What does MIDTOWN CRED mean on my credit report?

Learn about MIDTOWN CRED, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is MIDTOWN CRED?

MIDTOWN CRED is shorthand for Midtown Corporate Credit, with the company name being Midtown Corporate Credit Inc

MIDTOWN CRED 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 Midtown Corporate Credit.

  • ⚫ 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
  • ⚫ Secured

How do I contact them?

Here is the current contact details for Midtown Corporate Credit:

Address:

  • 3717 NATIONAL DRIVE, SUITE:104, RALEIGH, NC, 27612

Website:

Email:

Phone:

Payments

Midtown Corporate Credit offers various payment options including online payments, mobile app payments, wire transfers, and prepaid debit cards. There may be penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? No
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

American Business Consultants does not offer loan forgiveness or consolidation. However, Midtown Corporate Credit offers financing options that may include loan forgiveness. To learn more, inquire with Midtown Corporate Credit.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

Midtown Corporate Credit offers online loan applications for a variety of commercial and non-secured loans, along with equipment leasing, lines of credit, bridge loans, and more. Additionally, they offer loan applications in person, multiple loan programs, lines of credit, equipment leasing, non secured loans up to $250,000, flip house finance, bridge loans, factoring, and PO finance. Their commercial finance services also include a mobile app. Cosigners may be accepted for some loan programs.

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.

MIDTOWN CRED 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 MIDTOWN CRED 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.