What does CNL SNBLT CU mean on my credit report?

Is CNL SNBLT CU making an impact on your credit score?

Updated January 1, 2023
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CNL SNBLT CU is shorthand for Consolidated Recovery Group, with the company name being Consolidated Recovery Group Inc

Consoliidated Recovey group was founded in June 1990 by two Veterans of Collection Industry with more than 70 Years Combined Experience.Since Company Inception our primary focus has been building Strong Partnerships with All Of .We Have Experienced And Knowledgeable Professionals Who Have The Ability To Focus On The Individual Needs Of Each Client’S Business & Industry.Our State-Of-The-Art Collection System Was Purchased From Commtronics Systems, Inc..Their Debtmaster Software Is Window Based And Continuously Updated.

CNL SNBLT CU is a Credit Union provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Consolidated Recovery Group.

  • ⚫ 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 Consolidated Recovery Group:


  • 62 Eastgate Drive Suite 431 Aiken, South Carolina 29803-7698





Consolidated Recovery Group, LLC offers several options for making payments, including online, over the phone, and via wire transfer. There are no penalties for late or missed payments, and a discount is offered for automatic 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? No
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

There are three main student loan repayment plans offered by the government: Standard, Extended, and Graduated. Borrowers on the Standard Plan make fixed monthly payments for up to 10 years. The Extended Plan is available to certain Direct Loan borrowers with high debt relative to their income. Under this plan, payments are spread out over a longer period of time, up to 25 years. The Graduated Plan is also available to certain Direct Loan borrowers with high debt relative to their income. With this plan, payments start out low and increase every two years.

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

How to Apply

All loan applications must be completed online. You cannot apply for a loan over the phone, in person, or using a mobile app. You may be able to apply for a loan with a cosigner.

Question Answer
Can I apply for a loan online? No
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? No
Can I apply for a loan with a cosigner? No

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

CNL SNBLT CU IdentityIQ Report

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 Credit Union

A credit union is similar to a bank, however it is owned collectively by the members and does not operate on a for-profit basis. Many credit unions are able to provision credit and issue credit cards, which may report on your credit report. Due to the none-profit nature of credit unions they are generally more trusted by the public, as they are less likely to act in a malicious fashion. However, credit unions can still make mistakes with reporting on your credit report therefore being aware of what is being reported, and take action against any unfair reporting.

How do I remove CNL SNBLT CU 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.