What does ACSI BENTON mean on my credit report?

Is ACSI BENTON making an impact on your credit score?

Updated January 1, 2023
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What is ACSI BENTON?

ACSI BENTON is shorthand for Auto Credit of Southern Illinois, with the company name being Auto Credit of Southern Illinois

At Autocredit Inc., we do not care about your previous credit history; we focus on your ability to pay back loans and maintain excellent payment habits going forward. Every month we report to the credit bureaus to provide you an opportunity to improve your credit score.

ACSI BENTON 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 Auto Credit of Southern Illinois.

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

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

How do I contact them?

Here is the current contact details for Auto Credit of Southern Illinois:

Address:

  • 1629 North Main Street, Benton, IL 62812

Website:

Email:

Phone:

Payments

Auto Credit offers many payment options such as online, over the phone, and in person. You can also make payments using a check, money order, prepaid debit card, or wire transfer. If you’re late on a payment, you may be subject to late fees and other penalties.

Question Answer
Do they offer a monthly payment plan? No
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 and consolidation are both options offered by the website. Loan forgiveness requires certain qualifications that are met by the borrower. Consolidation is a process in which the borrower’s multiple loans are combined into one loan.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

Auto Credit is an online service that offers loans to applicants that are at least 18 years old, have a valid Illinois driver’s license, and have take-home pay of at least $1200 per month. Loans through Auto Credit are easy to apply for and approvals are fast. Customers also have access to a great selection of vehicles with various warranties available.

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.

ACSI BENTON 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 ACSI BENTON 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.