What does ALLEGRO CREDIT mean on my credit report?

Is ALLEGRO CREDIT making an impact credit score?

Updated May 1, 2022

What is ALLEGRO CREDIT?

ALLEGRO CREDIT is shorthand for Allegro Credit®, with the company name being Allegro Credit®

At Allegro Credit, our mission is simply straightforward: retail and customers need a financing partner that they can rely on. Sasha made it very easy for us to navigate the new site and we finished training last week. I cannot tell you how refreshing it is to work with someone who is professional and offers exceptional customer services like Sasha does.

ALLEGRO CREDIT is a Creditor. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Allegro Credit®.

  • ⚫ 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 Allegro Credit®:

Address:

  • 1350 Old Bayshore Hwy #200, Burlingame, CA 94010, United States

Website:

Email:

Phone:

  • 800-644-8494

IdentityIQ Report Example

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

ALLEGRO CREDIT 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 ALLEGRO CREDIT 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.