What does CREDITSINC mean on my credit report?
Learn about CREDITSINC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is CREDITSINC?
CREDITSINC is shorthand for Credits Incorporated, with the company name being Credits Incorporated Inc
CREDITSINC 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 Credits Incorporated.
-
⚫ 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 Credits Incorporated:
Address:
- 461 E Main St, Hermiston, OR 97838, United States
Website:
Email:
Phone:
Payments
Credits Incorporated offers a variety of payment options such as online payments, mobile app payments, wire transfer payments, and more. There are no penalties for late or missed payments. They are a family-owned business with over 40 years of experience and offer services such as skip tracing, medical collections, revenue cycle management, and more.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | Yes |
| 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
Loan consolidation and forgiveness are two options available to those struggling to repay student loans. Loan consolidation involves taking out a new loan to pay off multiple existing loans. This results in a lower monthly payment, but may also increase the total amount of interest paid over the life of the loan. Loan forgiveness cancels all or part of a borrower’s debt if they meet certain requirements, such as working in a public service job.
| Question | Answer |
|---|---|
| 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 can also apply for a loan using a mobile app. If you have a cosigner, they can help you get a loan.
| 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 |
| Can I apply for a loan with a cosigner? | 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 CREDITSINC 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.