What does ACAFINSERV mean on my credit report?

Learn about ACAFINSERV, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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ACAFINSERV is shorthand for ACA Financial Guaranty Corporation, with the company name being ACA Financial Guaranty Corporation

On 8 August 2008, the company and counterparty entities of its structured financing-products agreed on a restructuring plan for ACA. The company will continue operating as a runoff insurance company and focus on managing its remaining owned municipal liabilities

ACAFINSERV is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with ACA Financial Guaranty Corporation.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for ACA Financial Guaranty Corporation:


  • 555 Theodore Fremd Avenue, Suite B-302 / Rye, NY 10580





ACA Financial Guaranty Corporation offers several options for making payments, including online, through a mobile app, and via wire transfer. The company also previously had a restructuring agreement in place which allowed for claim settlement payments to be made to credit swap counterparties, among other things. There are no explicit penalties for late or missed payments, but failure to make them could result in legal action.

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

ACA Financial Guaranty Corporation does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, the company made claim settlement payments to its insured credit swap counterparties and issued non-interest bearing surplus notes with 95% issued for the benefit of the swap counterparties. The remaining 5% was issued to Manifold Capital. The Company also negotiated settlement of a $100 million medium term note obligation insured by the Company, where holders received approximately $47 million and title to certain collateralized debt obligation loan interests in full satisfaction.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

It is possible to apply for a loan online or using a mobile app through ACA Financial Guaranty Corporation. The Company has undergone a restructuring agreement in recent years which has resulted in the settlement of certain obligations. You can apply for a loan with a cosigner.

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

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

ACAFINSERV 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.

How do I remove ACAFINSERV 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.