If Quality Asset Recovery, LLC is showing up on your credit report, your credit score could be suffering. Here’s what you need to know—and how to remove them.
Who Is Quality Asset Recovery?
Quality Asset Recovery, LLC (QAR) is a debt collection agency based in Gibbsboro, New Jersey. They work with creditors to collect unpaid debts from consumers.
If you see them listed on your credit report as a collection account, it usually means an unpaid debt has been sent to them for collection.
Who Does Quality Asset Recovery Collect For?
Quality Asset Recovery works with businesses and organizations across several industries, including:
- Banks and financial institutions
- Healthcare providers
- Utility companies
- Student loan servicers
- Retail businesses
- Government agencies
- Landlords and rental companies
- Business-to-business transactions
They collect a wide range of debts, from unpaid medical bills and student loans to overdue rent, utility balances, or defaulted loans.
Is Quality Asset Recovery Legitimate?
Yes, Quality Asset Recovery is a legitimate debt collection agency. But even legitimate companies can report inaccurate information, so always verify the debt before paying or agreeing to anything.
How to Remove Quality Asset Recovery From Your Credit Report
A collection account can stay on your credit report for up to seven years, damaging your credit score the entire time. Here’s how to get it removed:
- Dispute inaccurate information: If the debt is incorrect or does not belong to you, file a dispute with the credit bureaus to have it corrected or removed.
- Request debt validation: You have the right to ask Quality Asset Recovery to provide proof the debt is valid and the amount is accurate. If they cannot, they must remove the account.
- 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.
- Work with a credit repair service: Professionals can help dispute the account or negotiate on your behalf, saving you time and frustration.
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 Quality Asset Recovery?
Before contacting them, review your credit report to verify the debt is legitimate. Credit reports can contain errors, and paying a debt without confirming the details can restart the clock, keeping the negative account on your credit report longer.
If the debt is valid, you may be able to negotiate a settlement or request a pay-for-delete agreement. Many people choose to work with a credit repair company to avoid dealing directly with collectors.
Can Quality Asset Recovery Sue or Garnish Wages?
Yes, they have the legal right to sue for unpaid debts. If they win in court, they may be able to:
- Garnish your wages
- Levy your bank account
- Place a lien on your property
The actions they can take depend on your state’s laws. However, lawsuits are usually a last resort, as they are expensive and time-consuming for both parties.
Complaints About Quality Asset Recovery
Like many collection agencies, Quality Asset Recovery has received complaints through the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB).
The most common complaints include:
- Inaccurate credit reporting
- Harassing phone calls
- Failure to verify debts
If you believe your rights are being violated, you can file a formal complaint with the CFPB or BBB.
Your Rights When Dealing With Quality Asset Recovery
The Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) protect you from abusive collection practices. Your rights include:
- Quality Asset Recovery cannot report false or incomplete information about you.
- You can request written proof that the debt is valid and the amount is accurate.
- They cannot harass, threaten, or use abusive language.
- They must clearly identify themselves as a debt collection agency both verbally and in writing.
- They cannot threaten arrest or legal action they are not legally allowed to take.
Quality Asset Recovery Contact Information
Address:
Quality Asset Recovery, LLC
7 Foster Avenue Suite 101
Gibbsboro, NJ 08026
Phone: (800) 796-1476
Get Help Removing Quality Asset Recovery From Your Credit Report
Dealing with collection accounts like Quality Asset Recovery can be overwhelming, but you do not have to handle it alone. Credit Saint has helped thousands of people remove negative accounts from their credit reports.
They have been doing this for over 15 years—and they even offer a 90-day money-back guarantee for added peace of mind.
Want to see how they can help? 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.
