What does WILSCOMCAP mean on my credit report?
Learn about WILSCOMCAP, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is WILSCOMCAP?
WILSCOMCAP is shorthand for Wilshire Consumer Credit, with the company name being Wilshire Consumer Credit Inc
WILSCOMCAP 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 Wilshire Consumer 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.
About the account
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⚫ The average account balance is $2700.
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⚫ The average high credit balance is $2800.
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⚫ The typical loan duration is 44 months.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Wilshire Consumer Credit:
Address:
- 4727 Wilshire Blvd suite 100, Los Angeles, CA 90010, United States
Website:
Email:
Phone:
Payments
You can make a payment by registering on MyAccount and enrolling to receive your FICO ® Score for free. You can also submit an insurance claim, contact Wilshire Consumer Credit, or access other payment options. Payment Options are available through Wilshire Consumer Credit. You can get a payment refund by registering on MyAccount. You can also submit an insurance claim and contact us for more information. Payments cannot be made over the phone. Customers can make payments online through Wilshire Consumer Credit’s MyAccount portal. they do not offer a discount for automatic payments. payment options such as using a check or money order are available. Wilshire Consumer Credit provides Payment Options for customers to manage their account online. there are penalties for late or missed payments. Customers can make a payment using a prepaid debit card. Payment can be made using a wire transfer.
| 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
Wilshire Consumer Credit does not offer loan forgiveness or loan consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online through Wilshire Consumer Credit’s MyAccount portal. Register to receive a free FICO® Credit Score and view payment options. Mobile app loan applications are not available, but you can apply with a cosigner.
| 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? | Yes |
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 WILSCOMCAP 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.