Debt collection calls from LTD Financial Services can turn from inconvenient to overwhelming fast. If their calls have crossed into harassment, federal law gives you real protections. The Wood Firm PLLC can help you understand and use them.
Key Takeaways
- LTD Financial Services is a legitimate, Houston-based debt collector founded in 1993.
- The FTC fined the company $1.375 million in 2007 for FDCPA and FTC Act violations.
- Multiple 2017-2018 class actions accused LTD of misleading collection letters.
- You can demand written debt validation and send a cease and desist letter.
Free Case Review: +1-844-638-1122
Who Is LTD Financial Services?
LTD Financial Services, LP is a legitimate third-party debt collector, not a scam operation. Founded in Texas in 1993, the company is headquartered at 5800 N Course Dr., Houston, TX. It collects credit card, medical, and student loan debt for creditors like Citibank, Chase, and Discover.
The company processes more than one million accounts a year and has been BBB-accredited since 1995. Further background is available from the Cardoza Law Corporation and Goldenberg Firm’s collector directory.
Being a legitimate, registered agency doesn’t exempt LTD from federal collection law. Consumer complaint platforms like WalletHub document a recurring pattern of aggressive tactics.
Has LTD Financial Services Been Sued Before?
Yes. LTD has drawn a federal penalty and multiple class actions over its collection practices.
In 2007, the FTC fined LTD $1.375 million and entered a consent decree in the Southern District of Texas. The FTC’s case record cites harassing calls and misleading practices under the FDCPA and FTC Act.
Tarazon v. LTD Financial Services, LP is a 2018 suit alleging LTD’s “will not sue” letters hid that debts were time-barred. The letters implied a voluntary courtesy rather than a legal limit.
Additional Class Actions Against LTD
- Olson v. LTD Financial Services, LP (2017): alleged false settlement deadlines used to pressure quick payment
- Winehouse v. LTD Financial Services, LP (2017): alleged anonymous voicemails without required collector disclosure
- Stern v. LTD Financial Services, LP (2017): alleged notices failed to state if the balance could grow
- Weiss v. LTD Financial Services, LP (2018): alleged deceptive settlement-offer deadlines
Selwyn v. LTD Financial Services, LP (2018) alleged a notice listed conflicting addresses, confusing consumers on where to send a dispute. Vedernikov v. LTD Financial Services, LP (2018) challenged whether letters clearly explained that a dispute must be submitted in writing.
A filing alone does not prove a court found LTD liable. You can browse further filings on the ClassAction.org case archive.
What Counts as LTD Financial Services Harassment?
Not every collection call is harassment, but certain tactics cross a legal line. Federal law limits how and when LTD can contact you.
- Calling before 8 a.m. or after 9 p.m. in your time zone
- Making repeated calls intended to annoy or intimidate
- Using obscene, profane, or abusive language
- Threatening arrest or legal action without a proper basis
- Misrepresenting the debt amount or your legal obligations
- Continuing to call after a written stop request
- Discussing your debt with family, friends, or coworkers
- Using automated dialing systems on your cell phone without consent
Documenting each incident creates a record that strengthens a complaint or legal claim.
Your Rights Under the FDCPA and TCPA
The FDCPA and TCPA give you specific, enforceable protections. Understanding them helps you respond effectively when a collector oversteps.
- Request written debt validation within 30 days of first contact
- Dispute inaccurate information and require the collector to verify it
- Send a written cease and desist demand
- Sue for FDCPA violations for up to $1,000 in statutory damages
- Revoke consent for automated calls to your cell phone at any time
- Recover $500 to $1,500 per illegal TCPA call
Exercising these rights won’t erase the debt. It can stop the harassment and may reveal the debt is invalid.
Recognizing an LTD Financial Services Scam
LTD is a legitimate agency, but scammers sometimes impersonate real debt collectors. Knowing the warning signs protects you from both harassment and fraud.
- Demanding payment by wire transfer, gift cards, or cryptocurrency
- Threatening arrest or criminal charges over unpaid debt
- Refusing to provide written debt validation
- Unable or unwilling to verify their identity or affiliation
- Pressuring you for Social Security or bank details by phone
If something feels wrong, hang up. Call LTD directly using a number you find independently to confirm the contact was genuine, as advised by Consumer Law Firm Center.
How to Stop LTD Financial Services Calls
Write down every call, including the date, time, caller name, and what was said. Save voicemails and screenshot call logs, since this becomes evidence for a complaint or claim.
Send a cease and desist letter by certified mail with return receipt. Once received, LTD may only contact you to confirm they’re stopping or to notify you of specific legal action.
If you haven’t already, request debt validation in writing. If LTD cannot prove the debt is yours, it must stop collection activity.
What The Wood Firm PLLC Can Do About LTD
Our attorneys review your call logs, letters, and notices for FDCPA and TCPA violations. In our practice, an attorney’s cease and desist letter often stops contact within days.
We handle these cases on contingency, so you generally owe no fees unless we recover compensation. If we win, LTD typically pays your attorney fees on top of any damages.
Call The Wood Firm PLLC at +1-844-638-1122 for a free case review.
Reporting LTD Financial Services to the CFPB
Filing a CFPB complaint creates an official record and may prompt regulatory review. Choose “Debt collection” as your issue and include specific dates, numbers, and representative names.
LTD must respond to a CFPB complaint within 15 days. The CFPB doesn’t award damages directly, but your complaint can feed future enforcement action.
Frequently Asked Questions
How many times can LTD legally call me per day?
The FDCPA sets no exact number, but repeated calls meant to annoy or harass violate the law. Document each call if the pattern continues.
Can LTD contact my employer about my debt?
Yes, but only to locate you. They cannot discuss the debt itself with anyone but you, your spouse, or your attorney.
Can LTD garnish my wages without suing me first?
No, wage garnishment requires a court judgment. A threat of garnishment without a lawsuit and judgment may be a false threat under the FDCPA.
Will a CFPB complaint stop the calls?
Not automatically. A cease and desist letter or attorney involvement typically stops contact faster than a regulatory complaint alone.
Can I sue if LTD called my cell phone without permission?
Yes, if they used an automated dialer or left a prerecorded message without consent. TCPA claims can be worth $500 to $1,500 per call.
Take Action Against LTD Financial Services Harassment
You don’t have to accept ongoing harassment from LTD Financial Services. Document the calls, assert your rights in writing, and get an experienced attorney involved when needed.
Call The Wood Firm PLLC at +1-844-638-1122 for a free case evaluation.
Jeff Wood represents consumers exclusively, never creditors or collectors. He holds federal court admissions across 9 districts, including all courts of AR, CO, NM, and TX. He practices from Little Rock, AR.
