Remove Jefferson Capital Systems From Your Credit Report

Summary: This is a detailed article explaining how to remove Jefferson Capital Systems, LLC from your credit report.

Have you recently received a call or letter from Jefferson Capital Systems? Or perhaps a Jefferson Capital debt collection has shown up on your credit report.

In this article, I will go in depth into this debt collector and their practices. I will explain how to deal with them, and how to remove a collection account from your credit report.

It’s important to deal with debt collectors such as Jefferson Capital Systems as soon as you can, because a collection account on your credit report can significantly decrease your credit score. In fact, your credit score can drop up to 100 points if you don’t deal with this. We’ll get more into that later.

What is Jefferson Capital Systems?

Jefferson Capital Systems is a legit debt collection agency located in Saint Cloud, Minnesota. They have been in business since 2002.

Jefferson Capital is a debt collector that will typically purchase charge-offs and collections from original creditors for pennies on the dollar and attempt to collect the full balance on the debt.

Jefferson Capital Systems could show up on your credit report as:

• Jefferson Capital Systems
• Jefferson Collection
• Jefferson Capital, LLC
• Jefferson Capital Systems LLC
• Jefferson Capital Systems Verizon

Now let’s get into what steps you should take when you’re dealing with Jefferson Capital, including how to remove debt collections from your credit report.

Should I Contact or Pay Jefferson Capital Systems?

Generally speaking, you should never directly contact a collection agency. More specifically, you should have a game plan on how you’re going to negotiate with them, including how much you’re willing to pay.

In some cases you can negotiate for the debt collector to remove the collection from your credit report if you agree to pay at least some of the debt. We’ll go into how to do this, so before you contact or pay Jefferson Capital Systems, be sure to read this entire article.

If you have already contacted or paid Jefferson Capital Systems, don’t worry, there are still ways you can remove them from your credit report.

Let’s get into the exact methods you can use to deal with debt collections.

How to Remove Jefferson Capital Systems From Your Credit Report

There are a couple of different routes you can take to remove Jefferson Capital from your credit report. You can go the do-it-yourself route, or you can take the easier route and simply hire a professional, in which case I recommend using Lexington Law Firm.

It really boils down to how much work you’re willing to put into the process. In addition, you should ask yourself how quickly you want to remove negative items from your credit report. For example, if you’re trying to improve your credit score so you can get a mortgage or other loan, you should consider hiring a professional credit repair company.

I’ll start by explaining the do-it-yourself credit repair methods, then I’ll touch on how to hire a credit repair company.

Write a Debt Validation Letter

Start by writing a debt validation letter to Jefferson Capital. A debt validation letter is a letter that essentially demands that the debt collector verify that the debt actually belongs to you, and the amount they are attempting to collect is correct.

You have 30 days from the initial time Jefferson Capital contacts you to get this letter to them.

After 30 days, you are limited when it comes to the debt validation method. You can still try this method after 30 days, but debt collectors isn’t obliged to respond.

If it’s been less than 30 days, go ahead and write them a letter and they will have 30 days to respond with proof that the debt belongs to you.

You can also write a validation letter to the original creditor if Jefferson Capital purchased the debt. This won’t always work, but it’s worth a try.

When they are unable to validate the accuracy of the debt, they will need to cease contacting you and remove the collection or charge-off account from your credit report.

Dispute the Collection on Your Credit Report

When it’s been past 30 days, or Jefferson Capital was able to validate the debt, the next method you should try is simply disputing the collection on your credit report.

You will need to write dispute letters to all three of the major credit bureaus: Transunion, Equifax, and Experian. You can also dispute the collection online, but writing a dispute letter tends to work better because it will usually bypass their automated system.

The credit bureaus will have 30 days to verify the accuracy of the negative item. If they are unable to verify its accuracy, they will either remove the collection from your credit report, or they will correct the information.

Of course, the best outcome is that they remove the collection altogether. It’s usually the case that older collection accounts are more likely to contain inaccurate information and therefore be removed.

Pay-For-Delete Letter

The last do-it-yourself technique you can try is to contact your debt collectors and offer to pay the account either in full or partially if they agree to remove the negative entry from your credit report.

Again, if the collection account is older, the more likely Jefferson Capital Systems, LLC is to accept less than the full balance.

It’s very important that when you’re doing any negotiating with debt collectors that you get everything in writing. This can be either via e-mail or snail mail. Never commit to paying them over the phone or give them your bank account information before getting everything in writing.

Hire a Professional

When you’re in a hurry, or simply don’t want to go through the hassle of the do-it-yourself steps, I recommend you consider hiring a professional credit repair company. Credit repair companies are very successful at getting negative items removed from your credit report.

For this, I recommend Lexington Law. They are the biggest credit repair company in the country, and do a great job. You can call them at 1-844-331-6062 or check out their website.

How Will Jefferson Capital Systems Affect My Credit Score?

You can expect a collection account on your credit report to remain for up to seven years. This means for seven years, it could affect your ability to get a loan with decent rates.

Collections will lower your credit score up to 100 points depending on what your credit score is before getting the collection. The higher credit score will be affect more drastically.

For example, if your credit score is 750, this collection could drop your score to 650. However, if your credit score is 650, it might only drop to 620.

How to Deal with Jefferson Capital Systems Debt Collectors

Debt collectors such as Jefferson Capital Systems LLC have to follow certain laws outlined in the Fair Debt Collection Practices Act.

According to this law, debt collectors cannot:

• Harass you or your family.
• Threaten you or your property.
• Call you before 8:00AM
• Call you after 9:00PM
• Threaten you with jail.
• Use profanities.

By understanding the rules that debt collectors have to abide by, you are getting the upper hand because you can call them out if they break any rules.

Will Jefferson Capital Systems Sue Me?

It’s not uncommon for debt collectors such as Jefferson Capital Systems LLC to sue people in order to collect on a debt. While this usually isn’t the first technique they use, it is possible.

This is another reason to get everything in writing when you’re dealing with any debt collector. In addition, it’s another reason to deal with the debt collection as soon as possible.

Jefferson Capital Systems LLC Contact Info

If you have decided to go the do-it-yourself route, you will be writing various letters to Jefferson Capital, so here is the contact information. Again, I recommend doing everything over mail.

Mailing Address:

16 McLeland Road, St.
Cloud, MN 56303

Phone Number:

833-851-5552