What does CRDMGMCOMP mean on my credit report?

Is CRDMGMCOMP making an impact on your credit score?

Updated January 1, 2023
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What is CRDMGMCOMP?

CRDMGMCOMP is shorthand for Credit Management Company, with the company name being Credit Management Company Inc

Over the last ten years, CMC Collection Practice has invested heavily in technology, refined methods, and brought together the best people in the business. Customized Outsourcing Programs working with some of the biggest names in the Industry have built long-term relationships

CRDMGMCOMP 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 Management Company.

  • ⚫ 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 Management Company:

Address:

  • Foster Plaza Building 7 661 Andersen Drive, Suite 110 Pittsburgh, PA 15220

Website:

Email:

Phone:

Payments

you can make a payment using the Payment Portal on the CMC website. Payments can also be made online and via CMC’s mobile app. There are no penalties for late or missed payments.

Question Answer
Can I make payments over the phone? No
Can I make payments online? Yes
Can I make a payment using a mobile app? 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 CRDMGMCOMP 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.