Is Pendrick Capital Partners Hurting Your Credit?

Updated

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Who is Pendrick Capital Partners?

Pendrick Capital Partners, LLC (PCP) is a debt collection agency located in Alexandria, Virginia. They specialize in acquiring and managing healthcare-related debts.

If you notice Pendrick Capital Partners listed on your credit report, it’s generally an indication of an outstanding medical debt. This usually occurs when a healthcare provider is unable to collect the debt themselves and hires an agency, like PCP, to do it on their behalf.

Who does Pendrick Capital Partners collect for?

Pendrick Capital Partners collaborates with various entities in the healthcare and financial sectors. One notable partner is Phoenix Financial Services, another major debt buyer. PCP acquires unpaid accounts from them and other companies, aiming to collect the outstanding debts.

However, their clientele isn’t limited to this company alone. They serve a wide range of healthcare providers and other debt buyers, all of whom are looking for efficient debt collection services to recover money owed to them.

Is Pendrick Capital Partners legit or a scam?

Pendrick Capital Partners is a legitimate company. 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 Pendrick Capital Partners from my credit report?

Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.

If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.

Ready to Clean Up Your Credit Report?

Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.

Pendrick Capital Partners, LLC Contact Information

Address:

Pendrick Capital Partners, LLC
2331 Mill Rd Suite 510
Alexandria, VA 22314-4687

Phone number: (866) 335-3361

Should I contact or pay Pendrick Capital Partners?

Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.

The most effective way to deal with Pendrick Capital Partners is to work with a credit repair professional. They help remove millions of negative items every year from companies like Pendrick Capital Partners on behalf of their clients.

Will Pendrick Capital Partners sue me or garnish my wages?

Pendrick Capital Partners, like other debt collection agencies, has the ability to sue for an unpaid debt. If they win a judgment in court, they could potentially garnish your wages or levy your bank account, depending on your state’s laws. However, initiating a lawsuit is often seen as a last resort for most debt collectors because it’s a lengthy and expensive process.

Pendrick Capital Partners, LLC Complaints

Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, 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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.

Your Rights When Dealing with Pendrick Capital Partners, LLC

Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:

  • It is a violation of federal law for Pendrick Capital Partners 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. They have 30 days to prove the debt is yours and the amount is accurate.
  • Pendrick Capital Partners cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
  • Pendrick Capital Partners must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
  • Pendrick Capital Partners cannot threaten to have you arrested or imprisoned for unpaid debts.

Remove Pendrick Capital Partners From Your Credit Report Today!

Credit Saint offers assistance with disputing Pendrick Capital Partners collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.

If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.

Visit their website or call (855) 281-1510 for more details.

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