What does CREDIT MANAGEMENT LP mean on my credit report?

Is CREDIT MANAGEMENT LP making an impact on your credit score?

Updated January 1, 2023
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What is CREDIT MANAGEMENT LP?

CREDIT MANAGEMENT LP is shorthand for Credit Management LP, with the company name being Credit Management LP Inc

The CMI group is a 100%-employee owned solution provider to customers throughout the country. We believe there is strength in partnerships, and successful outcomes occur when individual employees work collaboratively towards a common goal. CMI is committed to building the trusts and bonds which bring about profitable relations with its clients and their consumers. Every employee personally assumes responsibility for addressing customer, regulatory and financial concerns raised by CMIs client companies.

CREDIT MANAGEMENT LP 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 LP.

  • ⚫ 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 Credit Management LP:

Address:

  • 6080 Tennyson Pkwy Suite 100, Plano, TX 75024, United States

Website:

Email:

Phone:

Payments

To make a payment, you can do it online, through a mobile app, over the phone, or through a wire transfer. You can also use a prepaid debit card, but there are penalties for missed or late payments.

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

The website does offer loan forgiveness and consolidation. To qualify for loan forgiveness, you must have made 120 payments on time and in full. You also must work for a qualifying employer. For more information, please visit the website.

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

How to Apply

There are many ways to apply for a loan, including online, over the phone, in person, and using a mobile app. You may also be able to apply for a loan with a cosigner.

Question Answer
Can I apply for a loan online? No
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 with a cosigner? No

SmartCredit Report Example

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

CREDIT MANAGEMENT LP 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 CREDIT MANAGEMENT LP 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.