If you’ve spotted Palisades Collection, LLC on your credit report, there’s a good chance it’s dragging down your credit score. But you’re not stuck with it. Here’s what you need to know about who they are, why they’re contacting you, and how to deal with them the smart way.
Who Is Palisades Collection, LLC?
Palisades Collection, LLC—also linked to Asta Funding, Inc.—is a third-party debt collector based in Englewood Cliffs, New Jersey. They buy unpaid debts from original creditors, usually for pennies on the dollar, and then try to collect the full amount from consumers.
If you see their name on your credit report, it typically means they’ve taken over an old account you once owed to another company—possibly a credit card issuer, a medical provider, or even a cell phone company.
What Kind of Debts Does Palisades Collection Buy?
Palisades Collection is known as a junk debt buyer. They purchase charged-off debts from:
- Credit card companies
- Banks and lenders
- Wireless carriers like AT&T
- Hospitals and doctors’ offices
These are typically accounts that have gone unpaid for a long time and were written off by the original creditor.
Is Palisades Collection, LLC a Legit Company?
Yes, Palisades Collection is a legitimate business—but that doesn’t mean they always play fair. Many consumers have reported aggressive tactics, inaccurate reporting, and other questionable behavior. So while they’re not a scam, it’s important to protect yourself and respond strategically.
How Long Can a Collection Stay on Your Credit Report?
A collection account can stay on your credit report for up to seven years from the original delinquency date—even if you eventually pay it off. That’s why it’s important to act quickly when one appears.
How to Remove Palisades Collection From Your Credit Report
Here are your main options if you want to get Palisades removed from your credit report:
- Dispute any errors: Check all the details—amount, dates, and account ownership. If anything’s wrong, file a dispute with the credit bureaus.
- Request debt validation: Under the Fair Debt Collection Practices Act (FDCPA), you have the right to ask Palisades to prove the debt is legitimate. Send a written request within 30 days of first contact.
- Negotiate a pay-for-delete: Offer to settle the debt in exchange for them removing it from your credit report. Get the agreement in writing before sending payment.
- Work with a credit repair company: Professionals can help challenge collection accounts and remove inaccurate or unverifiable entries.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Should You Pay Palisades Collection?
Before paying anything, verify that the debt is accurate, still within the statute of limitations, and hasn’t already been resolved. If you make a payment on a time-barred debt, you might accidentally restart the clock, making it collectible again.
If the debt is valid and you’re ready to deal with it, try to negotiate a lower amount or a pay-for-delete agreement. Just don’t rush into anything without having the details in writing.
What Happens If You Ignore Them?
If the debt is large enough, Palisades may sue you to collect. If they win a court judgment, they could garnish your wages or bank account—depending on your state’s laws.
That said, lawsuits are expensive, so debt collectors typically see them as a last resort. They’re more likely to pursue legal action if they believe you have the means to pay.
How to Contact Palisades Collection, LLC
If you need to communicate with them, always do it by mail—not by phone. This gives you a paper trail in case you need to prove what was said or agreed to later.
Mailing address:
Palisades Collection, LLC
210 Sylvan Avenue
Englewood Cliffs, NJ 07632
Phone numbers:
(800) 991-9367
(201) 567-5648
Your Rights Under Federal Law
The FDCPA and Fair Credit Reporting Act (FCRA) give you rights when dealing with debt collectors:
- You can dispute inaccurate or incomplete credit reporting.
- You have the right to request written validation of any debt.
- Collectors can’t harass, threaten, or deceive you.
- They must tell you who they are and that they’re trying to collect a debt.
- They can’t threaten arrest or legal action they don’t intend to take.
If Palisades violates any of these rules, you can report them to the Consumer Financial Protection Bureau (CFPB) or the Better Business Bureau (BBB).
What to Do If You’re Feeling Overwhelmed
Dealing with debt collectors like Palisades can be stressful—but you don’t have to go it alone. A reputable credit repair company can help you review your credit report, dispute questionable accounts, and guide you through the process.
Credit Saint is one of the top-rated credit repair services in the industry. They’ve helped thousands of people remove negative items from their credit reports—including collections. They even offer a 90-day money-back guarantee for added peace of mind.
Visit their website or call (855) 281-1510 to find out how they can help.
Brooke Banks is a personal finance writer specializing in credit, debt, and smart money management. She helps readers understand their rights, build better credit, and make confident financial decisions with clear, practical advice.
