Cedars Business Services, LLC, a third-party debt collection agency, is also known as Cedar Financial. Cedar Financial is a specialist in international and domestic collections of debt in education, healthcare and retail. Cedar Financial was established in 1991. It is located in Calabasas in California.
Cedar Financial claims that it takes a consumer-centered approach when collecting debts. However, consumer complaints to the Consumer Financial Protection Bureau show a very different picture. The CFPB, a government agency, is charged with protecting consumers against unfair, deceptive and abusive debt collection practices. Cedar Financial's illegal debt collection practices have attracted more than 100 complaints to the CFPB.
Financial is accused of the following illegal debt collection practices, according to consumers:
Collecting a debt not owed by the consumer.
Inappropriately discussing the consumer's debt with another party
Threatening legal action if payment isn't made
Continue to contact consumers even after being asked to stop communication.
Refusal to provide proof or validation of a debt