JEFFERSON CAPITAL SYSTEMS, LLC ON CREDIT REPORT

You may have been contacted by Jefferson Capital Systems, LLC (“Jefferson Capital”) relating to an alleged debt that you owe. Jefferson Capital is a debt collection company based in Saint Cloud, Minnesota, and has been in business since approximately 2002. Jefferson Capital purchases consumer debts from other companies, then collects upon the debts that it purchases. When Jefferson Capital is collecting on a debt, it will not only contact you to have the alleged debt paid, but it will also report the alleged debt to the credit reporting agencies such as TransUnion, Equifax and Experian. When this debt is reported, it could remain on your credit report for approximately seven years or more depending on the circumstances. 

If you have a collection account that is being credit reported by Jefferson Capital, and it is not accurate (amount of alleged debt, failure to properly report a payment plan entered into with the collection company, if you do not owe the debt, or any other reason) the credit report lawyers at The Kim Law Firm, LLC may be able to help. We provide no cost consultations to discuss your situation. 

Is Jefferson Capital Systems a Debt Buyer?

Yes.  Jefferson Capital purchases “junk debt” from a wide variety of businesses such as telecommunications companies, financers, banks and credit card companies. 

Does Jefferson Capital Harm Your Credit Score?

Yes. If Jefferson Capital reports an unpaid debt to the credit bureaus, that unpaid debt harms your credit score. 

Is Jefferson Capital a Scam?

Jefferson Capital is an actual debt collection Agency, but the company has been accused of debt harassment, which is when a debt collector repeatedly contacts a debtor in an attempt to collect on a debt. 

Jefferson Capital has also been accused of making inaccurate statements to debtors and potentially misleading them. If you have been contacted by Jefferson Capital, it is important to know your rights. Debt harassment is illegal, and you have the right to dispute the debt that Jefferson Capital is trying to collect from you. If you do not believe that you owe the debt, you can request proof from Jefferson Capital.  Any alleged debt asserted by Jefferson Capital will likely then be reported to credit reporting agencies.  

How do I get Jefferson capitals off my credit report?

Depending on your situation, there may be ways to remove Jefferson Capital from your credit report. If you have been the victim of debt harassment or inaccurate credit reporting relating to an alleged debt,you can consult with an attorney to discuss your legal options.

Pay for Delete 

For instance, you may be able to ‘pay for delete’ – in other words, make a payment or payments to resolve any alleged balance and have the Jefferson Capital account removed from your credit reports. On their website, Jefferson Capital states that its policy is “to request the credit bureaus delete the tradeline approximately 30 days after the final payment has been posted that resolves the account as paid in full or paid in full for less than the full balance.”

Paying the alleged balance (in full or less than in full) with Jefferson Capital is an expressly stated way by the company to have the collection account removed from your credit report. 

Settlement – Paying A Collection Account in Less Than Full

Because Jefferson Capital buys junk debt for far less than the account balance, you may be able to negotiate with it about settling the account for less than you owe. For example, if you owe $200 on a cell phone bill you may be able to settle for $80.

Jefferson Capital Contact 

If you need to get in touch with Jefferson Capital, you can do so by phone at 1-833-851-5552 or by mail at:

Jefferson Capital Systems, LLC

16 McLeland Rd.,

Saint Cloud, MN 56303

Filing a Lawsuit Against Jefferson Capital 

The Fair Debt Collection Practices Act (FDCPA) is a federal law that applies to debt collectors. The FDCPA prohibits debt collectors from using abusive, unfair, or deceptive practices when they collect debts.

If Jefferson Capital is attempting to collect a debt you’ve discharged in bankruptcy or a debt you simply do not owe, they may be violating various consumer laws, including the Fair Debt Collection Practices Act (“FDCPA”). Also, if Jefferson Capital is reporting inaccurate information relating to alleged debt on your credit report that you do not owe or is not accurate, they may be violating the Fair Credit Reporting Act (“FCRA”). If a consumer law is violated, you can sue Jefferson Capital to obtain relief and compensation for the violation. 

Here are some examples where consumers have initiated lawsuits against Jefferson Capital for asserted violations of various consumer laws:

  • Long v. Fenton & Mcgarvey Law Firm P.S.C., No. 1:15-cv-01924-LJM-DML (S.D. Ind. Dec. 14, 2016) an Indiana federal court class action case where plaintiff alleged violations of the FDCPA against Defendants Fenton & Mcgarvey Law Firm and Jefferson Capital for issuing debt collection letters that were false and misleading because, among other reasons, they failed to identify Jefferson Capital as the current creditor to who the alleged debt was owed;
  • Bahena v. Jefferson Capital Sys., LLC, No. 363 F. Supp. 3d 914, 918 (W.D. Wis. 2019) a Wisconsin federal court case where plaintiff alleged violations of the FDCPA and the Wisconsin Consumer Act (“WCA”) for Jefferson Capital filing a lawsuit to collect a debt without first providing a right-to-cure; and 
  • Bazemore v. Jefferson Capital Sys., LLC, No. CV 314-115 (S.D. Ga. May 11, 2015) a Georgia federal court class action case where plaintiff alleged violations of the FDCPA against Jefferson Capital for attempting to collect on time barred debts in a bankruptcy court.  

How do I get Jefferson capitals off my credit report?

Talk with a Consumer Litigation Lawyer About Inaccurate Credit Reporting or Unlawful Debt Collection Actions Initiated by Jefferson Capital 

Jefferson Capital may be attempting to unlawfully collect upon a debt, while also inaccurately credit reporting that debt. If that is the situation, contact the consumer litigation lawyers at The Kim Law Firm, LLC for help. Call us today. 

The Kim Law Firm, LLC (“KLF”) aggressively enforces consumer rights. We fight for the little guy. 

Your matter is not just another case – at KLF we treat all legal needs with the same particular care and attention that they deserve because we understand no two cases are alike.