Updated on February 19th, 2025 Author: stopcollections | Editor: stopcollections

Consumer Complaints Against Penn Credit Corporation

Disclaimer: The following content is a summary of complaints submitted to the Consumer Financial Protection Bureau (CFPB) by consumers. The information provided is intended to inform and educate consumers about potential issues and experiences reported with the mentioned entity. 

The data we’re about to discuss comes directly from consumer complaints submitted to the CFPB (Consumer Financial Protection Bureau). Our aim here is to shed light on these concerns and educate consumers about their rights. Whether you’re currently dealing with Penn Credit Corporation or just want to be more informed about your rights as a consumer, this guide provides insights into the most common issues and actionable steps you can take under the FDCPA (Fair Debt Collection Practices Act) and the FCRA (Fair Credit Reporting Act).

Key Complaints Reported by Consumers 

1. Attempts to Collect Debts That Are Disputed or Not Owed

Complaint Overview:

Consumers have repeatedly reported that Penn Credit continues to pursue debts that they clearly do not owe. Many consumers state they’ve provided dispute letters and supporting evidence to Penn Credit, yet the company allegedly persists in collection attempts without reasonable review or justification.

Your Rights & Next Steps:

• Under the FDCPA, debt collectors cannot continue collection efforts if you’ve disputed the debt in writing. Demand validation of the debt in writing.
• Use the FCRA to check your credit report for any unwarranted marks related to the disputed debt. File a dispute with the credit bureau to correct inaccuracies.

Take Action: If Penn Credit is pursuing a debt you’ve already disputed, consult with a legal expert to ensure your rights are upheld.

2. Failure to Provide Required Validation of Debts as Per FDCPA

Complaint Overview:

Consumers have expressed frustration over Penn Credit’s failure to provide requested debt validation. This leaves individuals without adequate assurance that the debt being claimed is accurate or legitimate. Transparency is a legal obligation under the FDCPA, but many complain they are left in the dark.

Your Rights & Next Steps:

• According to the FDCPA, collection agencies must provide written validation of debts upon request. This should include details like the original creditor and the amount owed.
• If this isn’t provided, you can issue a cease-and-desist letter to halt further communication until compliance is met.

Take Action: If you’ve requested validation but received no response, consult a consumer protection attorney to take further legal action.

3. Continued Collection Efforts After Debts Have Been Paid

Complaint Overview:

Some consumers report receiving collection notices and calls for debts that have already been paid. This practice causes confusion and, more importantly, negatively impacts personal finances and emotional well-being.

Your Rights & Next Steps:

• Request a “Paid in Full” or “Settlement” letter from the debt collector after clearing the debt. This serves as proof against future collection attempts.
• File a complaint with the CFPB and the attorney general in your state if harassment continues beyond resolution.

Take Action: If you’re still being contacted about a paid debt, seek legal advice to protect your peace of mind and financial records.

4. Reporting Incorrect Amounts or Debts to Credit Bureaus

Complaint Overview:

Consumers frequently claim that Penn Credit has erroneously reported incorrect debts to credit bureaus. This misinformation can severely damage credit scores and create further challenges when securing loans or financial products.

Your Rights & Next Steps:

• The FCRA gives you the right to dispute inaccurate information on your credit report directly with the bureaus (Experian, TransUnion, or Equifax).
• Request written confirmation of corrections once disputes are resolved.

Take Action: If your credit score has been impacted by incorrect reporting, contact a credit repair specialist or legal advocate to restore your financial standing.

5. Involvement of Identity Theft in Debt Claims

Complaint Overview:

A subset of complaints involves claims associated with identity theft. Consumers discover that debts being pursued by Penn Credit are not theirs but were fraudulently created by another individual. This creates additional stress as victims must untangle identity theft issues while fending off aggressive collection attempts.

Your Rights & Next Steps:

• File a fraud alert or credit freeze with the major credit bureaus to prevent further damage.
• Submit an affidavit of identity theft to the credit agencies and Penn Credit, along with supporting documentation.
• Report the theft to the FTC (Federal Trade Commission) via IdentityTheft.gov.

Take Action: If identity theft has led to unwarranted debt, seek immediate legal counsel to resolve the issue and protect your credit file.

Free Legal Assistance for Victims of Debt Collector Violations

If you’re facing similar issues with Penn Credit Corp, it’s crucial to know your rights and act quickly. You don’t have to deal with these violations alone.

How To Get Free Legal Assistance 

• Step 1: Reach out to our legal experts for a free consultation. 
• Step 2: Share your experience, and we’ll help assess whether your rights under the FDCPA or FCRA have been violated. 
• Step 3: If applicable, we’ll guide you through the process of filing a claim and stopping illegal collection practices.

Our legal experts specialize in protecting consumers like you from unfair debt collection practices. Take control of your situation today and assert your legal rights.

Contact us now for your FREE consultation and stop unfair debt collection practices in their tracks!

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