What does UNIVERSAL CL mean on my credit report?
Learn about UNIVERSAL CL, an collections agency offering loans for financial assistance. Check the impact to your credit report and financial status.
What is UNIVERSAL CL?
UNIVERSAL CL is shorthand for Universal Debt Collection Services, with the company name being Universal Debt Collection Services Inc
Universal Collection Systems, Inc. (UCS) is a full service collection agency with its headquarters located in Memphis, TN. Universal Collection Systems, Inc. was established in 1983 and provides debt-collection services to clients from there. UCS is a Veteran-Owned Small Business in Tennessee with 45 employees who specialize in managed collections services. We serve distributors, retail, state/local government and medical collections. UCS is not a letter service, but uses live and virtual agents, sends out letters and works evenings and weekends. When necessary, we take legal action.
UNIVERSAL CL 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 Universal Debt Collection Services.
- ⚫ Universal Debt Collection Services 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.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Universal Debt Collection Services:
Address:
- 5240 Mendenhall Park Pl, Memphis, TN 38115
Website:
Email:
Phone:
Payments
Customers of Universal Collection Systems Inc. can make payments online, by phone, or by mail. Online payments can be made through the company’s secure payment portal. Wire transfer payments are also an option. There are penalties for late or missed payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
they do not offer loan forgiveness or consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online through Universal Collection Systems Inc. by using their secured online payment portal. Applying for a loan in person is not offered by Universal Collection Systems. Universal Collection Systems Inc. offers a secure online payment portal for easy loan payments. Universal Collection Systems Inc. offers collection services that allow you to apply for a loan with a cosigner.
| 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 |
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 UNIVERSAL CL 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.