Is Select Portfolio Servicing Collections on Your Credit Report?
Short answer: Select Portfolio Servicing Collections (SPS Collections) is a real, legitimate third-party collection agency based in Salt Lake City, UT, operating since 1989. 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 Select Portfolio Servicing Collections?
Select Portfolio Servicing Collections is the SPS collection function, a Salt Lake City-based subservicer specializing in distressed and non-performing residential mortgages.
You may also see this company on your report or in letters as: SPS Collections, Select Portfolio, SPS.
What most people don't know about SPS Collections:
Select Portfolio Servicing (SPS) specializes in servicing distressed and non-performing mortgages out of Salt Lake City, Utah — SPS was subject to a 2007 FTC settlement over servicing conduct and continues to service seasoned portfolios, so RESPA §6 (Qualified Written Request) is the primary way to force records on any specific loan.
Why Is SPS Collections on My Credit Report?
Select Portfolio Servicing Collections typically collects mortgage debt, non-performing mortgages. A collection like this usually lands on your report because:
- ✅ An original account (a mortgage debt, for example) went unpaid and was charged off.
- ✅ The account was placed with Select Portfolio Servicing Collections to collect on behalf of the original creditor.
- ✅ Select Portfolio Servicing Collections 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 SPS Collections 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 SPS Collections 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 SPS Collections 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 SPS Collections 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," SPS Collections 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 SPS Collections 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 SPS Collections
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 SPS Collections 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.
Select Portfolio Servicing Collections — Frequently Asked Questions
Is Select Portfolio Servicing Collections a scam or a legitimate company?
Select Portfolio Servicing Collections is a real, registered third-party collection agency headquartered in Salt Lake City, UT, in business since 1989. 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 SPS Collections, so always demand written validation before paying anything.
Why is Select Portfolio Servicing Collections on my credit report?
Select Portfolio Servicing Collections is the SPS collection function, a Salt Lake City-based subservicer specializing in distressed and non-performing residential mortgages. It most commonly collects mortgage debt, non-performing mortgages. It likely appeared after an original account went unpaid and was placed with them for collection. Select Portfolio Servicing (SPS) specializes in servicing distressed and non-performing mortgages out of Salt Lake City, Utah — SPS was subject to a 2007 FTC settlement over servicing conduct and continues to service seasoned portfolios, so RESPA §6 (Qualified Written Request) is the primary way to force records on any specific loan.
Can Select Portfolio Servicing Collections be removed from my credit report?
Yes — inaccurate, unverifiable, or improperly reported SPS Collections collection accounts can be removed. Under the FCRA, the credit bureaus must investigate your dispute, and if Select Portfolio Servicing Collections 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 Select Portfolio Servicing Collections 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 SPS Collections.
How long can Select Portfolio Servicing Collections 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 Select Portfolio Servicing Collections acquired or began collecting it. If the account is being "re-aged" to look newer, that is a reporting violation you can dispute.
Will Select Portfolio Servicing Collections 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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