What does MERCHANTS CREDIT BUREA mean on my credit report?
Learn about MERCHANTS CREDIT BUREA, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MERCHANTS CREDIT BUREA?
MERCHANTS CREDIT BUREA is shorthand for Merchants Credit Bureau, with the company name being Merchants Credit Bureau Inc
Over seventy years and more, MCB has committed itself to providing its customers the very best in quality products and services. We are proud of the partnerships that we have established with our vendors and staff, and thank you for helping us continue this relationship.
MERCHANTS CREDIT BUREA 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 Merchants Credit Bureau.
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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.
How do I contact them?
Here is the current contact details for Merchants Credit Bureau:
Address:
- 2803 Wrightsboro Rd Unit 8, Augusta, GA 30909, United States
Website:
Email:
Phone:
Payments
Merchants Credit Bureau (MCB) offers a variety of payment options, including online payments, mobile payment solutions, wire transfer payments, and payments using prepaid debit cards. There are penalties for late or missed payments, including collection services.
| 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
MCB does not offer loan forgiveness or consolidation. Qualifications for loan forgiveness vary depending on the type of loan and the individual’s circumstances.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online through Merchants Credit Bureau. They offer a variety of services, including consumer credit reports, mortgage credit reports, employment and tenant screening reports, as well as collection and pre-collection services. A cosigner can be used to help you apply for 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 MERCHANTS CREDIT BUREA 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.