Who is General Revenue Corporation?
General Revenue Corporation (GRC) is a subsidiary of Navient Corporation, a major servicer of federal and private student loans in the United States. GRC, based in Mason, Ohio, is a recognized name in the field of debt collection, especially regarding student loan recovery.
It’s common to see GRC on a credit report as a collections account if you have defaulted on your student loans or other bills.
Who does General Revenue Corporation collect for?
General Revenue Corporation primarily collects for educational institutions and the U.S. Department of Education. Their main task is to manage the recovery process of defaulted student loans. However, they also handle the collection of consumer loans and other types of delinquent debts.
Is General Revenue Corporation legit or a scam?
General Revenue Corporation is indeed a legitimate debt collection company. As part of Navient Corporation, they are authorized to collect debts and operate under the legal guidelines that regulate the debt collection industry. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove General Revenue Corporation from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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General Revenue Corporation (GRC) Contact Information
General Revenue Corporation
4660 Duke Dr. Ste 200
Mason, OH 45040-8466
Phone number: (800) 234-1472
Should I contact or pay General Revenue Corporation?
It’s best to avoid speaking to a debt collector on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with General Revenue Corporation is to work with a credit repair professional. They help remove millions of negative items every year from companies like General Revenue Corporation on behalf of their clients.
Will General Revenue Corporation sue me or garnish my wages?
As a debt collection agency, General Revenue Corporation is entitled to take legal action, including suing you in a court of law if you fail to repay your debt. If they win the lawsuit and receive a judgment against you, they could potentially garnish your wages, levy your bank account, or place a lien on your property, depending on the laws in your state.
However, remember that lawsuits are expensive, and most creditors would prefer to avoid them if possible. Typically, they’ll sue as a last resort if other attempts to collect the debt have failed.
General Revenue Corporation Complaints
Most debt collectors have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with a debt collector, you should also consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with General Revenue Corporation
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for General Revenue Corporation to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- General Revenue Corporation may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- General Revenue Corporation must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- General Revenue Corporation cannot threaten to have you arrested or imprisoned over unpaid debts.
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Credit Saint can assist you in disputing General Revenue Corporation collection accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
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