What does RENTWERX LLC mean on my credit report?
Learn about RENTWERX LLC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is RENTWERX LLC?
RENTWERX LLC is shorthand for RentWerx, with the company name being RentWerx Inc
Find out more…Our Team at Rent Werx San Antonio have an experienced team of portfolio managers and real estate agents who look after your property. Our brokers receive daily online enquiries from landlords seeking help in locating suitable rentals.
RENTWERX LLC 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 RentWerx.
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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 RentWerx:
Address:
- 21222 Gathering Oak #103 San Antonio, TX 78260
Website:
Email:
Phone:
Payments
It is not possible to offer less in rent or negotiate terms prior to applying for a rental home. An application must be submitted and reviewed before any decision can be made. They do not offer a monthly payment plan. It is not possible to offer less in rent or negotiate terms prior to applying. An application needs to be submitted and reviewed before any offers can be made to the owner. We cannot present an offer to rent for less than the advertised price because we require an application to present to the owner for review. there are no other payment options such as using a check or money order. 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? | No |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | No |
| Can I make a payment using a prepaid debit card? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
they do not offer loan forgiveness or consolidation. To qualify for loan forgiveness, an application fee is required and all of the necessary information needs to be reviewed by the owner.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you cannot offer less in rent or negotiate terms prior to applying. This is true whether you are applying online, over the phone, in person, or using a mobile app. If you have a cosigner, the same rules apply.
| 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 |
IdentityIQ Report Example
- This is an example of what this creditor will look like on your IdentityIQ 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 RENTWERX LLC 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.
