What does ALE SOLUTION mean on my credit report?
Learn about ALE SOLUTION, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ALE SOLUTION?
ALE SOLUTION is shorthand for
Ale Solutions INC, with the company name being
Ale Solutions INC
ALE SOLUTION 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 Ale Solutions INC.
⚫ You opened a credit card / loan / mortgage with this company.
⚫ Someone fraudulently opened a credit line under your name.
About the account
⚫ The average account balance is $1300.
⚫ The average high credit balance is $1300.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for Ale Solutions INC:
- One West Illinois Street
Saint Charles, Illinois 60174
To make a payment, policyholders can visit the ALE Solutions website and click “Make a Payment” under the Policyholders section. Additionally, policyholders can make a payment through the MyALE portal. There is a discount for automatic payments. Penalties may be incurred for late or missed payments. ALE Solutions requires approval from the insurance adjuster before providing temporary housing solutions and will make all efforts to find cost-effective options.
|Do they offer a monthly payment plan?||No|
|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
ALE Solutions offers loan forgiveness by way of assisting with temporary housing and providing payment solutions. There is a 5-step process with the help of relocation specialists. To qualify for loan forgiveness, insurance adjusters need to contact ALE Solutions and request/approve housing solutions.
|Do they offer loan consolidation?||No|
How to Apply
you can apply for a loan with ALE Solutions using their MyALE mobile app, website, or over the phone. They offer housing solutions for displaced policyholders, catastrophe teams, and hotel solutions. MyALE is a claims portal which can be used to request or extend temporary housing with one click.
|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.
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 ALE SOLUTION 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.