What does TEK-COLLECT INC mean on my credit report?
Learn about TEK-COLLECT INC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is TEK-COLLECT INC?
TEK-COLLECT INC is shorthand for TekCollect, with the company name being TekCollect Inc
TEK-COLLECT INC 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 TekCollect.
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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 TekCollect:
Address:
- PO BOX 1269 Columbus, OH 43216
Website:
Email:
Phone:
Payments
TekCollect is a service that helps businesses manage their accounts receivable and collections. To make a payment, please contact the business or go to their Client Portal. Payment can be made online. TekCollect offers a mobile app payment option to ensure customers can pay their overdue bills with a soft, non-alienating approach. Additionally, customers can check out their account progression online 24/7. There are no other payment options other than those offered by TekCollect, such as Binary Program, Early Intervention, Medical, First Party, Secondary Phase, and Custom Solutions.
| 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? | No |
Forgiveness and Cancellation
TekCollect does not offer loan forgiveness or consolidation. They specialize in streamlining accounts receivable and collections with a low fixed fee, soft approach and customized solutions for businesses of any size.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
TekCollect is a third-party service that specializes in maintaining positive cash flow and streamlining accounts receivable, but does not provide loan options. It does not offer loan applications online or over the phone. It also does not have a mobile app for applying for loans. You can, however, 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 |
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 TEK-COLLECT INC 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.