What does AMIGO ENERGY mean on my credit report?

Is AMIGO ENERGY making an impact on your credit score?

Updated January 1, 2023
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What is AMIGO ENERGY?

AMIGO ENERGY is shorthand for Fulcrum Retail Energy LLC dba Amigo Energy, with the company name being Fulcrum Retail Energy, LLC dba Amigo Energy

There is a large variety of electrical supply stores in texas than can change depending on the locality in which they operate-Amigos or Reliant, Direct Current provides service to many such as home owners who rent their houses and businesses that hire residential and commercial clients.

AMIGO ENERGY 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 Fulcrum Retail Energy LLC dba Amigo Energy.

  • ⚫ 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 Fulcrum Retail Energy LLC dba Amigo Energy:

Address:

  • P.O. Box 3607
    Houston, TX 77253
    Tel: 888-331-8871

Website:

Email:

Phone:

Payments

Amigo Energy offers many options for making payments, including online, by phone, and through a mobile app. Customers can also sign up for automatic payments and receive a discount. There are no penalties for 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? 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

Amigo Energy does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, you need to switch to Amigo Energy and provide your current provider with notice. You will also need to pay any non-recurring fees and the last bill from your current provider.

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

How to Apply

You can apply for a loan online, over the phone, or in person. Amigo Energy provides service in many areas and offers variable and fixed rates. There are non-recurring fees and enrolling is easy.

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 AMIGO ENERGY 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.