What does SIERRACREDIT mean on my credit report?
Learn about SIERRACREDIT, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SIERRACREDIT?
SIERRACREDIT is shorthand for Sierra Credit Corporation, with the company name being Sierra Credit Corporation Inc
Then we serve these loans with the latest technology available to minimize delinquency rates and maximize profits. We are a Private Corporation located in Chatsworth, CA.
SIERRACREDIT 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 Sierra Credit Corporation.
-
⚫ You opened a credit card / loan / mortgage with this company.
-
⚫ Someone fraudulently opened a credit line under your name.
About the account
- ⚫ The average high credit balance is $12200.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Collection Agency/Attorney
- ⚫ Auto
How do I contact them?
Here is the current contact details for Sierra Credit Corporation:
Address:
- 347 Eton Ave, Chatsworth, CA 91311, United States
Website:
Email:
- [customerservice@sierracredit.com
](mailto://customerservice@sierracredit.com
)
Phone:
Payments
Sierra Credit offers multiple payment options online, through Moneygram, PayNearMe and phone payment options. There are penalties for late or missed payments, such as interest or fees. Sierra Credit Corporation allows customers to make payments online, through Moneygram, PayNearMe, or their phone payment options.
| 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
Sierra Credit Corporation does not offer loan consolidation services or loan forgiveness. Loan forgiveness is available to qualifying individuals who have made 120 qualifying payments on a qualifying repayment plan. The borrower must have a Direct Loan, Federal Family Education Loan, or a Perkins Loan and the loan payments must have been made under a qualifying repayment plan. The borrower must also meet the income requirements and eligibility requirements set by the Department of Education.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you can apply for a loan online with Sierra Credit Corporation. You cannot apply for a loan over the phone or in person. There is no mobile app to apply for a loan, and Sierra Credit Corporation does not provide information regarding cosigners for loans.
| 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? | 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 SIERRACREDIT 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.