment plan unless I made a down payment and committed to a monthly payment I couldn't afford. Threatened that if I didn't begin. Along these payments they would garnish my wages. Omitted multiple requests to change my address, leading to never receiving ability to dispute an administrative wage garnishment. Placed administrative wage garnishment while not allowing my fair right to dispute. Despite their unlawful methods of implementing my garnishment, I attempted to set up loan rehab and on -) ...

Read more

Financial Asset Management Systems, Inc. Debt collection improper contact or sharing of info talked to a third party about my debt

May 24, 2015 - I asked for a validation of the alleged debt this was back in - and they have yet to comply. They have defaulted on my Administrative process, I sent a cease and desist letter, they then sent all correspondence to a third party which is an attorney. But they have not validated the alleged debt, and this attorney and I do not have a contract, he is not licensed in my state of -, he is in -. I have all letters that they sent me as well as the attorney. I have a copyright for the name in -. ...

Read more

Financial Asset Management Systems, Inc. Debt collection communication tactics frequent or repeated calls

April 23, 2015 - My day began here at work on Tuesday - -, 2015. I got a call where I work not sure at what time exactly but it was an early part of my day. The receptionist contacted me and said it was an emergency call with urgency, making me think - of my family members were in trouble or something. I get to a phone to take the call and it was a solicitor debt collection agency contacting me about my matter. I went over details with them to acknowledge my debt and all. After I concluded with them all while I 'm still at work. They follow up with me next day the - and I 'm at work busy but they j...

Read more