How to Remove Monarch Recovery From Your Credit Report

By now, we all know the importance of a good credit score. Whether you're looking to pay for a car, a home, college, or other major purchase, obtain certain kinds of employment, or receive a favorable interest rate needing financing, you need a high credit score. Keeping your credit score high means ensuring there's no derogatory information on your credit report.

If you've checked your credit report and seen "Monarch Recovery" or "Monarch Recovery Management" on your credit report, you'll want to get it as quickly as possible as it will drag down your score as long as it's there. Unfortunately, the process can be time-consuming, and if you're not careful, you might wind up having to pay more than you need to on your debt or even be subject to a lawsuit.

Is Monarch Recovery Legitimate?

Monarch Recovery is a legitimate debt collection agency based in Pennsylvania. The agency collects debts for various industries, including

• Banking
• Credit cards
• Medical
• Mortgage
• Property management
• Retail
• Utilities

So, if you've defaulted on a debt in one of these categories, Monarch may be calling you on behalf of your creditor.

How Do I Verify Whether Monarch Recovery is Trying to Collect a Legitimate Debt?

While the Monarch Recovery listing on your credit report likely represents a legitimate debt, the listing may be on your credit report in error. Sometimes, when a creditor transfers debtor information to a collection agency, that information can be compromised.

The debt collection agency may not receive the right information about the size of the debt you owe or whether it's been paid off already. And in some relatively rare cases, they may send a collection agency your contact information along with somebody else's debt.

When a debt collection agency fails to collect a significant amount of a debt portfolio, it may sell that portfolio to another creditor. In some cases, debt portfolios are sold to various creditors over time. The more a portfolio is sold, the more likely it is that individual account information will start to contain mistakes.

Why Have I Never Heard of Monarch Recovery Before?

Like many debt collection agencies, Monarch Recovery uses tactics like phone calls, texts, and prerecorded messages. You may not have received outreach from them before for a couple of reasons

1. They don't have your most up-to-date contact information.
2. You have restrictions on your phone that don't allow them to call you or flag their number as spam.
3. They only recently purchased your outstanding debt from your creditor.

However, if you see a listing for Monarch Recovery Management on your credit report, then most likely, a legitimate creditor has engaged the firm's services to collect the debt you owe.

What Can and Can't Monarch Recovery Do to Collect Your Debt?

Like other collection agencies, Monarch must abide by the provisions of the Fair Debt Collection Practices Act (FDCPA). Those provisions prevent Monarch from attempting to collect your debt by

• Lying about how much you owe
• Threatening to send demand letters to or arrest you
• Using profane language
• Calling early or late (outside the hours of 8:00 am and 9:00 pm)
• Calling at work after you've notified them that you are not permitted to take such calls there
• Reaching out to your family, friends, or co-workers about the debt you owe

However, collection agencies like Monarch can call, email, or text you, as well as send letters. They can also report your debt on your credit report.

How Can I Get Monarch Recovery Off My Credit Report?

It often surprises people to learn that paying off your debt doesn't automatically entitle you to have your collection account removed from your credit report. In fact, Monarch Recovery could remain on your credit report for as long as seven years, whether you pay it off or not.

You can attempt to have Monarch Recovery or other collections accounts removed from your credit report in one of the following ways

1. Ask for a debt validation letter, then dispute your debt in writing if you believe it's been inaccurately reported.
2. Ask for a Goodwill Removal Request if you've already paid it off.
3. Pay it in full and ask for the collections account to be removed.
4. Negotiate a settlement amount in exchange for removal.

You can reach Monarch Recovery through:

But no option is guaranteed to work. If not careful, you could wind up reopening a window for Monarch to send demand letters to you for the debt you owe. And even if you don't, getting a collection to account removed from your credit report can be a time-consuming and involved process, especially if you've never done it before.

Using DoNotPay to Clean Your Credit of Collections Listings

Managing tricky and tedious tasks like cleaning up your credit report is why DoNotPay exists. If you need a higher credit score quickly, we can help you start to remove those collections listings from your report with a few simple steps:

1. Search Clean Credit Report on DoNotPay.

2. Prepare a recent copy of your credit report that you can use as reference.

3. Let us guide you through the 4 potential options:

1. If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.

2. If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.

3. If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!

4. Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.

Once you've followed these steps, you'll be on a path towards improving your score from Poor to Fair, from fair to Good, or from Good to Excellent!

How DoNotPay Can Help You Manage Your Finances

With DoNotPay's credit clean-up tool, you can get yourself in better financial shape. But that's not all that DoNotPay is capable of. We can also help you

• Obtain financial aid
• Cancel unwanted services
• Pay your bills

But if you need to get Monarch Recovery off your credit report, you've come to the right place. We can help you understand how your score is determined and how things like collections, late payments, and inquiries can affect it. And DoNotPay can help you

• Remove collections accounts
• Dispute debts
• Increase your credit score

Sign up for DoNotPay and improve your financial health today!