What does PROFESSIONAL DEBT mean on my credit report?
Learn about PROFESSIONAL DEBT, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is PROFESSIONAL DEBT?
PROFESSIONAL DEBT is shorthand for Professional Debt Mediation Inc, with the company name being Professional Debt Mediation Inc Inc
PROFESSIONAL DEBT 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 Professional Debt Mediation Inc.
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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.
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 Professional Debt Mediation Inc:
Address:
- 8657 Baypine Rd STE 201, Jacksonville, FL 32256, United States
Website:
Email:
Phone:
Payments
To make a payment, you can do so online, over the phone, or through the mail using a check or money order. There is a payment portal for mobile app payments. You can also make payments using a prepaid debit card or wire transfer. If you’re late on a payment, there may be penalties.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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
Professional Debt Mediation does not offer loan forgiveness or loan consolidation services.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
applying for a loan online is not available through Professional Debt Mediation. They specialize in providing services to clients across America with recovery results that are consistently above industry averages. You can generally apply for a loan with a cosigner. A cosigner is someone who agrees to take on the responsibility of repaying the loan in the event that the borrower defaults. The cosigner usually has a better credit score and income than the borrower, making them an attractive option for lenders.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| 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? | No |
| 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.
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 PROFESSIONAL DEBT 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.