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.

Updated January 1, 2023
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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.