What does ADVANCE FIN mean on my credit report?

Learn about ADVANCE FIN, 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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ADVANCE FIN is shorthand for af247, with the company name being af247

Advance Financial is also a leading financial technology company offering an online loan and deposit facility for 33 countries throughout Asia, Africa, Europe and North America.

ADVANCE FIN 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 af247.

  • ⚫ 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 af247:


  • 100 Oceanside Drive, Nashville, TN 37204, 615-341-5900





To make a payment, you can contact Advance Financial’s Retention Team at 615-246-0172. Advance Financial offers online installment loans and Lines of Credit Loans in multiple states, with amounts ranging from $25 to $4,000. They also offer a mobile app with 98% of customers giving it a 4+ star rating. If you need help making payments due to the COVID-19 pandemic, please contact the Retention Team at 615-246-0172. For more information, check out the FAQ page. To get a payment refund, contact Advance Financial’s Retention Team.Customers can pay bills and send money to family members in another country at store locations. They also offer Check Cashing and free money orders. Payments can not be made over the phone, but can be made online. Advance Financial offers a mobile app that allows customers to make payments on their loans. Depending on the state where you live, you may be eligible for one or both. Late or missed payments may incur penalties, so customers are encouraged to contact the Retention Team at 615-246-0172 if having trouble making their payment. Advance Financial accepts prepaid debit cards and payments via wire transfer for payments.

Question Answer
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

Advance Financial offers Lines of Credit Loans, Installment Loans, Check Cashing, Free Money Orders, and other financial services in over 100+ stores in Tennessee, as well as 24/7 online loan services in select states. Loan amounts range from $25 up to $4,000 and vary by state. Loan consolidation is not explicitly stated as an available service. To qualify for loan forgiveness with Advance Financial, customers can contact their Retention Team at 615-246-0172. Additionally, eligibility is based on the state where you live and customers must meet certain criteria in order to apply for a loan.

Question Answer
Do they offer loan forgiveness? No

How to Apply

Advance Financial offers Line of Credit and Installment Loans. Eligibility is based on where a person lives and they must provide the necessary information in order to apply. More information can be found on their FAQ and Loan Products pages.

Question Answer
Can I apply for a loan online? 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.

ADVANCE FIN 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 ADVANCE FIN 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.