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Guide to Removing PMAB LLC From Your Credit Report

Last updated 06/27/2024 by

Silas Bamigbola

Edited by

Fact checked by

Summary:
Dealing with debt collectors like PMAB LLC can be stressful and frustrating. If you have ever been late or defaulted on a bill, you may find PMAB LLC 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.

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What is PMAB LLC?

PMAB LLC, also known as Professional Management Associates Bureau, is a debt collection agency headquartered in Charlotte, North Carolina. They are involved in the collection of outstanding debts on behalf of their clients, primarily focusing on medical debts. PMAB LLC works with healthcare providers and medical professionals to recover unpaid medical bills. In 2020, PMAB LLC rebranded and became known as Receivables Management Partners (RMP).

Does PMAB LLC hurt my credit score?

Any derogatory mark on your credit report, including a collections account from PMAB LLC, can severely impact your credit score. Under the statute of limitations, these marks can remain on your report for up to seven years, reflecting a history of financial difficulty or non-payment.

How do I remove PMAB LLC from my credit report?

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 PMAB LLC. 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 PMAB LLC 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 PMAB LLC, 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.

Request all correspondence in writing

Ensure a documented record of communications with PMAB LLC by requesting written correspondence. Contact PMAB LLC at the following address:
PMAB LLC contact information
4135 South Stream Blvd #400, Charlotte, NC 28217-4636
Phone: +1 704-553-7144

How to file a complaint against PMAB LLC

If you believe PMAB LLC has violated your rights under the FDCPA or FCRA, you have the option to file a complaint. Here’s how:

Filing a complaint

  1. Consumer Financial Protection Bureau (CFPB): File a complaint online here or by calling 1-855-411-2372.
  2. 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.
  3. 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.

Steps to verify the debt with PMAB LLC

Before engaging with PMAB LLC, ensure that the debt they claim you owe is accurate. You can request a debt validation letter, which should provide detailed information about the debt. This step is crucial to ensure you are not paying for a debt that is not yours or is incorrect.

Negotiation strategies for settling debt with PMAB LLC

Negotiating a settlement with PMAB LLC can be complex, but with the right strategies, you can reach an agreement that works for both parties. Consider offering a lump sum payment for a lesser amount than the total debt or setting up a payment plan. Always get any agreement in writing.

How to protect your credit score from future collections

To prevent future collections from affecting your credit score, it is important to manage your debts proactively. Regularly monitor your credit report, pay your bills on time, and seek professional financial advice if needed. By staying on top of your financial obligations, you can protect your credit score from potential damage.

Tips for dealing with debt collectors like PMAB LLC

When dealing with debt collectors, it’s essential to know your rights and how to protect yourself. Here are some tips:
  • 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 PMAB LLC 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 PMAB LLC violates my rights?

If you believe that PMAB LLC 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.

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 PMAB LLC a legitimate company?

Yes, PMAB LLC 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 PMAB LLC keep calling me?

PMAB LLC 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 PMAB LLC try suing or garnishing my wages?

While it is rare for PMAB LLC 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

  • PMAB LLC 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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