What does COM CRED SOL mean on my credit report?
Learn about COM CRED SOL, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is COM CRED SOL?
COM CRED SOL is shorthand for Credit Solutions LLC, with the company name being Credit Solutions LLC Inc
The company is headquartered in New York City with offices in London (NY), San Francisco, Chicago, Los Angeles, Austin, Raleigh, Columbus Circle, Paris, Tokyo, and Grovetown, Atlanta.
COM CRED SOL is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Credit Solutions LLC.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ 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 Credit Solutions LLC:
Address:
- 2277 Thunderstick Drive Suite 400 Lexington, KY 40505
Website:
Email:
Phone:
Payments
Customers can make payments online, by phone, or by mail using various methods including credit cards, personal checks, and money orders. There are no penalties for late or missed payments, but if payments are not made, there may be consequences such as damage to credit score or collection efforts.
| Question | Answer |
|---|---|
| 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 |
Forgiveness and Cancellation
Student loans may offer loan forgiveness and consolidation. To qualify for loan forgiveness, the borrower may have to make a certain number of payments.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online or over the phone. Credit Solutions offers various secure payment methods, including VISA, MasterCard, American Express, or Check by phone. You can also pay via phone by calling 877-265-1485 or mailing a money order or personal check.
| 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 using a mobile app? | 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 COM CRED SOL 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.