What does AC AUTOPAY mean on my credit report?

Learn about AC AUTOPAY, an automotive trader offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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AC AUTOPAY is shorthand for AUTOPAY, with the company name being AUTOPAY

We come from various backgrounds and experience to create something new: A Better Way To Do Car Loans. Our work will not “Save The World”, but we do change life’s everyday impact for the better on a daily basis and that means a lot to us.

AC AUTOPAY is a Automotive Trader provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with AUTOPAY.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average account balance is $300.

  • ⚫ The average high credit balance is $22700.

  • ⚫ The average monthly repayment is $100.

The account is classified under the following METRO2 categories:

  • ⚫ Lease
  • ⚫ Collection Agency/Attorney
  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for AUTOPAY:


  • PO BOX 40469
    Denver, CO 80204





AUTOPAY offers loan terms from 24 months to 96 months, loan amounts from $2,500 to $100,000, and pre-qualification and lender-approved offers are valid for 30 days. Most of their lending partners offer automatic payments, so you can set up a wire transfer for payments. Late or missed payments can incur penalties.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? Yes
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

AUTOPAY does not offer loan forgiveness, but does partner with a network of trusted credit unions and financing institutions across the country, offering loan amounts from $2,500 to $100,000 with terms from 24 months to 96 months and rates as low as 2.99% for qualified applicants. Qualifications for loan forgiveness may include providing documentation such as a driver’s license, insurance, proof of income, proof of residence, and payoff letter if refinancing. You may also need to purchase GAP insurance and/or vehicle service contract. Rate shopping within a two-week period and adding a co-applicant may help you get a better rate. Pre-qualifying will not affect your credit.

Question Answer
Do they offer loan forgiveness? No

How to Apply

You can apply for a loan online, over the phone, or in person. Documentation that may be required includes a driver’s license, proof of income, proof of residence, and a payoff letter (if refinancing). Rates start at 2.99% for qualified applicants and loan amounts range from $2,500 to $100,000. Automatic payments are available and pre-qualification does not affect your credit.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
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

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

AC AUTOPAY 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.

What is a Automotive Trader

A Automotive Trader is any company that buys or sells vehicles. They will report on your credit report if you bought a car on credit or took out a loan during the purchase of your car. The repayment date is normally around three years, and the interest rate is typically between 3-13%. If you fail to make payments they may hire a collections agency which will try to either:

  • Collect the (alleged) missed payments
  • Try to reposess the vehicle

Either option is not ideal for you life as it may cause undue distress, expecially if the debt has not been reported correctly or there has been a mistake in the reporting process. The best way to protect yourself from automotive debt collectors is to challenge then repair any potential errors on their reporting.

How do I remove AC AUTOPAY 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.