What does WESTSTAR MTG mean on my credit report?
Learn about WESTSTAR MTG, an mortgage provider offering loans for financial assistance. Check the impact to your credit report and financial status.
What is WESTSTAR MTG?
WESTSTAR MTG is shorthand for Weststar Mortgage, with the company name being Weststar Mortgage Inc
The company grew in the early 1990s to include a successful retail mortgage origination channel.
WESTSTAR MTG is a Mortgage Provider. They could be on your report for a number of reasons, for example:
-
⚫ You missed a repayment.
-
⚫ You opened an account with Weststar Mortgage.
-
⚫ 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:
- ⚫ Real estate
How do I contact them?
Here is the current contact details for Weststar Mortgage:
Address:
- 8814 Horizon Blvd. NE Suite 100
Website:
Email:
Phone:
Payments
You can make a payment by using a credit card, debit card, or other payment methods such as PayPal. You can also pay by bank transfer or cash. Our store offers a monthly payment plan. A payment refund can be requested by contacting the seller directly. Payments can be made over the phone using their credit cards. Payments can also be made using debit cards, bank transfers, and other forms of payment. Payments can be made online with a variety of methods. These include credit cards, debit cards, bank transfers, and digital payment systems such as PayPal and Apple Pay. Customers can pay by check or money order as well as credit or debit cards. Most prepaid debit cards can be used for payment online and in stores. Payments can also be made using a wire transfer.
| 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
loan forgiveness is not available at this bank. However, they do offer loan consolidation. This may be a good option for borrowers who have made 120 qualifying payments on their student loans over the past decade, are employed in a qualifying occupation, and are not in default on their student loans.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
you can apply for a loan online, over the phone, or in person. Many lenders offer an online loan application process that makes it easy to apply for a loan from the comfort of your own home. You will typically need to provide some personal information, such as your name, address, phone number and income, as well as details about the loan you are applying for. Additionally, some lenders may require a credit check before approving your loan.
| 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? | Yes |
| Can I apply for a loan using a mobile app? | Yes |
| 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.
What is a Mortgage Provider?
A mortgage provider is a financial institution or mortgage bank that offers and underwrites home loans. Lenders have specific borrowing guidelines to verify your creditworthiness and ability to repay a loan. They set the terms, interest rate, repayment schedule and other key aspects of your mortgage. They have the ability to report on your credit profile which will affect your credit score. They also can run hard and soft inquiries which will impact your credit score if not delt with. Mortgage Providers are not perfect and can still make mistakes in their reporting, so if it says that you have missed a payment and you haven’t then if you take the correct action you will be able to remove the late repayment from your credit profile.
How do I remove WESTSTAR MTG 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.