What does BAY FINANCE COMPANY LL mean on my credit report?

Is BAY FINANCE COMPANY LL making an impact on your credit score?

Updated January 1, 2023

What is BAY FINANCE COMPANY LL?

BAY FINANCE COMPANY LL is shorthand for Bay Finance Company, with the company name being Bay Finance Company

BAY FINANCE COMPANY LL 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 Bay 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 high credit balance is $5400.

  • ⚫ The average credit limit is $2700.

How do I contact them?

Here is the current contact details for Bay Finance Company:

Address:

  • 1 Corporate Dr #300, Wausau, WI 54401, United States

Phone:

IdentityIQ Report Example

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

BAY FINANCE COMPANY LL 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 BAY FINANCE COMPANY LL 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.