What does PROCOLLECTINC mean on my credit report?
Learn about PROCOLLECTINC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is PROCOLLECTINC?
PROCOLLECTINC is shorthand for ProCollect INC, with the company name being ProCollect INC Inc
PROCOLLECTINC 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 ProCollect INC.
-
⚫ 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
How do I contact them?
Here is the current contact details for ProCollect INC:
Address:
- 12170 N. Abrams Rd., Suite 100 Dallas, Texas 75243
Website:
Email:
Phone:
Payments
ProCollect is a debt collection agency that offers various methods of payment, including online payments, wire transfer, and prepaid debit cards. There are no penalties for late or missed payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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
ProCollect does not offer loan forgiveness or consolidation. However, loan forgiveness may be achieved by partnering with a debt collection agency like ProCollect that offers customized reports, flexible solutions for debt placement, and has a commitment to customer service.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
ProCollect offers online loan application services for its customers. You cannot apply for a loan over a phone call or in person. Contact Procollect, Inc. by phone at 800.839.8186, or by email at infotocollector@procollect.com. ProCollect allows clients to submit debt through a variety of solutions, including online and through mobile apps. ProCollect offers its clients the ability to submit debt 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 PROCOLLECTINC 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.