What does AMERICORFUND mean on my credit report?

Is AMERICORFUND making an impact on your credit score?

Updated January 1, 2023
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What is AMERICORFUND?

AMERICORFUND is shorthand for Americor Funding LLC, with the company name being Americor Funding, LLC

Who is America Corporation? The leading and most renowned debt-relief company in the nation. With our proven results and expertise, we help thousands of customers get rid of their debts by negotiating with creditors to erase part or all of their balances for less money.

AMERICORFUND 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 Americor Funding LLC.

  • ⚫ 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 Americor Funding LLC:

Address:

  • 18200 Von Karman Ave, Suite 600, Irvine, CA 92612

Website:

Email:

Phone:

Payments

To make a payment, clients can do so online, through the mobile app, or via wire transfer. There is no monthly payment plan offered, but clients who make all program payments save approximately 40 - 50% of their enrolled debt and pay fees ranging from 15-25% of their enrolled debt. The program typically takes 20-48 months. There are no refunds for payments made, but there are also no penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? No
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

Americor does not offer loan forgiveness or consolidation. However, they provide debt resolution services and clients who make all monthly program payments typically save approximately 40 – 50% of their enrolled debt upon successful program completion before program fees. Fees are based on a percentage of enrolled debt and range from 15%-25%. Programs range from 20-48 months.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online through Americor. You cannot apply for a loan over the phone or in person. Americor offers loans with a cosigner and the client saves an average of 43%. The program typically ranges from 20-48 months.

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? No
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.

AMERICORFUND 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 AMERICORFUND 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.