Credit Corp Solution on Your Credit Report: Your Options Explained

If Credit Corp Solutions has appeared on your credit report or is calling you, check the name carefully. Credit Corp Solutions operates under multiple trade names depending on your state: Tasman Credit Corp in Alabama, Tennessee, Virginia, and Wisconsin; Tasman Credit in New Hampshire, New York, and Connecticut; and Credit Corp Collections Agency in Nevada and Indiana.

The company is publicly traded on the Australian Securities Exchange and manages approximately $6 billion in face-value debt portfolios. Despite that scale, their most common CFPB complaint category is attempting to collect debts not owed.

This guide covers who they are, what their litigation record shows, and how to respond.

Who Is Credit Corp Solutions?

Credit Corp Solutions, Inc. is a debt buyer founded in 2011 in Draper, Utah. The company is a U.S. subsidiary of a publicly traded Australian parent company listed on the S&P/ASX 200, one of Australia’s major stock indices. Credit Corp purchases charged-off consumer accounts from banks, lenders, and retailers at 2 to 5 cents on the dollar and then pursues collection of the full balance.

Credit Corp has accumulated 1,775 CFPB complaints and 601 BBB complaints in the past three years. The company does not have BBB accreditation.

The Multiple Operating Names

Credit Corp Solutions uses different trade names in different states, which creates confusion for consumers searching for information:

• Tasman Credit Corp: Used in Alabama, Tennessee, Virginia, and Wisconsin.
• Tasman Credit: Used in New Hampshire, New York, and Connecticut.
• Credit Corp Collections Agency: Used in Nevada and Indiana.
• Credit Corp Solutions, Inc.: Used in all remaining states.

If you received correspondence from Tasman Credit or Tasman Credit Corp and are searching for information about who is contacting you, all of these names belong to the same Draper, Utah company.

Why Credit Corp Solutions Is on Your Credit Report

Credit Corp purchases charged-off consumer debt portfolios across multiple categories:

• Credit cards: Charged-off bank and retail card balances. Celtic Bank accounts are confirmed in BBB complaints.
• Personal loans: Consumer installment loan deficiencies.
• Retail finance: Store financing and sales finance accounts.
• PayPal accounts: Documented in consumer complaints.
• Utility and telecom accounts: Service balance portfolios.

Because Credit Corp buys debt in bulk portfolios years after charge-off, individual account documentation is frequently incomplete. The most common CFPB complaint category, attempting to collect debts not owed, reflects this documentation gap.

The 2017 Original Creditor Identification Lawsuits

Two separate federal lawsuits in 2017 in New York, both involving Tasman Credit, targeted the same structural problems in Credit Corp’s collection letters. The first alleged that Tasman Credit failed to properly identify the original creditor in the collection letter. The second alleged that the letter failed to specify the exact amount needed to satisfy the debt in full.

Both are FDCPA requirements. Collection letters must clearly state the name of the original creditor and must not create ambiguity about what amount resolves the debt. If you received a Credit Corp or Tasman Credit letter that does not clearly identify the original creditor or the exact payoff amount, preserve that letter and consult a consumer protection attorney.

The Documentation Gap on Purchased Debt

Because Credit Corp purchases portfolios of charged-off accounts at steep discounts, they often lack the original signed credit agreement, account statements, and chain of title documentation. Multiple BBB complaints describe consumers requesting the original contract and receiving no documentation in response.

When requesting debt validation from Credit Corp, specifically ask for the original creditor’s name and contact information, the original signed account agreement, all account statements from the original creditor, the balance at the time of charge-off, and the complete chain of ownership from the original creditor to Credit Corp. Their inability to produce these documents in court has resulted in case dismissals.

Excessive Calling Pattern

A documented CFPB complaint describes Credit Corp calling 12 times in a single day using various numbers after a written cease-and-desist request had been sent. Regulation F limits debt collectors to 7 calls within 7 days about the same debt. Continuing to call after a written cease-contact request is a separate FDCPA violation.

If Credit Corp is calling repeatedly, document every call with date, time, and number. If they are calling from numbers that appear local to your area code, note that as well.

What Credit Corp Cannot Do Under Federal Law

The FDCPA applies to Credit Corp Solutions and all its trade names. Under federal law, they cannot:

• Fail to identify the original creditor: Subject of 2017 federal lawsuits.
• Create ambiguity about the payoff amount: Subject of 2017 federal lawsuits.
• Call more than 7 times within 7 days: Documented CFPB complaint pattern.
• Continue calling after a cease-contact request: Documented CFPB complaint.
• Threaten attorney review with no intent to follow through: Referenced in the Mikhael case.
• Collect on time-barred debts without disclosure: A documented complaint pattern.

File complaints at consumerfinance.gov. Utah residents can also file with the Utah Division of Consumer Protection.

Verify the Debt Before Paying Anything

Send a written debt validation request by certified mail within 30 days of first contact. Address it using whatever trade name contacted you. Ask for all items listed in the documentation gap section above. Given Credit Corp’s bulk purchasing model, their failure to produce adequate documentation is both common and a legitimate legal defense.

Also confirm the original delinquency date. Utah has a 6-year statute of limitations, and the relevant state is typically where you currently reside. If the debt is time-barred, Credit Corp cannot sue you to collect.

How to Check Your Credit Report for Credit Corp Errors

Pull your credit reports from all three bureaus at AnnualCreditReport.com. Search under Credit Corp Solutions, Tasman Credit Corp, Tasman Credit, and Credit Corp Collections Agency. Is the balance correct? Is the original creditor accurately identified? Does the account appear more than once? Any inaccuracy is grounds for a dispute with each credit bureau.

Your Options for Resolving a Credit Corp Account

Once you have verified the debt and documentation, consider your options:

• Demand complete documentation: Bulk-purchased portfolios frequently lack signed agreements. Request everything before engaging.
• Negotiate a settlement: Credit Corp pays 2 to 5 cents on the dollar for portfolios. Significant settlement discounts are possible. Get any agreement in writing before paying.
• Respond to any lawsuit immediately: Credit Corp files lawsuits aggressively. A default judgment can follow you for years.
• Dispute if inaccurate: If the debt is not yours, already paid, or involves documentation Credit Corp cannot produce, dispute with the credit bureaus.

How to Contact Credit Corp Solutions

Handle all communication in writing using the trade name that appears on your correspondence:

• Address: Credit Corp Solutions, Inc., 63 East 11400 South, Suite 408, Sandy, UT 84070
• Draper address: 121 West Election Road, Suite 200, Draper, UT 84020
• Phone: (800) 483-2361

Bottom Line

Credit Corp Solutions is a publicly traded Australian debt buyer operating under four different names across U.S. states. Their bulk purchasing model creates frequent documentation gaps, and their most common complaint is collecting debts not owed.

Demand complete chain-of-title documentation before paying anything. Their inability to produce original account agreements has resulted in case dismissals, and settlements at a fraction of the claimed balance are realistic given what they paid for the portfolio.