What does RECEIV RECOV mean on my credit report?
Learn about RECEIV RECOV, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is RECEIV RECOV?
RECEIV RECOV is shorthand for Receive, with the company name being Receive Inc
Established in 1999, Receive has accumulated over 76 years of collective experience with an experienced team of lawyers and paralegals at receive to be a member of the American Collectors Association and is legally registered in both Indiana and Michigan.
RECEIV RECOV 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 Receive.
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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 Receive:
Address:
- PO Box 1811 | South Bend, IN 46634
Website:
Email:
Phone:
Payments
you can make a payment by choosing the best option for you and move towards a debt resolution solution by making a payment today. Online payments can be made by clicking on the ‘Pay Now’ button, mail payments can be sent to Collections or Legal at the Receive addresses provided, and payments can also be made by phone. You can also file a dispute or receive information on the Fair Debt Collection Practices Act.
| 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. To qualify for loan forgiveness, there is no definitive answer, but helpful information for debt resolution includes making a payment online or by mail, filing a dispute, and accessing helpful links.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
It is possible to apply for a loan online by clicking on the “Pay Now” button and being redirected to a secure payment page. It is not possible to apply for a loan over the phone, in person, or using a mobile app. A cosigner may be necessary.
| 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? | 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 RECEIV RECOV 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.