Have you come across the name Jefferson Capital Systems on your credit report or received recent phone calls from them? One forgotten credit card payment or medical bill can put you on their call list and damage your credit score for several years if left unresolved. In fact, in the U.S., a collections account on your credit report can have a negative impact for more than seven years. Fortunately, you can remove Jefferson Capital Systems from your credit report easily with a few strategic moves and professional resources.
What is Jefferson Capital Systems, LLC?
Whenever a company calls you repeatedly asking for payments, you probably wonder if it’s a scam. Jefferson Capital Systems is a legitimate debt collection agency, and it purchases debts from original creditors. Essentially, it buys charge-offs from an original service provider.
Jefferson Capital Systems has been purchasing and collecting debts since 2002. Headquartered in Saint Cloud, Minnesota, the agency earned more than $30 million in 2019.
Jefferson Capital Systems can appear under several names on your credit report, including Jefferson Capital LLC, Jefferson Capital Systems, Jefferson Capital Systems Verizon, or Jefferson Collection. The small agency collects debt from service providers in several industries as well as bankruptcy debt.
