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CREDCO: Who Are They And How To Remove From My Credit Report?

Written by Mike Pearson
Updated August 10, 2022

Have you recently checked your credit report as part of your regular credit monitoring routine, only to find an entry from CREDCO? You don’t remember having a credit card or receiving a loan from this creditor or lender, so why does this name appear on your credit report?

Seeing CREDCO on your credit report as a hard inquiry can negatively impact your credit score, and the effect can last for a long period. This is why we’ll tell you everything about CREDCO, who they are, and how to remove their entry from your credit report, so keep reading. 

What is CREDCO?

CREDCO or CoreLogic Credco is a third-party credit reporting agency. The company is headquartered in San Diego, California but has several locations around the US. It provides credit information to several mortgage lenders, with information from TransUnion, Equifax, and Experian, the three main credit bureaus.

Mortgage lenders use the credit reports compiled by CREDCO to assess your eligibility for a mortgage or loan. These combined reports show your credit history, so the lender can approve your application because they know that you can commit to timely payments. 

Auto dealerships can also use the tri-merged credit reports of CREDCO, as these reports show your financial ability. They provide accurate information about your payment history and show if your credit score is good enough to make you eligible for a new car loan

CREDCO offers lenders a number of credit reports to facilitate their business operations. 

  • Instant Merge Report is the most widely used report in the mortgage industry. So, if you see a CREDCO entry on your credit report, it’s usually one of these reports, as it combines your credit information to assess your eligibility for a loan that you’ve applied for. 
  • Instant Merge PreQual is a single-bureau credit report, unlike the previous one, which combines information from three bureaus. This credit report assesses your financial situation to see if you can prequalify for a loan. 

As a result, this entry is considered a soft inquiry because you didn’t authorize it, and it was done by a lender who wants to offer you a promotional deal. Therefore, in some cases, you might not be able to see this entry on your credit report. 

  • Instant Merge Soft Touch is another soft inquiry that may or may not appear on your credit report. It’s approved by the three credit bureaus to be used in consumer counseling. Since it wasn’t issued based on your request, it won’t affect your credit score. 

Why Does CREDCO Appear On My Credit Report?

CREDCO can appear on your credit report as a hard or soft inquiry, and you’re likely to see it on your credit report for several reasons. 

You Applied for a Loan

If you’ve recently applied for a mortgage or a car loan, you’re likely to see a CREDCO entry on your credit report, even if you haven’t contacted the company directly. This is a hard inquiry because it was issued on your behalf, as you want the lender to approve your loan. 

However, the entry can appear as a soft inquiry if you didn’t ask for it. For example, the lender or creditor might adjust your payment terms or consider extending your credit. 

Although hard inquiries can bring your credit score by a few points, they don’t damage your score unless you’ve applied for many loans or have a really bad credit history. Soft inquiries, on the other hand, don’t affect your credit score at all. 

In some cases, multiple hard inquiries will only be recorded as a single one if you’re shopping for the best mortgage or car loan deal. However, multiple hard inquiries from several creditors can affect your credit score for a long period unless you do something about it. 

There’s a Mistake

Although CREDCO and other creditors use a lot of security checks, mistakes can still happen. For example, your name or social security number might have been inaccurately used for a mortgage or a car loan if someone made a mistake while recording the data. 

As a result, CREDCO will appear on your credit report because someone else was trying to get a mortgage or a car loan. Unfortunately, this means that this person might never receive their loan, and your credit score will be impacted by their inquiry. 

Someone Is Impersonating You

Unfortunately, despite all the new technologies, some people use their intelligence to deceive the system and might be able to impersonate you and steal your identity. As a result, you might see an entry from CREDCO on your credit report because someone used your name to apply for a mortgage or a car loan. 

Is CREDCO a Scam?

CREDCO isn’t a scam, but a lot of people aren’t familiar with its name. So, seeing the entry on your credit report will be alarming because you know that you don’t have a credit card or loan from this creditor. 

Lenders and creditors are the ones who deal with CREDCO, so this entry will appear on your credit report if you’ve recently contacted a lender or creditor for a mortgage or a car loan. It can also happen as a periodic check done by your current lender if you’re already paying for a mortgage or car loan. 

However, if none of this is true, you might be scammed. In this case, you need to take immediate action to remove CREDCO from your credit report. 

How Can I Remove CREDCO from My Credit Report?

A single entry from CREDCO on your credit report shouldn’t be that alarming, even if it’s a hard inquiry. It simply shows that you’ve applied for a mortgage or a car loan, and the lender is assessing your credit history to grant you the loan. If it’s a soft inquiry, you might not even see it on your credit report. 

Even though a hard inquiry will affect your credit score, it only decreases your score by a few points, and the effect is temporary. However, too many hard inquiries over a short period of time will negatively impact your credit score to a great extent. 

Luckily, there are a few things you can do to remove CREDCO from your credit report to help improve your credit score. 

  • Send a dispute letter to one of the credit bureaus. When you send one letter, the information is shared by all three bureaus, so you don’t have to send multiple dispute letters. 
  • File a report with the Federal Trade Commission by filling out a fraud application on their website if you suspect that someone is impersonating you. 
  • Contact CREDCO by sending a dispute letter to their mailing address. 

CoreLogic Credco, LLC

P.O. Box 509124

San Diego, CA 92150

  • Hire a credit repair company to help remove hard inquiries from your credit report to improve your credit score. A credit repair company can also help remove late payments, bankruptcies, charge-offs, and foreclosures to increase your credit score. 

Wrap Up

CREDCO is the name of a third-party credit reporting agency that cooperates with most lenders in the mortgage and car loans industry. You can see an entry from CREDCO on your credit report if you’ve recently applied for a mortgage or a car loan, and this entry will appear as a hard inquiry. If the creditor runs a regular check, the CREDCO entry will appear as a soft inquiry that won’t affect your credit score, and you might not even see it. 

However, if you haven’t applied for any loans, there might be a mistake. Someone might have mixed up your information or is trying to impersonate you. In this case, you should send a dispute letter or hire a credit repair company to help remove a CREDCO entry from your credit report. 

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Mike Pearson


Mike is a recognized credit expert and founder of Credit Takeoff. His credit advice has been featured in Investopedia, CreditCards.com, Bankrate, Huffpost, The Simple Dollar, Reader's Digest, LendingTree, and Quickbooks. Read more.