What does CREDIT SERVICE CO mean on my credit report?

Is CREDIT SERVICE CO making an impact on your credit score?

Updated January 1, 2023

What is CREDIT SERVICE CO?

CREDIT SERVICE CO is shorthand for Credit Service Company Inc, with the company name being Credit Service Company Inc Inc

CREDIT SERVICE CO 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 Service Company 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 Service Company Inc:

Address:

  • 2150 Lelaray St. Colorado Springs, CO 80909

Website:

Email:

Phone:

Payments

You can make payments online, over the phone, or with a mobile app. You can also use a prepaid debit card, wire transfer, or check. There is a discount for automatic payments. Penalties may apply for late or missed payments.

Question Answer
Do they offer a monthly payment plan? Yes
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

There are three main ways to qualify for loan forgiveness through the Public Service Loan Forgiveness Program. You must make 120 qualifying monthly payments while working full-time for a qualifying employer, make 120 qualifying monthly payments under an income-driven repayment plan, or make 240 qualifying monthly payments. Loan consolidation can make it easier to keep track of your monthly payments and may help you qualify for forgiveness if you’re not already on an income-driven repayment plan, but it generally won’t lower your monthly payment.

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

How to Apply

You can apply for a loan in person, over the phone, or online. You can also use a mobile app to apply for a loan. You may be able to get a loan with a cosigner.

Question Answer
Can I apply for a loan online? No
Can I apply for a loan in person? No

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 SERVICE CO 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.