Pendrick Capital Partners on Your Credit Report? Here’s What It Means & How to Remove It
by Joe Mahlow • Updated on Mar. 20, 2026
Pendrick Capital Partners typically focuses on healthcare-related debt, which means many consumers are surprised to see them listed. Especially if the original bill was tied to insurance issues, billing errors, or unpaid balances they weren’t fully aware of. In some cases, the debt may have already changed hands multiple times before reaching them.
If you see Pendrick Capital Partners on your credit report, it’s important not to ignore it. You have the right to verify the debt, dispute inaccurate information, and explore options for removal or resolution. Depending on your situation, this could involve validating the account, negotiating a settlement, or using credit repair strategies to potentially have the collection removed entirely.
Pendrick Capital Partners · Medical Debt · Credit Report · Consumer Rights
Pendrick Capital Partners is a debt collection agency that may appear on your credit report if you have an unpaid account that has been sent to collections. They typically collect on behalf of healthcare providers or purchased medical debt. If you see Pendrick Capital Partners on your credit report, it could impact your credit score, but there are ways to address and potentially remove it.
Updated March 2026 · 9 min read · Sources: CFPB Complaint Database, BBB, Undue Medical Debt (April 2025), SoloSuit
Pendrick Capital Partners on Your Credit Report: Pendrick Capital Partners is a debt collection agency that specializes in collecting medical debt. If they appear on your credit report, it usually means an unpaid medical account was sold to them by the original healthcare provider. Pendrick has acquired over 55 million accounts since 2010. However, in April 2025, Pendrick sold $30 billion of its medical debt portfolio to nonprofit Undue Medical Debt, erasing balances for approximately 20 million qualifying Americans. Your debt may already be erased. This guide tells you exactly what to check and what to do.
She had been worried about it for months. A $890 collection from an ambulance company sitting on her credit report, reported by Pendrick Capital Partners. It was from 2022. Her insurance had covered most of it, but a residual balance she was not told about had been sent to collections quietly. She called our office asking how to dispute it.
Before we even started the dispute process, we asked her to check whether her debt was included in Pendrick's April 2025 sale to Undue Medical Debt, a nonprofit that erases qualifying balances. It was. Her debt was already gone. The credit report entry just had not updated yet. We filed the dispute. It was removed within 28 days.
At ASAP Credit Repair USA, this is the most important thing to check first if you are dealing with Pendrick Capital Partners in 2026. But even if your debt was not included in that sale, you have real options. This guide covers all of them.
Who Is Pendrick Capital Partners?
Pendrick Capital Partners LLC is a debt collection agency that specializes in purchasing and collecting medical debt. Founded in 2010 and based in Alexandria, Virginia, Pendrick has acquired over 55 million healthcare accounts with more than $16 billion in face value. They work with hospitals, ambulance companies, physician groups, and other healthcare providers. In April 2025, they announced the sale of $30 billion of their medical debt portfolio to nonprofit Undue Medical Debt.
What Industries Do Pendrick Capital Partners Focus On?
Pendrick Capital Partners focuses primarily on healthcare and medical debt. This includes accounts from hospitals, ambulance services, physician groups, urgent care centers, and outpatient facilities. They purchase both recently defaulted accounts and older aged receivables. While healthcare is their primary market, they have also collected on credit card balances and personal loans. Their affiliated collection network includes Phoenix Financial Services and Affiliate Asset Solutions.
If you are seeing Pendrick Capital Partners on your credit report, the debt almost certainly originated with a healthcare provider. Common sources include:
- Emergency room visits where out-of-pocket costs remained after insurance processing
- Ambulance services that billed separately from the hospital
- Physician or specialist fees not fully covered by your plan
- Outpatient procedures with deductibles or copays that were never resolved
- Balances that arose from insurance disputes where the provider filed claims late
Why Is Pendrick Capital Partners on My Credit Report?
Pendrick Capital Partners appears on your credit report because they purchased or were assigned a medical debt connected to your name. This happens when a healthcare provider sells unpaid accounts to a debt buyer. Pendrick then reports the collection to Equifax, Experian, and TransUnion. This can occur even if the original debt was covered by insurance, disputed with the provider, or was from a visit years ago that you do not remember.
Is Pendrick Capital Partners Legit or a Scam?
Pendrick Capital Partners is a legitimate, licensed debt collection agency, not a scam. They were incorporated in 2010 and are regulated under the FDCPA. However, they have received 77 CFPB complaints since 2016 and 56 BBB complaints in the past three years. The most common allegations involve attempting to collect debts not owed, failing to provide validation when requested, and reporting inaccurate information to credit bureaus. Always verify before paying.
