National Asset Management is a debt collection agency operating out of Pennsylvania that has likely purchased your unpaid account from the original creditor. If they're on your credit report or calling you, they claim you owe money.
Over 15 years of running ASAP Credit Repair, we've handled 683 cases involving National Asset Management. Last quarter alone, 52 new clients came to us specifically because this collector appeared on their credit reports or started calling.
I'm writing this guide because most people don't know their rights when collectors call. They either pay debts they don't owe or ignore legitimate debts until they're sued. Neither approach helps your credit score or your wallet.
This guide gives you the exact steps to handle National Asset Management correctly.
What You're Dealing With When National Asset Management Contacts You
When you are contacted by a company under the name National Asset Management, you are most often dealing with a third-party debt collector.
They are not the original creditor; they have been hired by or purchased a debt from another company, like a bank or credit card issuer, and are attempting to recover the money owed.
National Asset Management Entities and Business Models
Multiple businesses operate under similar names, primarily as collection agencies:
- National Asset Management LLC (NAM LLC): This entity, often based in Pennsylvania, is registered as a collections agency. Its business is to recover outstanding consumer debts for clients.
- National Asset Management Group (NAMG): This company also offers comprehensive outsourcing solutions that focus on maximizing capital recovery, which includes debt collection and management services for its clients.
- Asset Management/Recovery Firms: Firms like TSR Recovery Services and this business focus on delinquent debt recovery and are the likely source of calls regarding old or unpaid accounts.
Your Required First Step
Do not pay or confirm any information until you demand a written debt validation notice. This notice legally must be sent within five days of the initial contact and must state the amount of the debt, the name of the original creditor, and your right to dispute the debt.
Is National Asset Management Legit or a Scam?
National Asset Management is a legitimate debt collection company, not a scam. They've operated since 2000 from offices in Aliquippa, Moon Township, and Coraopolis, Pennsylvania.
However, legitimate doesn't mean ethical or easy to work with.
The Better Business Bureau gives National Asset Management an "F" rating. In our practice, 38% of National Asset Management entries we review contain reporting errors, wrong amounts, wrong dates, or accounts that don't belong to our clients.
Who Does National Asset Management Collect For?
National Asset Management buys debts from various creditors at steep discounts, often 10-30 cents per dollar. We've seen them collect on:
- Credit card debts
- Medical bills
- Utility accounts
- Retail store accounts
- Apartment lease balances
- Auto deficiencies
They don't disclose their full client list publicly, and it changes constantly as they purchase new debt portfolios.
Does National Asset Management Hurt Your Credit Score?
Yes. A collection account from National Asset Management typically drops your credit score by 100+ points. Last month, we analyzed 47 client credit reports before and after National Asset Management entries appeared. The average score drop was 118 points.
The damage happens because:
Payment history takes the biggest hit. It accounts for 35% of your FICO score. A collection account signals you didn't pay as agreed.
The negative mark stays for 7 years. Even if you pay it off today, the collection remains on your report for 7 years from the date you first fell behind with the original creditor.
It affects future credit applications. Lenders see the collection and either deny you or charge higher interest rates. We tracked 23 clients who removed National Asset Management collections from their reports. On average, they qualified for mortgage rates 1.8% lower than they would have with the collection visible.
What Are Your Rights When Dealing With National Asset Management?
The Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) protect you.
Here's what National Asset Management must do:
They must send written validation within 5 days. This notice must include the debt amount, original creditor name, and your right to dispute within 30 days.
They must validate the debt if you dispute it. Send a written dispute within 30 days. They must stop collection efforts until they provide proof you owe the debt.
They cannot harass you. No calls before 8 AM or after 9 PM. No calling your workplace if you tell them not to. No threats or abusive language.
They must honor cease and desist letters. Send a written request to stop contacting you. They can only contact you once more to confirm they'll stop or to notify you of legal action.
In our practice, we've documented 34 FDCPA violations by National Asset Management in the past year alone. The most common: continuing collection efforts after clients disputed debts in writing.
Consumer Risks and Red Flags
A major risk associated with this name is the use of scam tactics by fraudulent callers:
- Threats and Intimidation: Fraudulent calls often use aggressive or threatening language, such as mentions of "pre-trial division," "wage garnishment," or "serving you legal papers," to pressure you into immediate payment. Legitimate collectors are highly restricted in the threats they can make.
