How To Remove General Revenue Corporation From Your Credit Report


Zina Zumok

By Zina Zumok

Last updated 5/29/2020


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Summary: If you have a collection from General Revenue Corporation on your credit report, you may be wondering how to get rid of it. Learn how to remove General Revenue Corporation from your credit report - while saving thousands of dollars.

Trying to improve your credit can be pretty stressful.

If you have a less-than-stellar credit history, going through your report is like examining a detailed list of mistakes and regrets.

Finding a black mark next to a name you don’t recognize? Well, that just makes things even worse.

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People tend to be a little confused by the name General Revenue Corporation appearing on their credit report, because it’s not a company most borrowers have heard of.

In fact, it’s not a lending company at all. Instead, it’s a collection agency that takes on loan accounts that have defaulted.

If you’ve recently found a negative mark from General Revenue Corporation on your credit report, it’s likely related to your student loans.

Here’s what you need to know about the company - who they are, what they do and how to get their name removed from your credit report forever.

general revenue corporation

Who is General Revenue Corporation?

General Revenue Corporation is a debt collection agency primarily focused on student loans, specifically federal loans.

If General Revenue Corporation is calling you or listed on your credit report, it may be because you defaulted on a student loan. 

General Revenue Corporation is a legitimate debt collection agency with an A+ rating from the Better Business Bureau. They are a subsidiary of Navient, a student loan servicer.

How to Stop General Revenue Corporation from Reporting on Your Credit Report

If you owe money to General Revenue Corporation, there are ways to get the debt removed from your credit report.

First, send them a Debt Validation Letter. This letter asks them to prove that the debt is yours and that the amount owed is correct.

They have 30 days to respond and validate the debt, after which they have to stop reporting it to the credit bureaus.

Negative items on your credit file?  Our 609 credit dispute letters may be able to help get them removed.

If they do validate the debt, your next step will be to negotiate a “pay for delete” agreement.

This entails asking General Revenue Corporation to stop reporting the debt in exchange for you paying a lump sum, ideally less than the total amount owed.

The delete portion of this strategy is crucial. A paid collection that remains on your credit report is still a negative mark that will hurt your credit score.

The mark needs to be removed completely in order for your score to improve.

You should always get any pay for delete agreement in writing. If you don’t, General Revenue Corporation will be under no legal obligation to delete the collection. 

Once General Revenue Corporation agrees to a “pay for delete,” the next step is to negotiate how much you’ll pay.

Many borrowers assume they have to repay the full amount owed, but it’s common to negotiate for a lower sum.

An article from U.S. News & World Report found that collection agencies may settle for as low as 40-60% of the balance. 

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Don’t offer to pay 40% of the balance immediately when negotiating with a collection agency.

You should suggest a much smaller amount and wait for them to counter. Sometimes, collection agencies will be so desperate for payment that they’ll accept a lowball offer.

If the Collection is a Mistake

There are times when a collection agency makes a mistake when trying to collect a debt.

For example, General Revenue Corporation may try to collect from you if your Social Security Number is similar to someone who did default on their student loans.

If General Revenue Corporation has made a mistake, you need to dispute the debt with the three credit bureaus.

You can contact them here:

Credit Reporting Bureau Mailing Addresses:

Equifax

Experian

TransUnion

P.O. Box 740256

Atlanta, GA 30374-0256

P.O. Box 9701

Allen, TX 75013

P.O. Box 2000

Chester, PA 19016-2000

You should also dispute it on their websites:

When you file a dispute, set a reminder to check on that status of your claim a few weeks later.

It can take months to resolve a credit dispute, and you may have to follow up several times before action is taken.

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What if General Revenue Corporation Can't Validate the Debt?

If General Revenue Corporation can’t validate the debt within 30 days, they have to stop reporting it to the credit bureaus.

However, there’s a difference between not being able to validate a debt and removing it completely from their records.

Sometimes it takes more than 30 days to find the proof. When that happens, General Revenue Corporation can start reporting it again to the credit bureaus.

That’s when you can start the “pay for delete” process.

How to Stop Harassing Letters or Calls From General Revenue Corporation

Some collection agencies have a reputation for harassing consumers, calling at 2 a.m. or contacting their family members or coworkers.

On the BBB website, one commenter claims that General Revenue Corporation called her repeatedly to try to find her son’s ex-girlfriend’s sister who defaulted on a loan. 

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The Fair Debt Collection Practices Act has made it illegal for debt collection agencies to do this.

They’re not allowed to harass, lie or threaten the borrower. They should only call during regular business or waking hours.

They’re also not supposed to contact anyone besides the borrower.

If you’re being harassed by General Revenue Corporation, you should send them a certified letter to their address: 4660 Duke Drive, Suite 200, Mason, OH 45040-8466. You can also contact them by phone at (800) 234-1472.

Borrowers may request that a debt collection agency stop contacting them entirely.

The collection agency must abide by this request, but that doesn’t mean the debt goes away. The collection agency can still take action and sue you for the debt. 

If you’re too busy or overwhelmed to start the “pay for delete” process, contact a credit repair company to do it for you.

A collection on your report can make it difficult to qualify for any low-interest loans or credit cards, and can prevent you from qualifying for a mortgage altogether.

That’s why taking care of the collection from General Revenue Corporation is so important.

*Study found 48% of professional credit repair clients who stuck with their service for 6+ months saw an average of 100+ points to their credit score.  Source.

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Take The Fight To The Collection Company!

Tired of harassing phone calls, rude people, and lies? Hire our customer rated top credit repair company and take the fight to them!

Consultation is quick, easy, and free.

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