Seeing Paramount Recovery Systems on your credit report can be frustrating—and damaging to your score. Here’s what you need to know and how to remove them if possible.
Who Is Paramount Recovery Systems?
Paramount Recovery Systems (PRS) is a debt collection agency based in Waco, Texas. They work with creditors to recover unpaid debts from consumers.
If a bill goes unpaid long enough, your original creditor may send it to PRS for collection or sell the debt outright. That’s when you might see Paramount Recovery Systems show up on your credit report as a collection account.
Who Does Paramount Recovery Systems Collect For?
Paramount Recovery Systems collects debts across several industries, including:
- Healthcare
- Business-to-Business (B2B)
- Legal services
- Financial services
Medical debt collection is one of their common specialties, but they may be collecting for other types of accounts as well.
Is Paramount Recovery Systems Legitimate?
Yes, Paramount Recovery Systems is a real debt collection agency. But even legitimate companies can report incorrect information, so always verify the details of any debt before agreeing to pay.
How to Remove Paramount Recovery From Your Credit Report
A collection account can stay on your credit report for up to seven years, hurting your score the entire time. Here are your options to get it removed:
- Dispute inaccurate information: Check your credit report carefully. If anything is wrong—such as the amount, dates, or even the account itself—file a dispute with the credit bureaus.
- Request debt validation: You can send Paramount Recovery a debt validation letter. They are legally required to prove the debt is yours and that the amount is accurate.
- Negotiate a pay-for-delete: In some cases, you can offer to settle the debt in exchange for having the account removed from your credit report. Always get this agreement in writing.
- Use a credit repair service: Professionals can help dispute the account or negotiate on your behalf, making the process easier.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Should You Contact or Pay Paramount Recovery Systems?
Before making contact, review your credit report and confirm the debt is valid. Credit reports often contain errors, and paying an old or incorrect debt can restart the clock, keeping it on your report longer.
If you choose to deal with Paramount Recovery directly, know your rights and get everything in writing. Many people prefer to work with a credit repair company to avoid dealing with collectors themselves.
Can Paramount Recovery Systems Sue or Garnish Wages?
Yes, they have the legal right to sue for unpaid debts. If they win the lawsuit, they may be able to:
- Garnish your wages
- Freeze or levy your bank account
- Place a lien on your property
That depends on your state’s laws. However, lawsuits are usually a last resort. Collection agencies typically try to work out payment arrangements first.
Common Complaints About Paramount Recovery Systems
Like most collection agencies, Paramount Recovery Systems has complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB).
The most frequent complaints include:
- Inaccurate reporting on credit reports
- Harassing or repeated phone calls
- Failure to properly verify debts
If you experience harassment or feel your rights are being violated, you can file a complaint with the CFPB or BBB.
Know Your Rights When Dealing With Paramount Recovery Systems
The Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA) protect you from unfair collection tactics. Here’s what those laws guarantee:
- They cannot report false or incomplete information about you.
- You have the right to request written proof the debt belongs to you.
- They cannot harass, threaten, or use abusive language.
- They must clearly identify themselves as a debt collection agency.
- They cannot threaten arrest or jail for unpaid debts.
Paramount Recovery Systems Contact Information
Address:
Paramount Recovery Systems
7524 Bosque Blvd Ste L
Waco, TX 76712
Phone: (866) 250-7007
Ready to Remove Paramount Recovery From Your Credit Report?
Handling collection accounts can feel overwhelming, but you don’t have to face it alone. Credit Saint has helped thousands of people challenge and remove negative marks like Paramount Recovery from their credit reports.
With over 15 years of experience, they know how to deal with collection agencies—and they even offer a 90-day money-back guarantee for extra peace of mind.
Want to improve your credit? Visit their website or call (855) 281-1510 for a free consultation.
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.
