Have you come across the name Jefferson Capital Systems on your credit report or in your recent calls?
One forgotten bill can put you on Jefferson Capital Systems’ list, doing damage to your credit score for several years if it’s left unresolved.
Fortunately, getting Jefferson removed from your credit report can be done simply with a few strategic moves and professional resources.
Read on to learn about how Jefferson Capital Systems works and what you can do to improve your credit score after a collections account has been placed on your report.
Table of Contents:
- What is Jefferson Capital Systmes LLC
- How Does Jefferson Capital Systems Work
- Steps To Remove Jefferson Capital Systems from Your Credit Report
- Dealing with Jefferson Capital Systems
What Is Jefferson Capital Systems LLC?
Whenever a company calls you repeatedly asking for payments, you probably wonder whether or not it is a scam.
Jefferson Capital Systems is a legitimate debt collection agency that buys debts from service providers.
Jefferson has been purchasing and collecting debts since 2002. Headquartered in Saint Cloud, Minnesota, the agency earned more than $30 million in 2019.
Jefferson Capital Systems can appear under several names on your credit report, including:
- Jefferson capital llc
- Jefferson capital sy
- Jefferson capital syst
- Jefferson capital systems
- Jefferson capital systems verizon
- Jefferson collection
The small agency collects on debt from service providers in several industries, as well as bankruptcy debt.
How Does Jefferson Capital Systems Work?
When companies are unable to collect on unpaid bills, they often sell the rights to the debts to third-party debt collection agencies like Jefferson Capital Systems at low rates.
So if Jefferson is listed on your credit profile as a collections account, it’s probably for a bill that was never paid.
Once Jefferson owns a debt, its staff members can call, message, and send letters to you until you agree to make a payment.
The debt is also placed on your credit report, where it could stay for as long as seven years.
3 Ways to Remove Jefferson Capital Systems from Your Credit Report
There are a few different ways to handle Jefferson Capital Systems.
With the steps below, you can get Jefferson removed from your credit report quickly and start to see improvements to your score.
Whether Jefferson is claiming you owe a debt that doesn’t exist, or you forgot to pay your cable bill, here are a few surefire strategies to remedy the situation:
- Write Jefferson Capital Systems a debt validation letter
- Make a partial payment
- Seek help from a credit repair company
1. Write Jefferson Capital Systems LLC a Debt Validation Letter
When a debt collection account is placed on your credit report, you have 30 days to dispute the claim.
Thanks to the Fair Debt Collection Practices Act, you have every right to submit a debt validation letter to Jefferson Capital Systems.
Unless Jefferson has adequate documentation to prove you owe the debt they’re trying to collect, they’ll be forced to remove the collections account from your credit report.
Whether you truly owe Jefferson or not, it’s likely that the agency doesn’t have the proof they need to validate your debt as they purchased it from another company.
Since you only have 30 days, it’s crucial to write Jefferson Capital Systems ASAP when the agency contacts you or comes up on your credit report.
2. Negotiate a Partial Payment on Your Account
If you didn’t make the 30-day cutoff or Jefferson responds to your debt validation request, you should consider making a payment to satisfy Jefferson’s requirements.
Agencies like Jefferson are able to buy debts at low costs, so they’re usually willing to accept payments that are below the amount owed.
For instance, you might be able to settle a $150 phone bill with a $75 payment.
You should be sure to negotiate with Jefferson Capital Systems in letter form to ensure the agreement is clearly documented.
Once you negotiate an amount and make a payment, you should see the collection account removed from your credit report.
If it’s still there after 30 days, you should write to Jefferson to make sure the agency upholds their end of the agreement.
3. Seek Help from a Credit Repair Company
Some situations are best left to the professionals. While you can get a debt collection account removed from your credit report on your own, it isn’t always easy.
If you want to skip out on negotiating and leave your debt disputes to someone with more time and experience, a credit repair company can help.
A company like Lexington Law is staffed with deftly trained professionals who can go to bat for you.
Lexington Law can help to dispute your debt and repair your credit score quickly, alleviating the stress of dealing with Jefferson Capital Systems.
If Jefferson Capital Systems is cluttering your mailbox and dragging down your credit score, don’t delay in getting the agency removed from your credit report.
With the steps in this article and the help of Lexington Law, you could start resolving your credit issues today.
How to Deal with Jefferson Capital Systems
Jefferson Capital Systems LLC is no stranger to consumer complaints, with over 1,700 complaints with the Consumer Financial Protection Bureau and nearly 200 more from the Better Business Bureau.
Some complaints against Jefferson Capital Systems include:
- Lack of response to debt validation requests
- Inaccurate debt reporting
- Improper collection methods
Though Jefferson may be allowed to call you regularly, there are limits to the agency’s collection practices, under the Fair Debt Collection Practices Act.
For example, Jefferson can only call you at certain hours and cannot pester you at work.
It also lets you demand that the agency communicates with you in writing instead of over the phone.
When you communicate by writing letters, it’s easier to track your conversations with the debt collector and hold them to negotiations.
It also puts a stop to their incessant calls, which can be majorly annoying.
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