What does LPH/NW COLL mean on my credit report?
Learn about LPH/NW COLL, an collections agency offering loans for financial assistance. Check the impact to your credit report and financial status.
What is LPH/NW COLL?
LPH/NW COLL is shorthand for NorthWest Collectors
, with the company name being NorthWest Collectors Inc
Since 1960, NorthWest Collectors has been a valuable member of the Missoula Business Economy, working relentlessly to create a strong company based on hard work and highest professional and ethical standards. In 2015, this award from the JSEC meant much more than just another collection method went beyond usual overdue accounts.
LPH/NW COLL 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 NorthWest Collectors.
- ⚫ NorthWest Collectors 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 NorthWest Collectors:
Address:
- 1235 Kensington Ave P.O. Box 2898 Missoula, MT 59801 United States
Website:
Email:
Phone:
Payments
Northwest Collectors offers various payment options such as Mastercard, Visa, Checks by Phone, Automatic Bank Drafts, and more. There are penalties for late or missed payments, such as being reported to major bureaus or legal action.
Question | Answer |
---|---|
Do they offer a monthly payment plan? | No |
Can I make payments over the phone? | Yes |
Can I make payments online? | Yes |
Do they offer a discount for automatic payments? | No |
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
Northwest Collectors does not offer loan consolidation or loan forgiveness.
Question | Answer |
---|---|
Do they offer loan forgiveness? | No |
Do they offer loan consolidation? | No |
How to Apply
Northwest Collectors is a full service collection and credit reporting agency that offers services, such as healthcare debt collection, legal action, and credit reporting, but does not offer loan applications. They accept payments via Mastercard, Visa, Checks by Phone, and Automatic Bank Drafts.
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 |
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 LPH/NW COLL 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.