What does CBS COL LEX mean on my credit report?
Learn about CBS COL LEX, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is CBS COL LEX?
CBS COL LEX is shorthand for
Credit Bureau Systems INC, with the company name being
Credit Bureau Systems INC Inc
- 100% guaranteed customer satisfaction from your own dedicated client representative right up to the CEO; get accessibility you require with Accountabilityyou Trust* All measures taken to retrieve your debts will be fully complient and internally reviewed for quality assurance.* Access reports on any one of your accounts via our secure client portal, and check statistics in real-time* Trained and tested HIPAA personnel, FICO and CRAs certified
CBS COL LEX 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 Credit Bureau Systems INC.
⚫ 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 Credit Bureau Systems INC:
- 100 Fulton Ct, Paducah, KY 42001
You can make a payment online, over the phone, or using a mobile app. You can also use a prepaid debit card, wire transfer, or check/money order (though some of these may have additional fees). If you make a late or missed payment, there may be penalties. If you set up automatic payments, you may be eligible for a discount.
|Do they offer a monthly payment plan?||No|
|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
Loan forgiveness and consolidation are both options offered by the website. There are certain requirements that must be met in order to qualify for loan forgiveness.
|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. You may also be able to apply for a loan using a mobile app. You may be able to apply for a loan with a cosigner.
|Can I apply for a loan online?||Yes|
|Can I apply for a loan over a phone call?||Yes|
|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|
SmartCredit Report Example
- This is an example of what this creditor will look like on your 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 CBS COL LEX 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.