Is L.B.Gray LLC A Debt Collection Agency on Your Credit Report?
Short answer: L.B.Gray LLC A Debt Collection Agency (LBGD) is a real, legitimate third-party collection agency based in Indianapolis, IN. It is not a scam — but a legitimate collector can still report a debt that is inaccurate, unverified, past the statute of limitations, or not even yours. You have the right to demand proof before you pay a cent.
Who Is L.B.Gray LLC A Debt Collection Agency?
L.B.Gray LLC A Debt Collection Agency runs its collection activity from Indianapolis, Indiana. Accounts handed to a third-party agency usually still belong to the original creditor, so L.B.Gray LLC A Debt Collection Agency's authority rests on a servicing contract you never signed and are entitled to see. Indiana accounts for the largest share of complaints against it (25 of 48), with the remainder spread across other states. It responded inside the CFPB's timeliness window on 100% of those complaints. Its second-most-common complaint category is false statements or misrepresentation (10 filings). The Indianapolis headquarters used here was corroborated across 5 independent public sources, because CFPB publishes the consumer's state rather than the company's address. A validation request costs a stamp and shifts the burden of proof onto L.B.Gray LLC A Debt Collection Agency.
You may also see this company on your report or in letters as: LBGD.
What most people don't know about LBGD:
On the CFPB's public complaint file, L.B.Gray LLC A Debt Collection Agency carries 48 debt-collection complaints, the single most common being attempts to collect a debt the consumer says is not owed (17 of them, 35%). The public response breakdown shows 1 closed with non-monetary relief. The database also records how the company answered each one.
Why Is LBGD on My Credit Report?
L.B.Gray LLC A Debt Collection Agency typically collects consumer credit accounts, utility and telecom balances, medical bills. A collection like this usually lands on your report because:
- ✅ An original account (a consumer credit accounts, for example) went unpaid and was charged off.
- ✅ The account was placed with L.B.Gray LLC A Debt Collection Agency to collect on behalf of the original creditor.
- ✅ L.B.Gray LLC A Debt Collection Agency furnished the account to one or more of the three credit bureaus (Equifax, Experian, TransUnion).
Important: a collection account on its own does not prove you owe the debt or that the amount is correct. That's where your rights come in.
Your Rights When LBGD Contacts You
Federal law — the Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) — gives you powerful tools. Here is the playbook we use at Crowned Credit.
1. Debt Validation (FDCPA §809)
Within 30 days of first contact, send LBGD a written debt-validation letter. They must prove the debt is yours, the amount is correct, and they have the legal right to collect. If they can't, they must stop collecting and it should come off your report.
2. Dispute With the Bureaus (FCRA §611)
You can dispute the LBGD tradeline directly with Equifax, Experian, and TransUnion. The bureaus have 30 days to investigate. If the account can't be verified, the law requires it be deleted or corrected.
3. Cease-and-Desist
You can demand in writing that LBGD stop contacting you. They can still report and sue, but they must stop calls and letters — useful for stopping harassment while you build your case.
4. Pay-for-Delete (in writing only)
If the debt is valid and yours, you may negotiate to pay in exchange for deletion of the tradeline. Never pay on a verbal promise — get the pay-for-delete agreement in writing first.
5. Statute of Limitations
Every state has a time limit on how long a collector can sue you for a debt. If the debt is "time-barred," LBGD can still ask for payment but generally cannot win a lawsuit — and making a payment can dangerously restart the clock.
6. Protection From Harassment
The FDCPA bars LBGD from calling at unreasonable hours, threatening you, or lying. Every violation is potential leverage — and may entitle you to damages.
How Crowned Credit Helps With LBGD
We don't send cookie-cutter form letters. We investigate the specific account, assert every applicable right, and work it with all three bureaus and the collector directly.
Review & Validate
We pull all three bureau reports, find every error on the LBGD entry, and demand full debt validation.
Dispute & Escalate
Hand-packed disputes go to the bureaus and the collector. When they fail to investigate properly, we escalate to the CFPB and, where warranted, attorneys.
Track & Build
We monitor deletions in real time and coach you on rebuilding once inaccurate items are addressed.
See our transparent pricing — no long-term contracts.
L.B.Gray LLC A Debt Collection Agency — Frequently Asked Questions
Is L.B.Gray LLC A Debt Collection Agency a scam or a legitimate company?
L.B.Gray LLC A Debt Collection Agency is a real, registered third-party collection agency headquartered in Indianapolis, IN. It is a legitimate business — but "legitimate company" does not mean the specific debt it's reporting is accurate, validated, or even yours. Scammers do sometimes impersonate well-known collectors like LBGD, so always demand written validation before paying anything.
Why is L.B.Gray LLC A Debt Collection Agency on my credit report?
L.B.Gray LLC A Debt Collection Agency runs its collection activity from Indianapolis, Indiana. Accounts handed to a third-party agency usually still belong to the original creditor, so L.B.Gray LLC A Debt Collection Agency's authority rests on a servicing contract you never signed and are entitled to see. Indiana accounts for the largest share of complaints against it (25 of 48), with the remainder spread across other states. It responded inside the CFPB's timeliness window on 100% of those complaints. Its second-most-common complaint category is false statements or misrepresentation (10 filings). The Indianapolis headquarters used here was corroborated across 5 independent public sources, because CFPB publishes the consumer's state rather than the company's address. A validation request costs a stamp and shifts the burden of proof onto L.B.Gray LLC A Debt Collection Agency. It most commonly collects consumer credit accounts, utility and telecom balances, medical bills. It likely appeared after an original account went unpaid and was placed with them for collection. On the CFPB's public complaint file, L.B.Gray LLC A Debt Collection Agency carries 48 debt-collection complaints, the single most common being attempts to collect a debt the consumer says is not owed (17 of them, 35%). The public response breakdown shows 1 closed with non-monetary relief. The database also records how the company answered each one.
Can L.B.Gray LLC A Debt Collection Agency be removed from my credit report?
Yes — inaccurate, unverifiable, or improperly reported LBGD collection accounts can be removed. Under the FCRA, the credit bureaus must investigate your dispute, and if L.B.Gray LLC A Debt Collection Agency cannot verify the debt, it must come off your report. Crowned Credit reviews the account for errors, demands debt validation, and disputes it with all three bureaus.
Should I pay L.B.Gray LLC A Debt Collection Agency or dispute it first?
Do not pay before you validate. Once you confirm a collection is yours, accurate, and within the statute of limitations, you may consider a pay-for-delete agreement in writing. But paying an unverified or time-barred debt can restart the clock and lock in a negative entry. Get a free assessment before you send any money to LBGD.
How long can L.B.Gray LLC A Debt Collection Agency report this debt?
Most negative collection accounts can remain on your credit report for up to seven years from the original delinquency date — not from when L.B.Gray LLC A Debt Collection Agency acquired or began collecting it. If the account is being "re-aged" to look newer, that is a reporting violation you can dispute.
Will L.B.Gray LLC A Debt Collection Agency sue me?
Some collectors and debt buyers do file lawsuits, especially before the statute of limitations expires. If you are served, do not ignore it. Validate the debt, check whether it is time-barred in your state, and get help. Most third-party agencies focus on collection rather than litigation, but you should still respond to any legal notice.
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