What does CLLCTIONSUSA mean on my credit report?

Is CLLCTIONSUSA making an impact on your credit score?

Updated January 1, 2023
Header image

What is CLLCTIONSUSA?

CLLCTIONSUSA is shorthand for Collections USA Inc, with the company name being Collections USA Inc Inc

There is always an additional cost for this service; however, it will be free of charge if we are able to recover the amount owed from the debtor. For your extra piece of mind, we are bound and certified to ensure the best possible service.

CLLCTIONSUSA is a Collections Agency provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.
  • ⚫ You opened an account with Collections USA Inc.
  • ⚫ Collections USA Inc bought your debt and are now trying to collect on it.
  • ⚫ You opened a credit card / loan / mortgage with this company.
  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Collections USA Inc:

Address:

  • 221640 N 19th Ave # C3, Phoenix, AZ 85027, United States

Website:

Email:

Phone:

Payments

To make a payment, log in to your account or use the Quick Pay option. You can also contact Collections U.S.A. at (800) 743-0434. You cannot get a payment refund, but payments can be made over the phone or online. There is no discount for automatic payments, but you can make a payment using a mobile app or prepaid debit card. Penalties may result from late or missed payments.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? Yes
Can I make payments online? Yes
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

The website does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, the borrower must make 120 qualifying payments while employed full-time by a qualifying employer.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, over the phone, or in person. You can also use a mobile app to apply for a loan. If you don’t have good credit, you may need to use a cosigner to get approved for a loan.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? No
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

What is a Collections Agency?

Collection agencies appear on your report when a company has failed to collect an outstanding debt. If a creditor has sent your debt to collections, they expect to receive only a portion of any money collected. For them, this is preferable to receiving nothing at all continuing the process of trying to collect your debt themselves. However due to the agressive nature of some collection agencys, you may feel threatened or harrassed by them. However, the good news is that if they inaccurately reported your debt and you take the correct credit repair action, there is a good chance that you will not have to repay and inaccurately reported debt.

How do I remove CLLCTIONSUSA from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.