Security Credit Services, LLC is a privately owned debt buyer in Oxford, Mississippi. It buys charged-off accounts such as credit cards and bank loans, and it says outside partner agencies and law firms usually do the collecting, so its name may appear as the current owner of an old account.
- Type
- Debt buyer
- Also known as
- Security Credit Services, LLC; SCS
- Headquarters
- Oxford, MS
- Collects
- credit cards, bank loans, healthcare accounts, specialty finance accounts
- Phone numbers it lists
- (866) 699-7889
- Website
- securitycreditservicesllc.com
2,461 debt collection complaints were sent to the Consumer Financial Protection Bureau about Security Credit Services, LLC 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 Security Credit Services?
Security Credit Services, LLC (SCS) describes itself as one of the country's leading privately owned receivables purchasing companies. Its website says it has bought more than $30 billion in delinquent and charged-off receivables since 2003, and that it purchases both performing and non-performing accounts. It lists a mailing address of PO Box 1156, Oxford, MS 38655, customer hours of 8:00 a.m. to 5:00 p.m. Central, and NMLS ID 1009856. In a 2013 case, the Federal Trade Commission likewise described SCS as a Mississippi-based debt buyer.
Why Security Credit Services May Be Contacting You
SCS says it buys credit card accounts, healthcare accounts, bank loans and specialty financed accounts, among others. If its name shows up on a letter, a credit report or a lawsuit, the usual explanation is that a lender or provider charged off your account and later sold it to SCS.
An important detail: SCS's consumer page says it does not itself contact consumers to collect. Instead, a network of partner agencies and law firms handles collection and payment plans for the accounts it owns. So you may hear first from an unfamiliar collection agency or law firm that names SCS as the creditor. SCS says you can call it at (866) 699-7889 to confirm which partner has your account before you pay.
How to Check a Debt Security Credit Services Says You Owe
With a purchased account handled by a partner, there are two questions: is this your old account, and is the company asking for payment really authorized to collect it?
- Look for the validation notice. Whichever collector contacts you should provide a notice naming SCS as the current creditor, identifying the original creditor and itemizing the balance (15 U.S.C. § 1692g; 12 C.F.R. § 1006.34).
- Dispute in writing before the deadline. Send your dispute to the collector named on the notice within the validation period. Ask for the original creditor's name and account number, the charge-off balance and proof of the sale to SCS.
- Confirm the chain. Because SCS uses partners, call SCS at its published number to confirm the collector is authorized. Paying the wrong company may not credit your account.
- Match the numbers. Compare the charge-off amount with your last statement from the bank or provider. For a healthcare account, look for insurance payments that were never applied.
- Check the time limit. Texas usually allows four years to sue on a consumer debt (Tex. Civ. Prac. & Rem. Code § 16.004), and as a debt buyer, SCS may not sue on time-barred consumer debt in Texas (Tex. Fin. Code § 392.307). Other states use different periods.
What Security Credit Services Can and Can't Do
A debt buyer can be a "debt collector" under the FDCPA if its principal purpose is collecting debts, even debts it owns (15 U.S.C. § 1692a(6); Henson v. Santander Consumer USA Inc., 582 U.S. 79 (2017)). Whether that test is met can depend on facts about the buyer's business, but the agencies and law firms it hires are debt collectors in their own right. Either way:
- No one collecting the account may charge a fee the law or your original agreement does not allow, including a "convenience" fee for paying by phone (15 U.S.C. § 1692f(1)).
- A collector may not threaten a lawsuit it does not intend to file.
- If a partner calls, the Regulation F presumption of no more than seven calls in seven days about one debt applies (12 C.F.R. § 1006.14(b)(2)).
- A judgment on a credit card or loan account does not allow wage garnishment in Texas for ordinary consumer debt.
In 2013, SCS and a collection law firm it used settled an FTC case about phone-payment fees and lawsuit threats; the FTC said the order was not an admission of a violation. If a collector working an SCS account treated you unfairly, see our Texas FDCPA attorneys page.
Government Actions on the Public Record
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 Security Credit 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
- Security Credit Services: home page
- Security Credit Services: About
- Security Credit Services: Consumer resources
- FTC press release: settlement with Security Credit Services and Jacob Law Group (2013)
- CFPB Consumer Complaint Database: Security Credit Services, LLC, debt collection
This profile is general information compiled from public sources, not legal advice, and it does not state or imply that Security Credit Services has violated any law. Company details change; tell us if something here is out of date. Lea este perfil en español.