Who is Jefferson Capital Systems?
Jefferson Capital Systems, LLC is a debt collection agency located in Saint Cloud, Minnesota. They work with creditors to recover funds from unpaid accounts.
If you see Jefferson Capital Systems listed on your credit report as a collections account, it typically indicates that they have bought a debt in your name from an original creditor.
Who does Jefferson Capital Systems collect for?
Jefferson Capital Systems is a debt buyer who collects for various types of companies, including Fortune 500 creditors, banks, credit card issuers, telecommunication and utility providers, and some of the nation’s largest auto finance companies.
Is Jefferson Capital Systems on my credit report?
They may appear on your credit report as any of the following entries:
- jeff cap systems
- jefferson capital llc
- jefferson capital sy
- jefferson capital syst
- jefferson capital systems verizon
- jefferson collection
Is Jefferson Capital Systems legit or a scam?
Jefferson Capital Systems is a legitimate debt collection company. They’ve been in business since 2002, and they are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove Jefferson Capital Systems 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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Jefferson Capital Systems, LLC Contact Information
Jefferson Capital Systems, LLC
16 McLeland Road
St. Cloud, MN 56303
Phone number: (833) 851-5552
Should I contact or pay Jefferson Capital Systems?
Before contacting a debt collector, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.
The most effective way to deal with Jefferson Capital Systems is to work with a credit repair professional. They help remove millions of negative items every year from companies like Jefferson Capital Systems on behalf of their clients.
Will Jefferson Capital Systems sue me or garnish my wages?
Jefferson Capital Systems, LLC has the legal right to sue you for the unpaid debt. If they choose to pursue a lawsuit and win, they may obtain a court judgment against you. This judgment could potentially allow them to garnish your wages or take other actions to collect the debt, depending on the laws in your state.
However, federal and state laws limit the amount that can be garnished from your income, and some types of income may be exempt entirely.
Jefferson Capital Systems, LLC Complaints
Most debt collection agencies 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 a debt collector is harassing you, you may want to 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 Jefferson Capital Systems, LLC
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it 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 Jefferson Capital Systems 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.
- Jefferson Capital Systems may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Jefferson Capital Systems 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.
- Jefferson Capital Systems cannot threaten to have you arrested or imprisoned over unpaid debts.
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