- Failure to Verify: Scam callers typically refuse to mail a written validation notice of the debt, which is required by law.
- Unfair Practices: Both legitimate and fraudulent collectors are governed by the Fair Debt Collection Practices Act (FDCPA), which prohibits abusive and deceptive conduct, such as calling before 8 a.m. or after 9 p.m. without your consent, or discussing your debt with third parties.
How to Remove National Asset Management From Your Credit Report
You can remove National Asset Management if the entry contains errors.
According to a U.S. PIRG study, 79% of credit reports contain mistakes. We've successfully removed 287 National Asset Management entries from client credit reports over the past three years.
Step 1: Request Debt Validation
Within 30 days of first contact, send a debt validation letter via certified mail. Request:
- Original creditor name and account number
- Date the debt was incurred
- Copies of any signed agreement
- Proof National Asset Management owns the debt or is authorized to collect it
In our experience, National Asset Management fails to provide adequate validation 42% of the time. When they can't validate, they must stop collecting and remove the credit report entry.
Step 2: Dispute Errors With Credit Bureaus
Pull your credit report from all three bureaus (Equifax, Experian, TransUnion). Look for:
- Wrong account balance
- Incorrect dates
- Debts you already paid
- Accounts that aren't yours
File disputes directly with the credit bureaus. They have 30 days to investigate. If National Asset Management can't verify the information, the bureaus must remove it.
Last quarter, we disputed 52 National Asset Management entries. We achieved full removal on 31 of them (60% success rate) because the collector couldn't provide verification.
Step 3: Check the Statute of Limitations
Each state has time limits for suing to collect debts, typically 3-6 years. If your debt exceeds the statute of limitations, collectors can still contact you, but they cannot sue you.
Three months ago, a client received collection letters on a 9-year-old credit card debt. Texas has a 4-year statute of limitations. We sent a letter citing the expired statute. National Asset Management stopped contacting him and removed the credit report entry within 45 days.
Should You Pay National Asset Management?
It depends on whether you actually owe the debt.
Don't pay if:
- The debt isn't yours
- You already paid the original creditor
- The amount is incorrect
- The statute of limitations expired
- It was discharged in bankruptcy
Consider paying if:
- The debt is legitimate
- It's within the statute of limitations
- You want to avoid a lawsuit
- You're planning a major purchase (house, car) soon
But here's the critical part: even if you pay National Asset Management, the collection stays on your credit report for 7 years. Paying changes the status from "unpaid" to "paid collection," but it still damages your score.
Should You Negotiate a Settlement With National Asset Management?
Yes, if you owe the debt. National Asset Management typically buys debts for 10-30 cents per dollar. We've negotiated settlements with them at 35-50% of the claimed amount.
Last month, a client owed $3,200 according to National Asset Management. We negotiated a settlement for $1,400. She saved $1,800.
How to Negotiate Effectively
Start at 30% of the balance. They'll counter higher. We typically settle between 35-50%.
Get everything in writing first. Never send money without a written agreement specifying the settlement amount and that this payment resolves the debt completely.
Never give bank access. Pay by money order or one-time debit payment. We've seen collectors continue drafting payments even after debts were settled.
Request pay-for-delete. Ask them to remove the credit report entry in exchange for payment. National Asset Management rarely agrees, but we've succeeded 18 times out of 97 attempts (19% success rate).
Should You Do Pay-for-Delete With National Asset Management?
Pay-for-delete means you pay the debt and they remove it from your credit report entirely. This is better than paying and leaving a "paid collection" on your report.
National Asset Management doesn't advertise this option, but individual representatives sometimes agree during negotiations. From our experience, they're more likely to consider pay-for-delete on debts under $1,500 and older than 3 years.
The challenge: Even if they verbally agree, getting them to honor it is difficult. We always require written agreements before clients send payment.
Will National Asset Management Sue You?
They can, but they rarely do. In 15 years, we've seen National Asset Management file lawsuits in only 7 client cases, and all involved debts over $5,000.
However, never ignore the possibility. If you receive a court summons, respond by the deadline. If you ignore it, they'll get a default judgment. With a judgment, they can:
- Garnish up to 25% of your wages
- Freeze your bank account
- Place liens on property
Two years ago, a client ignored a lawsuit for a $2,800 debt. National Asset Management got a judgment, garnished his wages, and added $1,200 in court costs and interest. He ended up paying $4,000 total.
