What does AMERIFINANCE mean on my credit report?

Learn about AMERIFINANCE, 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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What is AMERIFINANCE?

AMERIFINANCE is shorthand for AmeriFinance In, with the company name being AmeriFinance, In

AMERIFINANCE 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 AmeriFinance In.

  • ⚫ 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 $18400.

  • ⚫ The typical loan duration is 54 months.

  • ⚫ The average monthly repayment is $100.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for AmeriFinance In:

Address:

  • Hollywood, FL 33081, United States

Website:

Email:

Phone:

Payments

payments can be made online or in person. Online payments can be made using debit or credit cards, while in person payments may be made with cash or check. Payments can also be made over the phone by providing a credit card or debit card number.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes

How to Apply

All loan applications must be completed online. You cannot apply for a loan over the phone, in person, or using a mobile app. If you cannot complete the application by yourself, you can add a co-signer.

Question Answer
Can I apply for a loan online? No
Can I apply for a loan over a phone call? No

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

AMERIFINANCE 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 AMERIFINANCE 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.