If P&B Capital Group LLC is listed as a collections account on your credit report or continues to call you, it’s stressful.
Any time you have a collections account on your credit report, negative information can significantly affect your credit score. When your credit score drops, you’ll have trouble qualifying for loans, credit cards, and other financial products.
Plus, if you are approved for any type of credit, your interest rates will likely be higher, and it could impact your current accounts. For example, if a current credit card issuer sees you’ve had a score drop, they might lower your available credit. This can affect your credit-to-debt ratio, leading to even further declines in your score.
Your financial situation can take a big hit from P&B Capital Group, so you’re likely wondering how to get them off your credit report and stop their calls. You could be especially confused if you’ve never heard of this company or don’t believe you have any past-due or delinquent debt.
If you see P&B Capital Group LLC listed on mail you’ve received or your credit report, first know that they are a debt collection company. P&B is a third-party collection agency, and other companies will hire them to collect unpaid and delinquent debts from their customers. P&B works in all 50 states.
The company has been in business since 2004 and is based in West Seneca, NY. The phone number to contact the company is 888-569-9635.
If you receive phone calls from P&B Capital Group, they’re trying to collect a debt. They work with companies and creditors to collect past-due debts.
If you start getting phone calls from a company or receive information in the mail, it’s easy to assume it’s a scam. After all, we’re inundated with scammers on a daily basis. P&B is not a scam, though—it’s a legitimate company, and if they call you, they believe you owe a debt.
As a third-party debt collection service, P&B collects in a variety of industries. They collect for credit card companies and car loan companies primarily, but others as well.
If you start to get phone calls from P&B Capital Group LLC, you should know that you have legal rights under the Fair Debt Collection Practices Act (FDCPA). Under this federal law, debt collectors are limited in how they can contact you, when, and where. For example, someone trying to collect a debt can’t contact you at times intentionally meant to be disruptive or inconvenient, which can include work.
Other things P&B Capital Group is prohibited from doing under this law include:
When a collector contacts you and claims you owe payment, they are legally required to provide you with information about the debt, including the name of the original creditor and the amount you owe. They have to inform you of your rights to dispute the debt. You should talk to a Fair Credit Reporting Act (FCRA) attorney as soon as you can if you hear from a debt collector. It’s better if you can avoid talking to them altogether until you have your case reviewed by an attorney.
You have the legal right to dispute some or all of the debt you’re being contacted about, and you can ask for more information to understand whether or not you owe a debt, but to reduce the risk of complications, an attorney can do this on your behalf.
While P&B Capital Group is a legitimate company and not a scam, they often have the wrong information, or errors are reported in your credit file.
Reasons for errors might include your name being mixed up with someone else’s or amounts or payment dates being wrong. You could have paid a debt listed as being in collections, or maybe you’re just an authorized user on an account rather than the actual account holder.
Under the Fair Credit Reporting Act, there are also requirements for when a debt should no longer appear on your credit report. After seven years, most debts are supposed to be removed, so P&B could call you about a debt that falls into this category.
If you believe there’s an error in your credit file, along with contacting an attorney, check your reports to see what information is reported. Remember to check all three of your major credit reports from the separate bureaus—Equifax, Experian, and TransUnion. The information can differ between the three.
When a dispute is filed, the company that reported that information should thoroughly investigate your claim. They have to do this within 30 days and then report their findings within five days of completing their investigation. Again, an attorney can handle this entire process for you.
Once you dispute information on your own that’s wrong or fraudulent, you might feel stuck if it’s not taken off your credit report. It could also be that even though you submitted a dispute with P&B Group, you haven’t heard back from them.
The negative information on your credit report continues to affect your finances, and your credit score can’t rebound because you can’t figure out a solution to the problem.
The only way to get the attention of a debt collector and get them to take the necessary steps is to work with an FCRA attorney.
If you’re dealing with P&B Capital Group LLC and want them off your credit report, or you want them to stop contacting you, contact Fair Credit. We’re FCRA attorneys, and we can help you reclaim your financial situation without P&B Capital Group negatively affecting you. Contact us for a free review of your case to determine the next steps.