What does AUSTIN FINANCE COMPANY mean on my credit report?

Learn about AUSTIN FINANCE COMPANY, 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 AUSTIN FINANCE COMPANY?

AUSTIN FINANCE COMPANY is shorthand for Austin Finance Company, with the company name being Austin Finance Company

AUSTIN FINANCE COMPANY 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 Austin Finance Company.

  • ⚫ 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 $800.

  • ⚫ The average high credit balance is $900.

  • ⚫ The typical loan duration is 10 months.

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Austin Finance Company:

Address:

  • 5432 E. Grand Ave. Suite A
    Dallas, TX 75223

Website:

Email:

Phone:

Payments

The payment options are online with a debit card, or by phone. There is no monthly payment plan, but there are no penalties for late or missed payments. Wire transfers, prepaid debit cards, and checks are not accepted.

Question Answer
Do they offer a monthly payment plan? No
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? No
Can I make a payment using a prepaid debit card? No
Can I make a payment using a wire transfer? No

Forgiveness and Cancellation

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

How to Apply

At Austin Finance Company, you can apply for a loan online, over the phone, or in person at any of their 15 locations in Texas. You can also apply for a loan using a mobile app. Austin Finance Company specializes in bad credit loans and offers quick loan approval up to $1,600 for all your financial needs.

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? 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.

AUSTIN FINANCE COMPANY 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 AUSTIN FINANCE COMPANY 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.