What does ROAD AUTO mean on my credit report?
Learn about ROAD AUTO, an automotive trader offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ROAD AUTO?
ROAD AUTO is shorthand for ROAD Auto Finance , with the company name being ROAD Auto Finance Inc
In an age where automated approval processes and computerized systems make all financial decisions, Roadway Automotive Financing “goes back to the basics”. Using a common sense approach to determining credit worthiness, we offer trusted transportation solutions that allow us to support franchised and independent dealers to increase their sales and optimize their profits right now!
ROAD AUTO is a Automotive Trader 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 ROAD Auto Finance .
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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.
How do I contact them?
Here is the current contact details for ROAD Auto Finance :
Address:
- 5710 Ogeechee Rd 200 320Savannah, GA 31405, USA
Website:
Email:
Phone:
Payments
Road Auto Finance offers many options for payments, including online, mobile, over the phone, and through their trusted dealer partners. There are no penalties for late or missed payments. They offer discounts for automatic payments.
| 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? | 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
Road Auto Finance does not offer loan forgiveness. They take a more personal approach to underwriting and look at every loan individually, with the aim of providing financing that people deserve. Road Auto Finance offers loan consolidation and a hands-on approach to underwriting to ensure customers get the financing they deserve. They offer fast approvals, fast funding, and unmatched customer service. To qualify for loan forgiveness consumers must go through the automotive financing process through Road Auto Finance’s trusted dealer partners. This process is done by hand by trained professionals rather than a computer algorithm, and takes into account a consumer’s future potential instead of their credit history.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
Road Auto Finance provides automotive financing to consumers through their trusted dealer partners and takes a personal approach to underwriting. They offer fast approvals, fast funding, and unmatched customer service. Their underwriting method is done by hand by trained professionals to provide fast approvals and unmatched customer service. Road Auto Finance offers customers the ability to apply for a loan through a mobile app.
| 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 |
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.
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 ROAD AUTO 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.