What does PENN CREDIT CORPORATIO mean on my credit report?
Learn about PENN CREDIT CORPORATIO, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is PENN CREDIT CORPORATIO?
PENN CREDIT CORPORATIO is shorthand for Penn Credit Corporation, with the company name being Penn Credit Corporation Inc
PENN CREDIT CORPORATIO 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 Penn Credit Corporation.
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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 Penn Credit Corporation:
Address:
- PO Box 69703 Harrisburg, PA 17106
Website:
Email:
Phone:
Payments
You can make a payment to Penn Credit by calling the toll-free number 1-800-900-1380, using the secure payment portal (accepts Visa, MasterCard, Discover Credit or Debit & checks), mailing a check or money order, or visiting the Harrisburg, PA location in person. Penn Credit Corporation offers online payments via their Secure Payment Portal, which accepts Visa, MasterCard, Discover Credit or Debit and Checks. You can also make payments over the phone by calling toll-free 1-800-900-1380 to pay by Visa, MasterCard, or Discover Credit or Debit, or through Check by Phone. Other payment options include using a check or money order, or a mobile app by calling 1-800-900-1380, online through the Secure Payment Portal, by mail, or in-person at our Harrisburg, PA location. Penn Credit Corporation accepts payment by wire transfer, Visa, MasterCard, Discover Credit or Debit, Check by Phone, and Check or Money Order by mail.
| 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. It is unknown how to qualify for loan forgiveness.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online by using the Secure Payment Portal which accepts Visa, MasterCard, Discover Credit or Debit & Checks. Many banks and credit unions now offer mobile apps that allow you to apply for a loan quickly and easily. You may also 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? | 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 PENN CREDIT CORPORATIO 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.