What does REG CRDT SER mean on my credit report?
Learn about REG CRDT SER, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is REG CRDT SER?
REG CRDT SER is shorthand for Regional Credit, with the company name being Regional Credit Inc
REG CRDT SER 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 Regional Credit.
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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.
How do I contact them?
Here is the current contact details for Regional Credit:
Address:
- 1201 Jefferson St., Suite 150 Washington, MO 63090
Website:
Email:
Phone:
Payments
Regional Credit Services does not require a contract to sign and there are no up front costs to collect delinquent accounts. Regional Credit Services can locate debtor assets and put a mark on an individual’s credit report if payment is not received. Regional Credit Services collects judgments. they do not offer a monthly payment plan. there is no up front cost for collections. Regional Credit Services offers alternative payment options such as checks or money orders. Regional Credit Services offers mobile payment options. Regional Credit Services will submit delinquent files to the credit bureau if payment is not received within 45 days. Regional Credit Services can accept payments made with prepaid debit cards. Regional Credit Services offers payment plans that include wire transfer.
| 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
Regional Credit Services does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, there is no contract to sign; however, Regional Credit Services does accept all files over $10 and suggests their services when indebtedness is 90 days delinquent. They can find people and locate debtor assets, but will put a mark on an individual’s credit report for non payment. They can also collect judgments by locating assets and taking legal action.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Regional Credit Services does not offer loan applications online, over the phone, in person, or through a mobile app. They also do not provide loans with cosigners.
| 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? | No |
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 REG CRDT SER 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.