What does ADVANTA BANK CORP/CWS mean on my credit report?
Learn about ADVANTA BANK CORP/CWS, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ADVANTA BANK CORP/CWS?
ADVANTA BANK CORP/CWS is shorthand for Advanta Bank Corp, with the company name being Advanta Bank Corp.
ADVANTA BANK CORP/CWS is a Bank 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 Advanta Bank Corp.
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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
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Advanta Bank Corp:
Address:
- 2701 East Grauwyler Rd., BLDG 1
Irving, TX 75061
Website:
Email:
Phone:
Payments
To make a payment for your Advanta Business Card, you can mail it to Advanta’s P.O. Box address or send it to their physical address via UPS, FedEx, or Airborne Express. You can make payments from multiple bank accounts and the debit is processed on your scheduled payment date or the following business day. No fees are associated with this service, and it is recommended to complete payment transactions by 5:00 pm E.T. on or before the due date. If Advanta has not received or credited your payment, verify with your bank and send a printed record to Advanta Credit Cards. If you receive a late fee when you paid on time, please check your records to verify that the payment was completed by 5:00 p.m. ET on the due date.To receive a payment refund, verify with your bank that the funds have been debited from your account, request a printed record of the transaction and send it to Advanta Credit Cards, P.O. Box 9217, Old Bethpage, NY 11804-9217.you can make payments over the phone to Advanta using Regular or Priority Mail, UPS, FedEx, Airborne Express, etc. There are no fees associated with this service and payments must be completed by 5:00 pm E.T. on or before the due date to ensure timely payment.you can make payments online to Advanta. Payment transactions must be completed by 5:00 pm ET on the due date displayed on your statement. Currently, there are no fees charged by Advanta for paying your Advanta bill online. You can register and make payments from multiple accounts if needed.you can make a payment using a prepaid debit card. You should complete the payment transaction by 5:00 pm E.T. on or before the due date displayed on your statement to ensure it is applied on time. There are no fees associated with this service, and you can register and make payments from multiple accounts if desired.you can make a payment using a wire transfer. To ensure payment is applied on time, please complete payment transactions by 5:00 pm E.T. on or before the due date displayed on your statement. No fees are currently charged by Advanta for paying your Advanta bill online.
| 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
Advanta does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, one must make their payment on or before their payment due date by 5:00 p.m. ET. Payments can be made from multiple bank accounts and there are no fees charged by Advanta for paying online. If Advanta has not received or credited a payment, the customer should verify with their bank that funds have been debited and send a printed record of the transaction to Advanta. If a late fee is received when the bill was paid on time, the customer should check their records and contact Advanta Customer Service.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | No |
How to Apply
It is possible to apply for a loan with Advanta, either online or through a mobile app. There is no in-person option for applying for a loan. It is also possible to have a cosigner when applying for a loan.
| 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? | 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 Bank
A bank is an institution where money is kept for saving or commercial purposes. They are able to offer Loans and Mortgages which means they have the ability to report on your credit. Banks are generally felt as untrustworthy (30% confidence rating in the USA) by the general public. Banks can make mistakes on your credit report which may lower your credit score, potentially damaging your credit report and costing you money.
How do I remove ADVANTA BANK CORP/CWS 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.