Penn Credit is a debt collection agency. They're probably on your credit report as a 'collections' account. This usually happens when you forget to pay a bill. If a collection is on your credit report, it's damaging your credit score (unless removed).
You may not have to pay your debts.
Paying your debts doesn't help your credit, either. In fact, paying may lower your credit score.
(Debt collectors hate us for sharing this information.)
We might be able to fix your credit and you might not have to pay a single dime. Call us now to learn more: 866-529-4304
Is Penn Credit A Real Company, Or A Scam?
Penn Credit Corporation is a real, legitimate company. Originally founded on June 1987 in Pennsylvania, currently headquartered in Harrisburg, PA, they are a medium sized collection agency in the US. With roughly 200 employees, they generated over $20 million in revenue in 2019. Their mailing address is 2800 Commerce Dr, Harrisburg, PA 17110.
Penn Credit may appear on your credit report as "penn collection agency", "penn credit corporation", "penn credit corp", "penn credit pcc trust", or "cbe collections".
Should I Negotiate A Settlement Or Pay Penn Credit?
Unfortunately, settling (in full or not) will not help your credit. Once a collection account is added to your credit report, your score will be damaged for seven years regardless of payment. Fortunately, you have options. Credit Glory has deleted collections from Penn Credit for thousands of clients nation-wide.
We can help you too.
Will Penn Credit Bring A Lawsuit Against Me, Sue Me, Or Garnish My Wages?
No, not always. But if they do it’s not a good thing and can be a very scary experience. If you work with a professional like Credit Glory to challenge their debt, ensuring accuracy, timeliness, and validity of their reporting, you may never have to deal with them ever again. Call to learn how we can help you avoid lawsuits and being sued altogether, while fixing your credit.
Penn Credit Complaints
This business currently sits with roughly 980 complaints filed with the Consumer Financial Protection Bureau (or CFPB) and over 190 with the Better Business Bureau. Many complaints are about inaccurate reporting and/or lack of response to debt verification requests.
This means working with a professional like Credit Glory to challenge your negative accounts has a good chance to get them deleted, improving your score and allowing you to qualify for the home, car, and credit cards you need.
Can You Remove Penn Credit Collection Accounts?
Credit Glory specializes in disputing Penn Credit accounts and have removed them for thousands of clients nation-wide, and can help you too.
Get Your Collections Removed Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (866-529-4304) or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.