What does AHFC mean on my credit report?

Is AHFC making an impact on your credit score?

Updated January 1, 2023

What is AHFC?

AHFC is shorthand for Alaska Housing Finance Corporation, with the company name being Alaska Housing Finance Corporation

AHFC 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 Alaska Housing Finance Corporation.

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

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

About the account

  • ⚫ The average high credit balance is $20800.

  • ⚫ The typical loan duration is 66 months.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for Alaska Housing Finance Corporation:

Address:

  • 4300 Boniface Parkway
    Anchorage, Alaska
    99504

Website:

Email:

Phone:

Payments

To make a payment, contact your local Alaska Housing office for assistance. Alaska Housing offers reasonable accommodations, Limited English Proficiency assistance, and facilities to support people with disabilities. Payment can be made over the phone if it is necessary for accommodations to be made. There are no penalties for late or missed payments as long as the appropriate party is contacted for assistance.

Question Answer
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

Alaska Housing does not offer loan consolidation or forgiveness. However, they are committed to providing information and services to Limited English Proficient individuals and to those with disabilities. All individuals must comply with federal, state, and local nondiscrimination laws, including the Fair Housing Act.

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 through Alaska Housing in person, online, or using their mobile app. You may need a cosigner and can request a reasonable accommodation if needed. They are committed to ensuring Limited English Proficient (LEP) individuals have meaningful access to rental assistance information and/or services.

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.

AHFC 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 AHFC 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.