What does AZ PREMIUM FINANCE CO mean on my credit report?
Learn about AZ PREMIUM FINANCE CO, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is AZ PREMIUM FINANCE CO?
AZ PREMIUM FINANCE CO is shorthand for Arizona Premium Finance Co, with the company name being Arizona Premium Finance Co
The consumer is not subjected to a credit check, the only condition for gettinga premium finance charge is that the customer must be selling a valid insurancepolicy that meets financing qualifications. Personal and commercial policiesqualify for financing except workers’ compensation policies.The loan is made when an agent sells the insurance policy withcompletion of a simple 1-page Finance Agreement. Each month they receive amoney coupons and send their payments to APFC by postal money order orcourier.
AZ PREMIUM FINANCE CO 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 Arizona Premium Finance Co.
-
⚫ 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 $300.
-
⚫ The average high credit balance is $2000.
-
⚫ The typical loan duration is 10 months.
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 Arizona Premium Finance Co:
Address:
- 12406 N 32nd St #110, Phoenix, AZ 85032, United States
Website:
Email:
Phone:
Payments
Arizona Premium Finance Co. offers financing for most insurance policies, including personal auto policies, commercial policies, Vehicle Service Contracts (VSCs), and Vehicle Warranty Programs. They have a specialized program for each one. Customers can make payments online, through a mobile app, or with a prepaid debit card. There are no penalties for late or missed payments.
| 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? | 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
they do not offer loan forgiveness or consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Arizona Premium Finance Co. offers online loan applications for personal auto policies, commercial policies, general liability, excess & surplus lines, taxi, livery, black car, New York Assigned Risk Plan, Assigned Risk, Risk Retention Groups (RRG), vehicle service contracts (VSC) and vehicle warranty programs. You cannot apply for a loan over the phone or in person. Additionally, they offer financing for most types of insurance policies and complete servicing of Vehicle Service Contracts and Vehicle Warranty Programs.
| 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? | 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 AZ PREMIUM FINANCE CO 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.