What does ACCPT RENT mean on my credit report?

Is ACCPT RENT making an impact on your credit score?

Updated January 1, 2023
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What is ACCPT RENT?

ACCPT RENT is shorthand for Pay Your Rent Inc, with the company name being Pay Your Rent Inc.

Pay your rent within eight seconds and create your credit history with Equifax, Experian and TransUnion mobile app.

ACCPT RENT is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Pay Your Rent Inc.

  • ⚫ 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:

  • ⚫ Lease

How do I contact them?

Here is the current contact details for Pay Your Rent Inc:

Address:

  • 2035 Lakeside Centre Way,
    Suite 150, Knoxville, TN 37922

Website:

Email:

Phone:

Payments

PayYourRent offers a variety of payment options for rent, including online payments, auto-pay, phone payments, and credit/debit cards. There is a zero-day hold exception for sole proprietorship funds which may be subject to a 4-5 business day hold. All other payments are processed in a timely manner. For more detailed information, please see the FAQ articles on Payments or contact PayYourRent at 888.800.4797 or sales@payyourrent.com.

Question Answer
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? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Loan forgiveness can be applied for by landlords and property managers who are registered as sole proprietorships, however, due to increased fraud, funds may be held for 4-5 business days. Other accounts such as corporations, limited liability companies and certain other accounts are not affected by this delay.

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

How to Apply

It is possible to apply for a loan online through the PayYourRent website. You can also use the payment features offered to make rental payments and view payment history. The mobile app offers additional features such as the ability to connect utilities and make maintenance requests. Whether you can apply for a loan with a cosigner may depend on the type of account you have set up.

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? Yes
Can I apply for a loan with a cosigner? Yes

IdentityIQ Report Example

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

ACCPT RENT 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.

How do I remove ACCPT RENT 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.