What does GEN BUS REC mean on my credit report?
Learn about GEN BUS REC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is GEN BUS REC?
GEN BUS REC is shorthand for General Business Recoveries Inc, with the company name being General Business Recoveries Inc Inc
Recovery Company was established in 1967 and has operated since then under various names. We have been in business for over 35 years, we took great care of our clients’ assets.
GEN BUS REC 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 General Business Recoveries Inc.
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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 General Business Recoveries Inc:
Address:
- PO Box 41960
Tucson, AZ 85717
Website:
Email:
Phone:
Payments
Customers can make payments online, over the phone, or through a mobile app. Debit and credit cards are accepted for online and phone payments. There may be other payment options available depending on the company, such as using a check or money order. Wire transfers are also an option for making payments.
| Question | Answer |
|---|---|
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Can I make a payment 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 GEN BUS REC 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.