What does MCKINNEY INVESTMENTSY mean on my credit report?
Learn about MCKINNEY INVESTMENTSY, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MCKINNEY INVESTMENTSY?
MCKINNEY INVESTMENTSY is shorthand for McKinney Investment, with the company name being McKinney Investment Inc
MCKINNEY INVESTMENTSY 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 McKinney Investment.
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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
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⚫ The average account balance is $400.
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⚫ The average high credit balance is $1400.
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⚫ The typical loan duration is 8 months.
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⚫ The average monthly repayment is $100.
How do I contact them?
Here is the current contact details for McKinney Investment:
Address:
- Mckinney Investment 143 S. Central Expressway McKinney, TX 75070
Website:
Email:
Phone:
Payments
payments can be made online by setting up an account on the website and following the instructions. Alternatively, payments can also be made in person at the physical store location. They offer a monthly payment plan that is available to all customers at checkout. You can request a payment refund by contacting your payment provider directly. Payments can also be made over the phone using a variety of payment methods, such as credit or debit cards, or electronic payment services. Online payments are possible. Most websites offer a secure payment system that allows you to make payments online. Many banks and financial institutions also offer online payment options, allowing customers to make payments easily and securely. Customers who make late or missed payments may incur late fees and other penalties depending on the company’s policy. Wire transfers are typically faster than other methods of payment and are a secure way to transfer money.
| 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 offers loan consolidation and loan forgiveness. To qualify for loan forgiveness, you need to make 120 qualifying 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. Some lenders also have mobile apps that you can use 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? | 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 |
IdentityIQ Report Example
- This is an example of what this creditor will look like on your IdentityIQ 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 MCKINNEY INVESTMENTSY 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.
