What Halsted Financial Services does

Halsted Financial Services, LLC is a privately held debt collection and receivables management agency founded in 2008 and headquartered in Skokie, Illinois, with a regional office in Westminster, Colorado. The company operates a contingency-based debt collection model in which creditor clients — banks, credit card companies, and lenders — place past-due consumer accounts for recovery, and Halsted's agents work with consumers to arrange payment plans, settlements, or discounted lump-sum resolutions. Halsted is licensed to collect in six states (California, Colorado, Illinois, Minnesota, Nevada, and New York including New York City) and holds BBB Accreditation, RMAi Third Party Debt Collector certification (No: C1511-1054), and ACA International membership, with CCO Brian S. Glass, Esq., holding CRCP certification. Its compliance posture under the FDCPA and applicable state regulations is central to its operating model.

The company's core technology stack consists of a consumer-facing online payment portal at pay.halstedfinancial.com offering 24/7 self-service account management and payment processing, an opt-in SMS messaging service for payment reminders operating across four short codes, and a standard website with complaint, dispute, and phone-removal request forms. Distribution occurs through inside-sales call center operations (available 7AM-8PM CST weekdays and Saturday 8AM-5PM), the self-service portal, and traditional mail correspondence. Halsted generates revenue through transaction-based fees paid by creditor clients for successful collection, with settlement discount structures (10-50% off face value) serving as the primary consumer-facing pricing mechanism. The firm employs 11-50 people and has no disclosed institutional investors, parent company, or external funding.

Name

Halsted Financial Services

Legal name

Halsted Financial Services, LLC

Website

https://halstedfinancial.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Halsted Financial Services is a privately held, mid-sized debt collection agency founded in 2008 that recovers past-due consumer accounts on behalf of banks, credit card companies, and lenders across six U.S. states, offering payment plans, settlement discounts, and a 24/7 self-service online payment portal.

Ownership category

akta.pro rank

Product category

Debt Collection / Receivables Management

NAICS

Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Third-Party Collection Agencies (Consumer) (FSAKAJAB)

akta.pro secondary industry

Third-Party Debt Collection Agencies (Consumer & Commercial) (BPAAAEAB)

Keywords

• Debt collection services
• Receivables management
• Consumer debt recovery
• Third party collections
• Payment plan services

Headquarters

HQ city

Skokie

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Debt Collection Services: Halsted Financial Services collects on past-due consumer accounts placed by creditor clients (banks, credit card companies, lenders). The company works with consumers to resolve debts through payment plans, settlements, and flexible options. Revenue is generated through fees paid by creditor clients for successful debt collection, not from consumers directly.
2. Payment Processing: The company processes consumer payments through their online portal, accepting various payment methods including credit/debit cards and bank account transfers. Payments as low as $50 per month are accepted with flexible scheduling options.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Halsted Financial Services is a third-party debt collection and receivables management agency that purchases or accepts placement of past-due consumer accounts from creditor clients (banks, credit card companies, lenders) and works with individual debtors to resolve balances through flexible payment plans, settlement discounts, and installment arrangements. Services are delivered via an in-house call center, a 24/7 online payment portal (pay.halstedfinancial.com), and opt-in SMS notifications, with all activity conducted under FDCPA and state-level collection-agency compliance.

Product overview

Halsted Financial Services is a full-service debt collection and receivables management company offering a unified service model centered on consumer-friendly debt resolution. The core offering consists of debt collection services paired with an online payment portal (pay.halstedfinancial.com) that provides 24/7 self-service account management. Consumers can access flexible payment plans with discount opportunities ranging from 10% to 50% off, payable through one-time or installment arrangements. An optional SMS messaging service delivers payment reminders and account alerts via opt-in text messaging. All services operate under strict compliance with the FDCPA and applicable state regulations.

Differentiator

Problem solved

Functional benefit

Products and services

• Debt Collection / Receivables Management Services Full-service third-party debt collection and receivables management for creditor clients (banks, credit card companies, lenders) that place past-due consumer accounts. The agency contacts consumers on behalf of creditors and works to recover balances through payment plans, settlements, and flexible resolution options in compliance with the FDCPA and applicable state laws.
• Flexible Payment Plans (with Discounted Settlements)
• Online Payment Portal (pay.halstedfinancial.com)
• SMS Messaging Service (Payment Reminders & Account Alerts)

Quantifiable outcome

• Discount opportunities up to 50% off original debt amount for qualifying consumers
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• BBB (Better Business Bureau)coreOthersHalsted Financial Services is BBB Accredited Business based in Skokie, Illinois. This accreditation demonstrates commitment to fair business practices and customer satisfaction standards.
• ACA InternationalminorOthersMember of ACA International, a professional association for the credit and collection industry providing resources, training, and standards for debt collectors.
• RMAi (Receivables Management Association International)coreOthersRMAi certified third party debt collector. RMA Certification No: C1511-1054. Certification demonstrates compliance with industry standards and best practices.
• NMLS (Nationwide Multistate Licensing System)minorOthersListed on NMLS Consumer Access as a licensed collection agency. Nevada Collection Agency NMLS # 1197823. Compliance Manager NMLS # 1197510 / License #: CM11747.
• Colorado Department of CommerceminorOthersLicensed under the name of Halsted Financial Services, LLC by the Colorado Department of Commerce. Local office managed by Colorado Manager, Inc.
• Creditor ClientscoreChannel Partner/ Reseller/ DistributorHalsted Financial Services receives past-due accounts from creditor clients (banks, credit card companies, lenders) for debt collection. This is the primary business relationship that drives their operations.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• GC Services: Large third-party call center and debt collection services provider serving government and commercial clients. Comparable to Halsted in third-party collection services with similar inside-sales call center operational model.
• EOS Solutions: International debt collection services provider with US operations focused on receivables management for financial institutions and consumer debt. Comparable third-party agency model serving similar creditor clients.
• Williams & Fudge: Third-party student loan and consumer debt collection agency with multi-decade operating history. Direct comparable to Halsted as a long-standing third-party debt collector with RMAi certifications and multi-state operations.
• ConServe: US-based debt collection agency focused on student loan, consumer, and commercial debt recovery for creditor clients. Direct comparable to Halsted in third-party consumer debt collection services and target market.
• IC System: Long-established third-party debt collection agency serving banks, credit unions, healthcare, and retail creditors. Highly comparable to Halsted in business model, customer base, and US multi-state debt collection focus.
• Coast Professional: Third-party debt collection agency specializing in student loan and consumer debt recovery. Comparable to Halsted in third-party consumer collections model serving similar creditor clients.
• Transworld Systems: Major third-party debt collection agency offering recovery services across multiple industries including financial services and consumer debt. Direct competitor serving similar creditor clients with similar third-party collection services.
• AllianceOne: Third-party debt collection agency serving banks, credit card issuers, healthcare providers, and government agencies. Comparable to Halsted in third-party consumer receivables management and creditor client base.

Broad incumbents

• Encore Capital Group: Public global specialty finance company and one of the largest debt buyers/collectors in the US. Compares directly to Halsted as a third-party debt collector serving banks and credit card issuers, but at vastly larger scale with international operations.
• PRA Group: Major publicly traded debt buyer and collector acquiring portfolios from banks and consumer creditors. Comparable to Halsted in third-party consumer debt collection focus but operates globally with much larger portfolio volumes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/halstedllc
• LinkedInlinkedin.com/company/halsted-financial-services-llc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halsted Financial Services