What does MUTUAL MGMT mean on my credit report?

Learn about MUTUAL MGMT, 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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MUTUAL MGMT is shorthand for Mutual Management Company, with the company name being Mutual Management Company Inc

Since then it was managed by Peter Evatt until his death in 1965, when Arthur Williams took over its administration.

MUTUAL MGMT 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 Mutual Management Company.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Mutual Management Company:


  • 1808 Riverside Ave #209
    Minneapolis, MN 55454





The Company provides services that include property management, budget preparation, marketing, and accounting. They also provide energy assistance and gas assistance programs through Xcel Energy and Center Point Energy. Customers are able to make payments over the phone by calling the customer service line and providing their payment information. Mobile apps offer a convenient way to make payments quickly and securely. Prepaid debit cards can be used to make payments. Wire transfers are a reliable and secure payment method as the money can be transferred directly from one bank account to another without having to use any third-party payment services.

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

they do not offer loan forgiveness or consolidation. To qualify for loan forgiveness, borrowers must make 120 qualifying payments (10 years’ worth) under an eligible repayment plan. Additionally, borrowers must meet other criteria, such as working for a qualified employer.

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

How to Apply

you can apply for a loan online. Many lenders offer the option to apply for and receive loan funds via the internet. The loan application process is typically streamlined and quick, and can be done from the comfort of your own home. You may be able to complete the process without leaving your home, and many lenders offer quick decisions. you can apply for a loan with a cosigner. A cosigner is an individual that agrees to be responsible for the loan if you fail to make payments. Generally, a cosigner must have a good credit score and sufficient income to qualify for the 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

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

MUTUAL MGMT 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 MUTUAL MGMT 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.