What does ASSETCARELLC/CAPIOPART mean on my credit report?

Is ASSETCARELLC/CAPIOPART making an impact on your credit score?

Updated January 1, 2023

What is ASSETCARELLC/CAPIOPART?

ASSETCARELLC/CAPIOPART is shorthand for AssetCare LLC, with the company name being AssetCare, LLC

We provide convenient services for making payments. The easiest option is to use our online payment portal. Our specialist will safely take your payment by phone at any time without extra charges.

ASSETCARELLC/CAPIOPART 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 AssetCare LLC.

  • ⚫ 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 AssetCare LLC:

Address:

  • Dept. 0540
    P.O. Box 120540
    Dallas, TX 75312-0540

Website:

Email:

Phone:

Payments

AssetCare offers several ways to make payment, including online, by phone, by mail and through automated payment plans. Additionally, the website for New York City’s Department of Consumer Affairs provides translations of commonly used debt collection terms in multiple languages. Late or missed payments may result in penalty fees or other consequences.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
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

AssetCare does not offer loan forgiveness. However, they provide resources and assistance to help you manage medical debt and take charge of your financial health.

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

How to Apply

AssetCare offers the ability to apply for a loan online. Applying for a loan over the phone or in person is not an option. You can, however, 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 with a cosigner? Yes

SmartCredit Report Example

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

ASSETCARELLC/CAPIOPART 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.

How do I remove ASSETCARELLC/CAPIOPART 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.