What does ACCCONFIN mean on my credit report?

Is ACCCONFIN making an impact on your credit score?

Updated January 1, 2023
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What is ACCCONFIN?

ACCCONFIN is shorthand for ACC Consumer Finance, with the company name being ACC Consumer Finance

ABOUT ACCOUNTING CORPORATION OF CALIFORNIA, LLP Is a special indirect lender in the automotive financing market headquartered in Doylestown, Pennsylvania, accc currently buys contracts originated by dealers located in California, New Jersey, Texas, Caifornia, North Carolina, South Carolina and Florida.

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

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with ACC Consumer Finance.

  • ⚫ 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:

  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for ACC Consumer Finance:

Address:

  • Finance PO Box 1647. Doylestown, PA 18901

Website:

Email:

Phone:

Payments

To make a payment with ACC Consumer Finance, LLC, you can use your loan account number or phone number. You can make payments over the phone, online, or through a mobile app. ACC offers a discount for customers who set up automatic payments, and there are no penalties for late or missed payments. You can also make a payment using a prepaid debit card or wire transfer.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? 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 are various options available for those struggling to pay back their student loans, such as loan consolidation and loan forgiveness. To qualify for loan forgiveness, customers should contact ACC about their payoff amount and meet with their Business Development Team.

Question Answer
Do they offer loan forgiveness? No

How to Apply

You can apply for a loan online, over the phone, or in person through ACC Consumer Finance. You can also apply for a loan using a mobile app or with a cosigner. ACC Consumer Finance is a full service solution program for selling cars and they are currently accepting applications from dealers in PA, NJ, TX, CA, NC, SC and FL.

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 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.

ACCCONFIN 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 ACCCONFIN 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.