What does ACCOUNT RESOLUTION COR mean on my credit report?
Learn about ACCOUNT RESOLUTION COR, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ACCOUNT RESOLUTION COR?
ACCOUNT RESOLUTION COR is shorthand for Account Resolution Corporation, with the company name being Account Resolution Corporation
ACCOUNT RESOLUTION COR is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Account Resolution Corporation.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
How do I contact them?
Here is the current contact details for Account Resolution Corporation:
Address:
- 700 Goddard Ave. Chesterfield MO 63005
Website:
Email:
Phone:
Payments
To make a payment, customers can use a valid debit or credit card online, through a mobile app, or in store. Checks and money orders are also accepted forms of payment. There may be penalties for late or missed payments, such as late fees, higher interest rates, or damage to credit scores.
| 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
There are three main programs offered by the government to help with student loans: loan consolidation, loan forgiveness, and income-driven repayment plans. You may qualify for loan forgiveness if you work in certain public service jobs or if you have made 120 qualifying monthly payments on an income-driven repayment plan. You can consolidate your loans to have a single monthly payment, but it will not lower your interest rate. You may be able to lower your interest rate by consolidating your loans into a Direct Consolidation Loan.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
To apply for a loan, you can do it online, over the phone, in person, or using a mobile app. You may also need 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? | Yes |
| 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.
How do I remove ACCOUNT RESOLUTION COR 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.
