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How to Remove Paragon Revenue Group from Your Credit Report

Last updated 06/27/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
Dealing with debt collectors like Paragon Revenue Group can be stressful and frustrating. If you have ever been late or defaulted on a bill, you may find Paragon Revenue Group appearing on your credit report. This comprehensive guide will help you navigate the process of removing it from your credit report. It covers the impact of this debt collection agency on your credit score, methods for disputing and removing the account, your legal rights, negotiation strategies, and steps to protect your financial health.
When you see Paragon Revenue Group on your credit report, it’s a clear sign that you have an outstanding debt that needs attention. This debt collection agency can significantly impact your credit score and financial health. Understanding who they are, how they operate, and your rights can empower you to manage the situation effectively.

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What is Paragon Revenue Group?

Paragon Revenue Group is a debt collection agency that reports collection accounts on credit reports. In some cases, they purchase the debt from the original creditor, paying pennies on the dollar, while in other cases, they collect on behalf of another company. They may contact you via mail or phone, demanding payment, and their presence on your credit report can hurt your chances of getting approved for loans or other financial opportunities.

Does Paragon Revenue Group hurt my credit score?

Any derogatory mark under its statute of limitations can severely impact your credit score. A collections account is no different. Having Paragon Revenue Group on your credit report indicates past-due debts, which can remain on your report for up to seven years, affecting your score during that period.

How to remove Paragon Revenue Group from your credit report

Removing Paragon Revenue Group from your credit report may be possible if the information is incorrect, erroneous, or fraudulent. According to a study by the U.S. PIRGs, 79% of credit reports contain mistakes or serious errors. Here are the steps you can take to address this issue:

1. Verify the debt

Before taking any action, verify that the debt belongs to you and that the amount is accurate. Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request a debt validation letter from Paragon Revenue Group. This letter should include details about the debt, such as the original creditor, the amount owed, and any relevant account information.

2. Dispute inaccurate information

If you find any inaccuracies in the debt validation letter or your credit report, you can dispute the information with the credit bureaus. The Fair Credit Reporting Act (FCRA) gives you the right to challenge any incorrect or unverifiable information on your credit report. Submit a dispute to the credit bureaus (Experian, Equifax, and TransUnion) with supporting documentation to prove the errors.

3. Negotiate a pay-for-delete agreement

A pay-for-delete agreement involves negotiating with Paragon Revenue Group to remove the collections account from your credit report in exchange for payment. While not all debt collectors agree to this, it is worth attempting. Ensure you get the agreement in writing before making any payments.

4. Seek professional help

If you are struggling to manage the dispute process or negotiate with Paragon Revenue Group, consider seeking help from a credit repair company. These professionals can analyze your credit report, identify errors, and negotiate with creditors on your behalf.

Pro tip

Dispute any inaccuracies in writing and send your dispute to the credit bureaus via certified mail to ensure it is tracked and received.

Request all correspondence in writing

Ensure a documented record of communications with Paragon Revenue Group by requesting written correspondence. Contact Paragon Revenue Group at the following address:
Paragon Revenue Group contact information:
216 Le Phillip Ct., Concord, NC 28025
+1 800-868-1899
www.paragonrevenuegroup.com

How to file a complaint against Paragon Revenue Group

If you believe Paragon Revenue Group has violated your rights under the FDCPA or FCRA, you can file a complaint. Here’s how:
  1. Consumer Financial Protection Bureau (CFPB): File a complaint online here or by calling 1-855-411-2372.
  2. State’s Attorney General: File a complaint with your state’s Attorney General’s office. Contact information for your state’s Attorney General can typically be found on their official website.
  3. Federal Trade Commission (FTC): File a complaint online here.

Pro tip

You can request that a debt collector stop contacting you under the FDCPA. This request does not mean you are free from owing the debt, but it does alleviate the stress of constant calls.

