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JCS LLC sent account to Commonwealth Financial Systems Inc

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JCS LLC sent account to Commonwealth Financial Systems Inc

It looks like JCS may have sent my account to Commonwealth Financial Systems Inc.

The letter states:

Please be advised that your account has been placed with Commonwealth Financial Systems by Jefferson Capital Systems LLC, to purchase a of the above reference account.

We are offering a 50% discount to resolve this account for less than the full amount due.

The legal time limit (statue of limitations) for suing to collect this debt has expired.

Do anyone know about this collection agency, are they legit? Do anyone know if they accept PFD, I want this off my reports/records.

Can anyone please HELP!

Starting Score: 525
Current Score:EX 652 TU 663 EQ 644
Goal Score: 750


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Message 1 of 6
5 REPLIES 5
Moderator

Re: Jefferson Capital Systems LLC sent account to Commonwealth Financial Systems Inc


@ReEducationOfAnEgoiste wrote:
It looks like JCS may have sent my account to Commonwealth Financial Systems Inc.

The letter states:

Please be advised that your account has been placed with Commonwealth financial systems by Jefferson capital systems LLC, to purchase a of the above reference account.
We are offering a 50% discount to resolve this account for less than the full amount due.
The legal time limit (statue of limitations) for suing to collect this debt has expired.

Do anyone know about this collection agency, are they legit? Do anyone know if they accept PFD, I want this off my reports/records.
Can anyone please HELP!

Both of these are legit. JCS is a junk debt buyer and Commonwealth a CA. You want to offer the PFD to whomever is reporting on your CR. Another thing to consider is how much longer it has to run on your CR before it cannot be reported anymore as it can be settled for even less after it passes CRTP too.

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Message 2 of 6
Established Member

Re: Jefferson Capital Systems LLC sent account to Commonwealth Financial Systems Inc

Jefferson Capital states on their website they will delete after PIF or settlement agreement is paid.

Message 3 of 6

Re: Jefferson Capital Systems LLC sent account to Commonwealth Financial Systems Inc

Thank you for the information, but what I need to know is do Commonwealth Financial Systems take PFDs.

Starting Score: 525
Current Score:EX 652 TU 663 EQ 644
Goal Score: 750


Take the myFICO Fitness Challenge








Message 4 of 6
Established Contributor

Re: Jefferson Capital Systems LLC sent account to Commonwealth Financial Systems Inc

I would try that way if anyone else has them you would help them know it. It never hurts to try.






Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


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Message 5 of 6

Re: Jefferson Capital Systems LLC sent account to Commonwealth Financial Systems Inc

Yes, I agree that I should try and see what happens.

Starting Score: 525
Current Score:EX 652 TU 663 EQ 644
Goal Score: 750


Take the myFICO Fitness Challenge








Message 6 of 6
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