No one wants to get the dreaded call or letter from a debt collector. If Paramount Recovery has been pursuing you for money, keep calm. We’ll help you understand who exactly this company is, what rights you have under federal law, and how you can resolve the situation as fast as possible.
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What is Paramount Recovery?
Paramount Recovery Systems (Paramount Recovery) is a debt collection agency based out of Waco, Texas. They serve as a third-party customer management service to businesses. Their services include tracking down and collecting on unpaid accounts.
Other names for Paramount Recovery
If Paramount Recovery is pursuing you for a debt, they will likely appear on your credit report. They can show up on your credit report under different names, including:
- Paramount Recovery
- Paramount Recovery Systems
- Paramount Recovery Systems, LP
Who does Paramount Recovery collect for?
Paramount Recovery collects debts on behalf of different businesses in various sectors. They may pursue debts from the following industries (and more):
- Real estate
- Financial services
Is Paramount Recovery a legitimate business?
Yes, Paramount Recovery is a legitimate business that was started in 2001 and BBB-accredited in 2009. Although they’re a legitimate business, they may not always use ethical practices to collect debts. They have a B rating with the Better Business Bureau (BBB) and have garnered over 400 complaints there. 1
When dealing with debt collectors like Paramount Recovery, it’s important to know your rights so you don’t fall victim to harassment.
How to deal with Paramount Recovery
Ready to take control of your debt with Paramount Recovery? Choose the methods you want to attempt below.
If the debt is inaccurate, learn how to remove the collection from your credit report.
If your rights are being violated, learn how to fight back using protections under federal law.
If you're not certain the debt is yours, request more information (and temporarily stop collection efforts).
If you're ready to pay up, learn how to do it in a way that keeps you on better financial footing.