What does FIN ACCTS SV mean on my credit report?
Learn about FIN ACCTS SV, an collections agency offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FIN ACCTS SV?
FIN ACCTS SV is shorthand for FAST Collections Inc, with the company name being FAST Collections Inc Inc
FAST became a recognised brand name within the industry and earned reputation as a company that works with honesty and professional attitude towards their clients.
FIN ACCTS SV is a Collections Agency provider. They could be on your report for a number of reasons, for example:
- ⚫ You missed a repayment.
- ⚫ You opened an account with FAST Collections Inc.
- ⚫ FAST Collections Inc bought your debt and are now trying to collect on it.
- ⚫ You opened a credit card / loan / mortgage with this company.
- ⚫ 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 FAST Collections Inc:
Address:
- 8300 Kingston Pike Knoxville, TN 37919
Website:
Email:
Phone:
Payments
The only way to make a payment is online through the website www.payfasttoday.com. There is no monthly payment plan, but there are no penalties for late or missed payments. You can pay with a prepaid debit card. Refunds must be requested from the company that you made the payment to.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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? | No |
Forgiveness and Cancellation
There are three main types of student loan forgiveness: -Public Service Loan Forgiveness -Income-Driven Repayment Forgiveness -Teacher Loan Forgiveness To qualify for loan forgiveness, you typically need to make payments for a certain number of years (usually 10), although there may be other requirements as well. For more information, please visit the [website] (https://www.ed.gov/fund/grants-college-costs/loans/forgiveness-cancellation) for additional details.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person. Applying for a loan with a cosigner is also 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 |
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit 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 Collections Agency?
Collection agencies appear on your report when a company has failed to collect an outstanding debt. If a creditor has sent your debt to collections, they expect to receive only a portion of any money collected. For them, this is preferable to receiving nothing at all continuing the process of trying to collect your debt themselves. However due to the agressive nature of some collection agencys, you may feel threatened or harrassed by them. However, the good news is that if they inaccurately reported your debt and you take the correct credit repair action, there is a good chance that you will not have to repay and inaccurately reported debt.
How do I remove FIN ACCTS SV 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.