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How to Remove Perfection Collection from Your Credit Report

Last updated 06/28/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
Dealing with debt collectors like Perfection Collection can be stressful and frustrating. If you have ever been late or defaulted on a bill, you may find Perfection Collection appearing on your credit report as the assigned agency to recover the debt. 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.
Facing interactions with debt collectors such as Perfection Collection can be overwhelming and frustrating. If you have overdue bills, Perfection Collection might appear on your credit report as the entity tasked with recovering the debt. Fortunately, there are actions you can take to manage these interactions and protect your rights. This detailed guide explores how Perfection Collection affects your credit score, offers methods for disputing and removing the account, explains your legal rights, provides negotiation strategies, and outlines steps to secure your financial well-being.

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What is Perfection Collection?

Perfection Collection is a debt collection agency. They report a collection account on your credit report if you have unpaid debts. In some cases, they purchase the debt from the original creditor (such as a credit card or loan company) for a fraction of the original amount. In other cases, they are hired to collect debts on behalf of another company. They may attempt to communicate with you via mail or phone calls, demanding payment. Unfortunately, having a collection account on your credit report can severely impact your credit score and chances of getting approved for loans or other financial opportunities.

Does Perfection Collection hurt your credit score?

Yes, any derogatory mark under its statute of limitations can severely impact your credit score, and a collections account is no different. When Perfection Collection reports a collection account on your credit report, it indicates that you have past-due debts that have been handed over to collections. This reflects a history of financial difficulty or non-payment and adds a negative entry to your credit history, which is a critical component of your credit score. Furthermore, collections can remain on your credit report for up to seven years, continually impacting your score during that period.

How to remove Perfection Collection from your credit report

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 Perfection Collection. This letter should include details about the debt, such as the original creditor, the amount owed, and any relevant account information.

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.

Negotiate a pay-for-delete agreement

A pay-for-delete agreement involves negotiating with Perfection Collection 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.

Seek professional help

If you are struggling to manage the dispute process or negotiate with Perfection Collection, 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

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 or that the company can’t take legal action against you, 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 Perfection Collection. 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 Perfection Collection

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

Pro tip

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

Request all correspondence in writing

Ensure a documented record of communications with Perfection Collection by requesting written correspondence. Contact Perfection Collection at the following address:
Perfection Collection contact information
313 E. 1200 Street, Suite #102
Orem, UT 84058
Phone: +1 855-201-0746

How to file a complaint against Perfection Collection

If you believe Perfection Collection has violated your rights under the FDCPA or FCRA, you have several options to file a complaint:

Consumer Financial Protection Bureau (CFPB)

You can file a complaint online here or by calling 1-855-411-2372.

State’s Attorney General

You can also 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. To find your specific state regulator, check here.

Federal Trade Commission (FTC)

File a complaint online here.

Documenting your complaint

When filing a complaint, it’s important to provide as much detail as possible. Include the name of the debt collector, the date and time of the alleged violation, and any supporting documentation such as letters, emails, or phone records. This information will help the authorities investigate your complaint more effectively.

Following up on your complaint

After filing your complaint, follow up with the relevant agency to ensure that your case is being handled. Keep records of all communications and updates related to your complaint. If you do not receive a satisfactory resolution, you may need to consult with a consumer protection attorney to explore further legal action.

Conclusion

Dealing with Perfection Collection and other debt collectors can be challenging, but understanding 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 Perfection Collection violates my rights?

If you believe that Perfection Collection 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 Perfection Collection a legitimate company?

Yes, Perfection Collection 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 Perfection Collection keep calling me?

Perfection Collection 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 Perfection Collection try suing or garnishing my wages?

While it is rare for Perfection Collection 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

  • Perfection Collection 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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