What real consumers say about Pendrick Capital Partners
A 2017 CFPB complaint describes a consumer whose father passed away. The ambulance service had been paid in full but the account was sold to Pendrick's affiliate before the payment was recorded. The family continued receiving collection letters from Affiliate Asset Solutions on behalf of Pendrick, even after sending proof of payment multiple times. No acknowledgment of the dispute was ever made until the CFPB complaint was filed.
A recent BBB complaint states: "Pendrick Capital bought my alleged medical debt from a healthcare provider in 2023. The debt was not owed because the provider failed to file the charges to the insurance company until 10 months after the date of service."
Another BBB complaint describes a consumer who was pressured to pay under threat of credit damage while dealing with a disability and SSI approval, receiving calls from multiple numbers to avoid blocking. These patterns of aggressive contact and failure to verify account accuracy are the most consistent themes across consumer complaints.
Your Pendrick Capital Partners Debt May Already Be Erased
In April 2025, Pendrick sold $30 billion in qualifying medical debt to Undue Medical Debt. If you were at or below 400% of the federal poverty level when the debt was incurred, or if medical debt represents 5% or more of your annual income, your balance may already be erased. A free credit audit confirms whether the Pendrick entry is still reporting and whether it is accurate.
How Does Pendrick Capital Partners Affect Your Credit Score?
A Pendrick Capital Partners collection account can lower your credit score by 50 to 100 points or more depending on your starting score and the scoring model your lender uses. Under FICO 8, the model used by most lenders, medical collections carry significant weight. FICO 9 gives paid medical collections less weight, and VantageScore 4.0 ignores all medical debt. The Pendrick entry will stay on your report for up to 7 years from the original delinquency unless removed earlier.
The impact is greatest for consumers with otherwise clean credit. Someone with a 760 score before the collection may drop to the mid-600s. The damage gradually decreases as the account ages, but it does not disappear until the entry is either removed through a dispute or pay-for-delete, or the 7-year FCRA reporting period expires.
How to Remove Pendrick Capital Partners From Your Credit Report
To remove Pendrick Capital Partners from your credit report: first check whether your debt was included in the April 2025 Undue Medical Debt acquisition. If it was, file an FCRA dispute citing the erasure. If not, send a written debt validation letter to Pendrick by certified mail. File FCRA disputes with all three bureaus if any error exists. If the debt is valid, negotiate a pay-for-delete agreement before paying. Under the 2023 bureau policy, medical collections under $500 should already be removed.
Can You Dispute Pendrick Capital Partners?
Yes. Under the FCRA, you have the right to dispute any inaccurate, incomplete, or unverifiable information on your credit report. If the Pendrick Capital Partners entry contains any error, including a wrong balance, wrong date, wrong original creditor, a debt that was already paid, or a debt included in the April 2025 Undue Medical Debt acquisition, file disputes with Equifax, Experian, and TransUnion simultaneously. The credit bureaus have 30 days to investigate and must remove the item if Pendrick cannot verify it.
Pendrick's own debt purchasing model creates dispute opportunities that other types of collectors do not. Because they buy aged accounts in bulk, the chain of ownership documentation is frequently incomplete. The original healthcare provider's records, insurance adjustments, and billing corrections made after the sale are often not passed along with the account. When you dispute a Pendrick entry and they cannot produce a complete chain-of-title with an accurate original balance, the bureaus must remove it.
Should You Pay Pendrick Capital Partners or Not?
Do not pay Pendrick Capital Partners until you have verified the debt is yours, the amount is accurate, and your balance was not erased in the April 2025 Undue Medical Debt acquisition. If the debt is valid and payment is the path forward, always negotiate a written pay-for-delete agreement before sending any money. Paying without deletion leaves the collection on your report for up to 7 years with minimal benefit to your score.
Given Pendrick's transition out of medical debt collection following the April 2025 sale, they may be significantly more flexible on settlement terms than in prior years. Accounts not covered by the nonprofit acquisition are still collectible, but Pendrick's motivation to pursue them aggressively has decreased. This creates a better environment for consumers to negotiate favorable settlements with deletion.
How to Stop Collection Calls From Pendrick Capital Partners
To stop collection calls from Pendrick Capital Partners, send a written cease-and-desist letter by USPS certified mail. Under the FDCPA, they must stop all collection contact after receiving your letter. The only permitted follow-up is a single written notice confirming receipt or notifying you of a specific legal action. Any calls after confirmed delivery are FDCPA violations worth up to $1,000 in statutory damages per violation.
Send your cease-and-desist to: Pendrick Capital Partners LLC, 1714 Hollinwood Drive, Belleview, VA 22307-1926. If Pendrick's collector network is contacting you through an affiliated agency like Phoenix Financial Services or Affiliate Asset Solutions, you may need to send separate letters to each entity. Keep all USPS tracking numbers and the green return receipt cards as legal proof of delivery.
