What does 7TH AVE mean on my credit report?
Learn about 7TH AVE, an furniture shop offering loans for financial assistance. Check the impact to your credit report and financial status.
What is 7TH AVE?
7TH AVE is shorthand for 7th Avenue Sofas, with the company name being 7th Avenue Sofas LLC
Passionsmerkur contemporary furniture store from the inside out is a passionately merchandized modern shop. In service levels so far above what you’ve experienced in industry, our goal is to offer customers such comfort plans and warm houses to ease all their fears.
7TH AVE is a Furniture Shop 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 7th Avenue Sofas.
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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 7th Avenue Sofas:
Address:
- 137, Bullers Road, 00400 Colombo, Sri Lanka
Website:
Email:
Phone:
Payments
You can make a payment to your credit card from a Bank of America account online, by phone, through Mobile Banking, at a financial center or ATM, or by mail. Payments made online usually post immediately, while those made by mail may take up to seven days. To check your account balance, you can log into Online Banking or use the Mobile Banking app.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | 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
There is no loan forgiveness program, but there is loan consolidation. To qualify, the borrower must have federal student loans. The consolidation process will lower monthly payments and make the borrower eligible for loan forgiveness programs.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online, over the phone, or in person. Online loans may have more streamlined applications, may have more relaxed qualification requirements, and faster approval and funding speeds. Before submitting a mobile loan application, make sure to understand the app’s or mobile site’s security measures. You can apply for a loan with a cosigner. A cosigner is someone who agrees to repay your debt if you fail to and they are equally responsible for the debt.
| 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.
How do I remove 7TH AVE 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.