What does ADV FIN SV mean on my credit report?
Learn about ADV FIN SV, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ADV FIN SV?
ADV FIN SV is shorthand for Advanced Financial Federal Credit Union, with the company name being Advanced Financial Federal Credit Union
ADV FIN SV is a Federal Credit Union 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 Advanced Financial Federal Credit Union.
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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 $500.
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⚫ The average high credit balance is $2300.
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⚫ The typical loan duration is 18 months.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Secured
How do I contact them?
Here is the current contact details for Advanced Financial Federal Credit Union:
Address:
- 785 Central Ave
New Providence, NJ 07974
Website:
Email:
- [afsinfo@advfinfcu.com /loandept@advfinfcu.com](mailto://afsinfo@advfinfcu.com /loandept@advfinfcu.com)
Phone:
Payments
Advanced Financial Federal Credit Union offers a wide range of payment options to their customers. These include making a payment online, through their mobile app, or at one of their four branches. They also offer 25,000+ surcharge free ATM locations to make payments. For direct deposits, their routing number is 221276817.
| 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
Advanced Financial Federal Credit Union offers loan consolidation at competitive rates. To qualify for loan forgiveness, applicants should first become members of Advanced Financial Federal Credit Union, who serve those who live, work or worship in Union or Essex County, NJ.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | Yes |
How to Apply
Advanced Financial Federal Credit Union offers a wide range of loans with competitive rates which can be applied for online, over the phone, or in person. They also have a mobile app and offer loans with cosigners. Their Visa Platinum Rewards program offers 9.90% APR. New and used loans are available at 3.75% and 4.75% APR respectively.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | Yes |
| 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 Federal Credit Union
A credit union is similar to a bank, however it is owned collectively by the members and does not operate on a for-profit basis. Many credit unions are able to provision credit and issue credit cards, which may report on your credit report. Due to the none-profit nature of federal credit unions they are generally more trusted by the public, as they are less likely to act in a malicious fashion. However, credit unions can still make mistakes with reporting on your credit report therefore being aware of what is being reported, and take action against any unfair reporting. The difference between a credit union and a federal is the fact that federal credit unions are federally insured.
How do I remove ADV FIN 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.