Pendrick Capital Partners was a Virginia-based company that bought unpaid medical bills. KFF Health News reported in April 2025 that Pendrick had shut down and that the nonprofit Undue Medical Debt was acquiring its portfolio, about $30 billion in patient debt, to wipe it out.
- Type
- Debt buyer
- Also known as
- Pendrick
- Collects
- medical debt it purchased
42 debt collection complaints were sent to the Consumer Financial Protection Bureau about Pendrick Capital Partners from November 13, 2023 to November 12, 2026. A complaint is a consumer's account, not a finding that the company broke the law. Read the complaints in the CFPB database.
Who Is Pendrick Capital Partners?
Pendrick Capital Partners was a Virginia-based debt trading company that bought unpaid medical bills from healthcare providers. In April 2025, KFF Health News reported that Pendrick "has now shuttered" and that the nonprofit Undue Medical Debt had struck a deal to retire Pendrick's patient debts. The article put the face value of those debts at about $30 billion, owed by an estimated 20 million people.
According to the report, about half of those people live in Texas or Florida. About half of the debts were more than seven years old, and Pendrick donated those to Undue Medical Debt. Undue said it was paying $36 million to close the deal and planned to pay for the remaining debts over the following year and a half. The article identified Chris Eastman as Pendrick's chief executive.
Why Pendrick Capital Partners May Still Come Up
The CFPB received debt collection complaints naming Pendrick between late 2023 and 2026. If you see Pendrick's name today, it is most likely in one of these places:
- An old letter or credit report entry listing Pendrick as the owner of a medical account.
- A notice from Undue Medical Debt saying a medical debt has been forgiven.
- A collection agency or law firm that names Pendrick as the creditor on an older account.
How to Check a Debt Linked to Pendrick Capital Partners
With a medical debt that may have changed hands more than once, the key question is who owns it now.
- Ask the collector who the current owner is. The validation notice must name the creditor to whom the debt is currently owed (15 U.S.C. § 1692g(a)(2); 12 C.F.R. § 1006.34). If it still names Pendrick, ask in writing whether the account was part of the Undue Medical Debt transaction.
- Dispute in writing within the validation period. Ask for the original provider's name, the dates of service, an itemized bill and the chain of sales from the provider to the current owner.
- Get answers before you pay. Keep any letter from Undue Medical Debt saying an account was forgiven, and send a copy to anyone who later tries to collect it.
- Check the age of the account. In Texas, most debt suits must be filed within four years (Tex. Civ. Prac. & Rem. Code § 16.004), and a debt buyer may not sue on a time-barred consumer debt (Tex. Fin. Code § 392.307). Other states have different periods.
- Check your credit reports. If a Pendrick account still appears, you can dispute it with the credit bureau. See how medical collections are reported.
What a Debt Buyer Like Pendrick Can and Can't Do
Under Henson v. Santander Consumer USA Inc., 582 U.S. 79 (2017), a company collecting debts it owns isn't a debt collector under the "owed to another" part of the FDCPA's definition. It can still be covered if its principal purpose is collecting debts (15 U.S.C. § 1692a(6)). The agencies and law firms that collect for a debt buyer are covered either way. Under these rules, a collector working a Pendrick account:
- May not demand payment of a debt that has been forgiven or that it doesn't have the right to collect (15 U.S.C. § 1692e(2)(A)).
- May not sue or threaten to sue on a Texas consumer debt that is past the limitations period (Tex. Fin. Code § 392.307; 12 C.F.R. § 1006.26(b)).
- Must name the actual current owner in the validation notice (12 C.F.R. § 1006.34(c)(2)).
- May not call more than seven times in seven days about one debt (12 C.F.R. § 1006.14(b)(2)).
We did not find a CFPB enforcement action against Pendrick Capital Partners. See what a debt buyer is or our FDCPA attorneys page.
We Sue Debt Collectors That Break the FDCPA
Texas Debt Law files Fair Debt Collection Practices Act lawsuits against debt collectors in federal court for consumers in Texas, California, Illinois, Georgia and Colorado. If Pendrick Capital Partners or anyone collecting for it harassed you, misstated what you owe, threatened action it could not take, or told others about your debt, you may have a claim. A court can order a collector that violated the FDCPA to pay your actual damages, up to $1,000 in additional statutory damages, and your attorney's fees and costs (15 U.S.C. § 1692k(a)). An FDCPA claim generally must be filed within one year of the violation (§ 1692k(d)), so keep your letters, call logs, voicemails and screenshots, and talk to us early. Texas residents may also have claims under the Texas Debt Collection Act. Learn more from our FDCPA attorneys.
Free FDCPA Case Review(214) 851-2250
Or start your free case evaluation online. No lawyer can promise a result; every claim depends on its facts and proof.
Sources
- KFF Health News: Blockbuster deal will wipe out $30 billion in medical debt (Apr. 7, 2025)
- CFPB enforcement actions list (checked all pages)
- CFPB Consumer Complaint Database: Pendrick Capital Partners, debt collection
This profile is general information compiled from public sources, not legal advice, and it does not state or imply that Pendrick Capital Partners has violated any law. Company details change; tell us if something here is out of date.