What does ACCIONEAST mean on my credit report?
Learn about ACCIONEAST, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ACCIONEAST?
ACCIONEAST is shorthand for Accion East, with the company name being Accion East
ACCIONEAST is a Creditor 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 Accion East.
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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 $3100.
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⚫ The average high credit balance is $10500.
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⚫ The typical loan duration is 34 months.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Business Loan
How do I contact them?
Here is the current contact details for Accion East:
Address:
- 80 Maiden Ln #903, New York, NY 10038, United States
Website:
Email:
Phone:
Payments
Different businesses have different payment requirements. In order to make a payment, you may need to register your business and obtain a Tax ID number. You can make payments online, over the phone, or through other methods depending on the business. American Education Services offers an automated payment service called Direct Debit which offers an interest rate reduction to users and is free and convenient.
| 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? | Yes |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | No |
Forgiveness and Cancellation
The Public Service Loan Forgiveness program offers loan forgiveness for those who have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively). There are temporary changes that make it easier to receive forgiveness or get credit toward forgiveness, but applicants must apply before October 31, 2022.ABC Financial Corporation offers loan consolidation services. They offer a range of options to help borrowers manage their debt, including debt consolidation loans, refinancing, and loan modification. Their services can help borrowers lower their monthly payments and lower their total amount of debt.To qualify for loan forgiveness, business owners must first choose their business structure and obtain their Tax ID (EIN) number. After doing so, they should research the pros and cons of different business structures and use the business startup checklist available in the Business Learning Center to ensure they have completed the necessary steps to start their business. Additionally, they should refer to the small business growth tips available to ensure their business is successful.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | Yes |
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online, over the phone, or in person. You will need a Tax ID number to apply for a loan online. Applying for a loan in person is not an option, but the Business Learning Center provides resources to help entrepreneurs start and grow their business. Applying for a loan using a mobile app is possible with Accion Opportunity Fund. Loans with a cosigner are an option.
| 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 |
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 ACCIONEAST 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.