Understanding your credit report

Why understanding your credit report is important

It is crucial to regularly review your credit report to ensure all the information is accurate. This includes checking for any accounts reported by Paragon Revenue Group. You can obtain a free credit report from each of the three major credit bureaus (Experian, Equifax, and TransUnion) annually at www.annualcreditreport.com.

Steps to dispute a debt with Paragon Revenue Group

When disputing a debt with Paragon Revenue Group, follow these steps:
  1. Request a debt validation letter to verify the debt details.
  2. Gather evidence supporting your dispute, such as payment records or correspondence.
  3. Submit a written dispute to Paragon Revenue Group and the credit bureaus, including all supporting documentation.
  4. Follow up to ensure your dispute is being processed and resolved.

Tips for dealing with debt collectors like Paragon Revenue Group

Stay calm and polite

Maintain a calm and polite demeanor during all communications. This can help prevent escalation and keep the situation manageable.

Know your rights

Familiarize yourself with the FDCPA and your state’s debt collection laws. This knowledge can empower you to stand up against unfair practices.

Keep records

Document all interactions with debt collectors, including dates, times, and the nature of the communication. This can be crucial if you need to dispute the debt or file a complaint.

Pro tip

Monitor your credit report regularly to catch any inaccuracies early and address them before they become bigger issues.

Conclusion

Dealing with Paragon Revenue Group can be challenging, but knowing your rights and the steps you can take to remove negative marks from your credit report is crucial. By verifying the debt, disputing inaccuracies, and considering options like pay-for-delete agreements, you can work towards improving your credit score. If you need help, don’t hesitate to reach out to credit repair professionals who can guide you through the process and help you achieve a positive resolution.

Frequently asked questions

How long does a collection account stay on my credit report?

A collection account can remain on your credit report for up to seven years from the date of the first delinquency.

Can paying off a collection account improve my credit score?

Paying off a collection account may improve your credit score slightly, but the negative mark will still remain on your report for up to seven years. Negotiating a pay-for-delete agreement can be more beneficial if you can get the debt collector to agree.

What should I do if Paragon Revenue Group violates my rights?

If you believe that Paragon Revenue Group has violated your rights under the FDCPA or FCRA, you can file a complaint with the Consumer Financial Protection Bureau (CFPB) or seek legal advice to explore your options for recourse.

Can I remove a collection account by disputing it?

Yes, if the information on the collection account is inaccurate, unverifiable, or fraudulent, you can dispute it with the credit bureaus to have it removed from your credit report.

How can I prevent future collection accounts on my credit report?

To prevent future collection accounts, manage your debts responsibly, make timely payments, and monitor your credit report regularly for any inaccuracies or signs of identity theft.

Is Paragon Revenue Group a legitimate company?

Yes, Paragon Revenue Group is a legitimate debt collection agency. They are not a scam or fake company, but they may engage in aggressive collection tactics such as frequent phone calls or letters. It is important to know your rights when dealing with debt collectors to protect yourself from harassment and ensure fair treatment.

Why does Paragon Revenue Group keep calling me?

Paragon Revenue Group is attempting to collect a debt by contacting you through phone calls. If these calls are frequent or harassing, you have the right to request they cease communication. Sending a written request to stop contact can help manage the situation. If harassment continues, you may need to seek legal assistance.

Will Paragon Revenue Group try suing or garnishing my wages?

While it is rare for Paragon Revenue Group to sue, it is not impossible. If they decide to pursue legal action, you will receive a summons to appear in court. It is important to respond to any legal notices promptly. Wage garnishment can only occur if a court judgment is obtained against you. State and federal laws provide certain protections and exemptions regarding garnishment.

Key takeaways

  • Paragon Revenue Group is a legitimate debt collection agency that can significantly impact your credit score.
  • You have the right to request debt validation and dispute any inaccuracies in your credit report.
  • Negotiating a pay-for-delete agreement can potentially remove the negative mark from your credit report.
  • Seek professional help if you need assistance managing disputes or negotiating with debt collectors.
  • Understanding your rights under the FDCPA and FCRA can help you protect yourself from unfair collection practices.

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