LCS Financial Services Corporation is a Colorado collection agency that works on charged-off and high-balance loan accounts for lenders and credit unions. A contact from it usually concerns a loan the original lender has already written off.
- Type
- Collection agency
- Also known as
- LCS Financial Services Corporation; LCS
- Headquarters
- Greenwood Village, CO
- Collects
- charged-off mortgage balances, auto loan deficiencies, student loans, credit union loans
- Phone numbers it lists
- (866) 662-9087
- Website
- lcsfin.com
35 debt collection complaints were sent to the Consumer Financial Protection Bureau about LCS FINANCIAL SERVICES CORPORATION from November 13, 2023 to November 12, 2026. A complaint is a consumer's account, not a finding that the company broke the law. Read the complaints in the CFPB database.
Who Is LCS Financial Services?
LCS Financial Services Corporation is a collection agency whose physical office is at 6400 S. Fiddlers Green Circle, Suite 300, Greenwood Village, Colorado, with a mailing address in Englewood. Its website describes about 30 years of experience in "high-balance debt recovery" and calls the company a full-service collection agency able to manage high-volume portfolios for financial institutions.
A 2011 industry announcement described LCS as an affiliate of LCS Receivables Management, LLC and as a firm focused on post-charge-off recoveries for the financial services sector, with services including collections, bankruptcy work, asset searches and skip tracing. That same announcement named Leo C. Stawiarski, Jr. as president and CEO at the time.
Why LCS Financial Services May Be Contacting You
The LCS website lists its solution areas as mortgage recovery, collection solutions, bankruptcy services, a legal referral program, credit unions, student loans and auto finance. Put together, a letter from LCS most often relates to a sizable loan balance: a second mortgage or home equity line left unpaid after a foreclosure or short sale, the deficiency remaining after a vehicle was repossessed and sold, a private student loan, or a charged-off credit union loan.
The company's office line is (866) 662-9087, and it lists hours of 7:00 a.m. to 6:00 p.m. Mountain time on weekdays.
How to Check a Debt LCS Financial Services Says You Owe
Charged-off loan balances can be old, large and hard to reconstruct. Take these steps before paying or agreeing to a plan:
- Study the validation notice. The FDCPA and Regulation F require it to name the creditor and itemize interest, fees, payments and credits since a reference date (15 U.S.C. § 1692g; 12 C.F.R. § 1006.34).
- Dispute in writing within the validation period. Ask for the loan agreement, the payment history and, for a deficiency, the notice of sale and how the sale price was applied.
- Find out who owns the loan. With charged-off mortgages and auto loans, ownership can change. You are entitled to know the current owner.
- Check for discharge or settlement. If the debt was discharged in bankruptcy or settled with the lender, gather the paperwork. Collection on a discharged debt is a serious problem.
- Look at the dates. In Texas, suits on most debts must be filed within four years (Tex. Civ. Prac. & Rem. Code § 16.004), and debt buyers may not sue on time-barred consumer debt (Tex. Fin. Code § 392.307). Different rules can apply to mortgage-related debt and to other states.
What LCS Financial Services Can and Can't Do
A third-party agency collecting consumer loans for lenders is a "debt collector" under 15 U.S.C. § 1692a(6). For the kinds of accounts LCS handles:
- It may not misstate the amount or legal status of a deficiency or charged-off mortgage balance (15 U.S.C. § 1692e(2)).
- It may not collect add-on fees or interest your loan contract or the law does not allow (15 U.S.C. § 1692f(1)).
- It may not threaten foreclosure, repossession or a lawsuit that is not actually intended or legally available. Texas also bars wage garnishment for ordinary consumer debts.
- For time-barred mortgage debt, see our note on the CFPB's time-barred mortgage debt advisory opinion.
We did not find a CFPB enforcement action against LCS Financial Services. If you have questions about how it is collecting, our Texas FDCPA attorneys page explains what we look at.
We Sue Debt Collectors That Break the FDCPA
Texas Debt Law files Fair Debt Collection Practices Act lawsuits against debt collectors in federal court for consumers in Texas, California, Illinois, Georgia and Colorado. If LCS Financial Services or anyone collecting for it harassed you, misstated what you owe, threatened action it could not take, or told others about your debt, you may have a claim. A court can order a collector that violated the FDCPA to pay your actual damages, up to $1,000 in additional statutory damages, and your attorney's fees and costs (15 U.S.C. § 1692k(a)). An FDCPA claim generally must be filed within one year of the violation (§ 1692k(d)), so keep your letters, call logs, voicemails and screenshots, and talk to us early. Texas residents may also have claims under the Texas Debt Collection Act. Learn more from our FDCPA attorneys.
Free FDCPA Case Review(214) 851-2250
Or start your free case evaluation online. No lawyer can promise a result; every claim depends on its facts and proof.
Sources
- LCS Financial Services: home page
- LCS Financial Services: About
- LCS Financial Services: Contact
- insideARM: LCS Financial Services achieves ISO/IEC 27001 certification (2011)
- CFPB enforcement actions list
- CFPB Consumer Complaint Database: LCS FINANCIAL SERVICES CORPORATION, debt collection
This profile is general information compiled from public sources, not legal advice, and it does not state or imply that LCS Financial Services has violated any law. Company details change; tell us if something here is out of date.