What does SW CRDT SYS mean on my credit report?
Learn about SW CRDT SYS, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SW CRDT SYS?
SW CRDT SYS is shorthand for SOUTHWEST CREDIT SYSTE, with the company name being SOUTHWEST CREDIT SYSTE Inc
SW CRDT SYS 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 SOUTHWEST CREDIT SYSTE.
-
⚫ You opened a credit card / loan / mortgage with this company.
-
⚫ 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 SOUTHWEST CREDIT SYSTE:
Address:
- 4120 INTERNATIONAL PKWY #1100, CARROLLTON, TX 75007
Website:
Email:
Phone:
Payments
To make a payment, you can either log in to your account and submit payment information, or dispute the charge by submitting a written letter or completing a form on the website. You can make a payment using a mobile app, a prepaid debit card, or a wire transfer. If you make a late or missed payment, there may be penalties.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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
Southwest Credit does not offer loan forgiveness or consolidation. To dispute this, send a written letter of dispute or fill out the form on our website. If you have already made payment, provide the payment information so that we can notify the original creditor accordingly. If your debt was included in a bankruptcy, contact us with the case information.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you cannot apply for a loan online, over the phone, or in person. You also cannot apply for a loan using a mobile app. However, you may be able to apply for a loan with a cosigner.
| 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 SW CRDT SYS 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.
