What does HP SEARS mean on my credit report?
Learn about HP SEARS, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HP SEARS?
HP SEARS is shorthand for HP Sears, with the company name being HP Sears Inc
HP SEARS 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 HP Sears.
-
⚫ 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 HP Sears:
Address:
- 5330 Office Center Ct Ste C, Bakersfield, CA
Website:
Phone:
Payments
you can make a payment by using a credit card, debit card, PayPal account, or bank transfer. They offer a monthly payment plan. Customers can pay in installments over the course of the month. To request a payment refund, contact the store or retailer where you made the purchase. Payments can be made over the phone. Customers can call and make payments with a credit card, debit card, or electronic check. Payment options may vary depending on what the customer is paying for. Payments can also be made online through multiple methods such as credit card, PayPal, Apple Pay, etc. Many mobile apps allow users to make payments securely and conveniently. Late or missed payments often incur penalties. The penalty amount and type will depend on the creditor and the terms of the agreement. Prepaid debit cards are accepted forms of payment at many retailers and online stores. Wire transfers can also be used to make payments, though there is usually a fee associated with this method.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| 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 not offer loan forgiveness or consolidation. To qualify for loan forgiveness, the individual must make 120 on-time, full monthly payments.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online, over the phone, or in person. Applying for a loan through a mobile app is also an option. You may be able to apply for a loan with a cosigner.
| 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? | Yes |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | 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 HP SEARS 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.