What does POWELL INC mean on my credit report?

Is POWELL INC making an impact credit score?

Updated May 1, 2022

What is POWELL INC?

POWELL INC is shorthand for Powell Industries Inc, with the company name being Powell Industries Inc LLC

In 1947 it began serving as a base for steel production supporting the local Petrochemistry Complexes of Houston, Texas. Nowadays the company is located in Houston, Texas and has branches in the USA, Canada and the UK. Its clients include chemical companies and power stations in the energy industry.

POWELL INC is a Creditor. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Powell Industries Inc.

  • ⚫ 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 Powell Industries Inc:

Address:

  • 11662 Investor Ave. Suite A, Baton Rouge, LA 70809

Website:

Phone:

  • 800.480.7273

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 POWELL INC 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.