What does OPT RECVRY mean on my credit report?
Learn about OPT RECVRY, an collections agency offering loans for financial assistance. Check the impact to your credit report and financial status.
What is OPT RECVRY?
OPT RECVRY is shorthand for Optima Recovery Services LLC, with the company name being Optima Recovery Services LLC Inc
Optimacom Recovery Services, LLC is a reliable leader in the health care industry and we are proud to provide prompt, individual and effective service. We have an excellent record of success in handling all types of medical collections, as well as, an exceptional reputation. Our employees at Optimacom Recovery Services, LLC receive training on local law, procedure and how to handle matters professionally across all 50 states. The clients of Optimacom Recovery Services, LLC understand the importance of cash flow, cash recycling and regenerative income.
OPT RECVRY 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 Optima Recovery Services LLC.
- ⚫ Optima Recovery Services LLC 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 Optima Recovery Services LLC:
Address:
- 6215 Kingston Pike # A, Knoxville, TN 37919, United States
Website:
Email:
Phone:
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit 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 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 OPT RECVRY 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.