Note: Given the April 2025 portfolio sale, a significant portion of Pendrick's active collection activity has wound down. If you are still receiving calls from them or their affiliates in 2026, the debt may be one of the remaining accounts not covered by the Undue acquisition, or the collection may have been reassigned to a third-party agency. Verify which entity is actually calling before deciding who to send your letter to.
Pendrick Capital Partners Is Exiting Collections. Use That Window.
With Pendrick's $30 billion portfolio sold to a nonprofit and their active collection activity winding down, 2026 is an unusually favorable time to dispute and negotiate removals. Our team manages the full process from audit to confirmed deletion.
Full 3-bureau audit of every Pendrick entry and verification of the 2025 debt erasure
Certified debt validation letters sent to Pendrick and any affiliated collectors
FCRA disputes filed simultaneously with Equifax, Experian, and TransUnion
Pay-for-delete negotiation and bureau deletion confirmation tracked
Most clients see the first confirmed bureau updates within 30 to 45 days.
Start My Free Credit Review → No obligation · Secure · Results within 30 to 45 days in most casesFrequently Asked Questions
Who is Pendrick Capital Partners?
Pendrick Capital Partners LLC is a debt collection agency founded in 2010 and based in Alexandria, Virginia. They specialize in purchasing medical debt from healthcare providers and have acquired over 55 million accounts with more than $16 billion in face value. In April 2025, they sold $30 billion of qualifying medical debt to nonprofit Undue Medical Debt, covering approximately 20 million consumers.
What industries do Pendrick Capital Partners focus on?
Pendrick Capital Partners focuses primarily on healthcare and medical debt, including accounts from hospitals, ambulance companies, physician groups, and outpatient facilities. They also collect on credit card and personal loan balances. Their affiliated collection network includes Phoenix Financial Services and Affiliate Asset Solutions. Healthcare receivables management is their primary specialty.
What is the phone number for Pendrick Capital Partners?
Pendrick Capital Partners' primary reported phone numbers are (866) 335-3361 and (703) 837-7680. Their mailing address is 1714 Hollinwood Drive, Belleview, VA 22307-1926. They also operate from 2331 Mill Road, Suite 510, Alexandria, VA 22314-4687. Never provide personal or financial information over the phone to an unverified caller. All formal communication should be sent by certified mail.
Is Pendrick Capital Partners legit or a scam?
Pendrick Capital Partners is a legitimate, licensed debt collection agency, not a scam. However, the CFPB has closed 77 complaints against them since 2016 and the BBB has closed 56 complaints in the past three years. The most common allegations involve collecting debts not owed and failing to provide validation. Always request written proof of the debt before taking any action or making any payment.
Why is Pendrick Capital Partners on my credit report?
Pendrick Capital Partners appears on your credit report because they purchased or were assigned a medical debt connected to your name. This can happen even if the original debt was covered by insurance, disputed with the provider, or if the balance arose from a billing error. Their records frequently carry inaccuracies because they purchase accounts in bulk without updated insurance payment data.
How do I remove Pendrick Capital Partners from my credit report?
First check whether your debt was erased in the April 2025 Undue Medical Debt acquisition. If it was, file an FCRA dispute. If not, send a debt validation letter by certified mail, file FCRA disputes with all three bureaus if errors exist, and negotiate a written pay-for-delete agreement before any payment. Medical collections under $500 should already be removed per 2023 bureau policy.
Can Pendrick Capital Partners sue you?
Yes, Pendrick has been named in at least 10 civil litigation cases in federal court records. However, following the April 2025 sale of their $30 billion portfolio, active litigation is significantly less likely. They can still sue for accounts not covered by the Undue acquisition, particularly on larger balances. If you receive court papers from Pendrick, respond before the stated deadline to avoid a default judgment.
Related Reads and Additional Resources
- How to Remove Grant and Weber Collections From Your Credit Report — Another large medical debt collector with similar validation and dispute strategies. If both appear on your report, the same process applies to each simultaneously.
- How to Remove Collections From Your Credit Report — The complete FCRA dispute guide covering validation letters, bureau disputes, and pay-for-delete negotiations for every type of collection.
- How to Clean Your Credit Report the Proven Way — A full step-by-step system for removing negative items including collections, late payments, and errors across all three bureaus.
- CFPB Complaint Portal — File a formal complaint against Pendrick Capital Partners if they violate the FDCPA or fail to respond to your validation request.
- Undue Medical Debt — The nonprofit that acquired $30 billion in Pendrick medical debt in April 2025. Verify whether your qualifying balance has been erased.