What does SENSBL AUTO mean on my credit report?
Learn about SENSBL AUTO, an automotive trader offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SENSBL AUTO?
SENSBL AUTO is shorthand for Sensible Auto, with the company name being Sensible Auto Inc
If you want to be part of an innovative and successful team, we’d love to hear from you! Become part of a growing company that’s improving the automotive industry for car manufacturers and lenders alike by focusing on new expansion opportunities.
SENSBL 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 Sensible Auto.
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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.
About the account
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⚫ The average account balance is $2000.
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⚫ The average high credit balance is $12600.
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⚫ The typical loan duration is 42 months.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Sensible Auto:
Address:
- PO Box 4249 Danbury, CT 06813
Website:
Email:
Phone:
Payments
Sensible Auto offers various payment options to customers, including online payments, phone payments, monthly payment plans, and the ability to pay at the dealership. Other accepted methods of payment include check, money order, prepaid debit card, and wire transfer. There are no penalties for late or missed 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? | 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
they do not offer loan consolidation or loan forgiveness. However, loan forgiveness may be available for certain types of federal loans. To qualify, you must meet certain criteria such as being employed in a public service job, making 120 qualifying payments while working in public service, and meeting other requirements. Additionally, you must complete and submit an application to determine if you qualify.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Sensible Auto does not allow for online, phone, or in-person loan applications. Applying for a loan with a cosigner is also not an option.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| 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? | No |
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 SENSBL 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.