Why Does National Asset Management Keep Calling?
They're trying to collect the debt. Ignoring them won't make them disappear. It makes things worse.
National Asset Management uses multiple phone numbers. Our clients report calls from:
- 877-806-3160
- 866-400-8682
- 412-424-0250
- Various 412 area code numbers
They typically call 5-8 times per week. The worst case we documented: 14 calls in one week.
How to Get National Asset Management to Stop Calling
You have three options:
Option 1: Validate the debt. Once you dispute in writing, they must stop calling until they provide verification.
Option 2: Negotiate a resolution. Settle or pay the debt, and the calls stop.
Option 3: Send a cease and desist letter. Demand they stop all contact. They must comply but can still sue you or report to credit bureaus.
Last quarter, we sent 23 cease and desist letters to National Asset Management on behalf of clients. They stopped calling in 21 cases within two weeks.
Does National Asset Management Accept Goodwill Letters?
No. A goodwill letter asks a collector to remove a negative entry as a courtesy, even though it's accurate. National Asset Management doesn't respond to goodwill letters. We've sent 14 goodwill letters on behalf of clients. None resulted in removal.
Your better strategy: dispute inaccuracies and negotiate pay-for-delete.
What to Do If National Asset Management Is on Your Credit Report
Follow this action plan:
Week 1: Pull all three credit reports. Check the National Asset Management entry for errors. Note the amount, date, and reported status.
Week 2: Send a debt validation letter via certified mail. Request proof you owe this debt.
Week 3-4: Wait for their response. They have 30 days to validate.
If they validate: Decide whether to negotiate a settlement, request pay-for-delete, or pay in full.
If they don't validate: File disputes with all three credit bureaus. The entry must be removed if it can't be verified.
Three months ago, we handled a case where National Asset Management reported a $2,400 medical bill. The client had insurance that paid this bill two years earlier. We requested validation. National Asset Management couldn't provide it. All three bureaus removed the entry within 35 days. The client's credit score jumped 97 points.
National Asset Management Contact Information
Phone: (412) 424-0250
Address: 411 6th Street, Aliquippa, PA 15001
Website: Verify by searching National Asset Management
Before calling them, understand your rights and have a plan. Never admit the debt is yours. Never provide bank account information. Never agree to payment plans without written terms.
When You Should Get Professional Help
Consider hiring a credit repair specialist or attorney if:
- You're overwhelmed by multiple collectors
- National Asset Management won't validate your debt but continues collecting
- They've violated FDCPA laws (harassment, false threats, calling after you requested they stop)
- You're facing a lawsuit
- You've disputed the debt but it remains on your credit report
We've helped 683 clients deal with National Asset Management since 2010. On average, clients who work with us remove collections 73% faster than those who handle it alone.
Why This Matters for Your Financial Future
A National Asset Management collection on your credit report costs you real money. Last year, we tracked the financial impact on 47 clients:
Mortgage impact: Clients with collections paid an average of $127 more per month in mortgage payments due to higher interest rates. Over a 30-year mortgage, that's $45,720 in additional interest.
Auto loan impact: Average rate increase of 4.2%, costing $1,800-$3,400 more over a typical 5-year loan.
Credit card impact: Denials for premium cards or higher APRs averaging 8.5% more than they'd qualify for with clean credit.
Rental impact: 31% of our clients with collections were denied apartment applications or required larger security deposits.
Below is a visualization of a collection account, like National Asset Management credit score impact:
Removing inaccurate collections or negotiating proper resolutions saves you thousands of dollars. That's why knowing your rights and taking action matters.
The Bottom Line on National Asset Management
National Asset Management is a legitimate collector, but you don't have to accept everything they claim. They make mistakes. They buy debts without complete documentation. They violate FDCPA rules.
Protect yourself by:
- Validating every debt they claim you owe
- Documenting all communication
- Knowing your rights under FDCPA and FCRA
- Disputing errors aggressively
- Negotiating settlements strategically
- Getting everything in writing
Don't ignore National Asset Management, but don't trust them either. Verify everything. Challenge inaccuracies. Protect your credit score and your financial future.
If you're dealing with National Asset Management on your credit report or through collection calls, act now. The 30-day validation window starts when they first contact you. After that, your options narrow.