What does BELMONT FIN mean on my credit report?

Is BELMONT FIN making an impact on your credit score?

Updated January 1, 2023

What is BELMONT FIN?

BELMONT FIN is shorthand for Belmont Finance LLC, with the company name being Belmont Finance, LLC

Following the death of his father, he was trained by his mother, Theresa, and sister Mary Jane Watson on 27 April 1891 at Cob

BELMONT FIN 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 Belmont Finance LLC.

  • ⚫ 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 $1200.

  • ⚫ The average high credit balance is $2500.

  • ⚫ The typical loan duration is 12 months.

  • ⚫ The average credit limit is $2500.

  • ⚫ The average monthly repayment is $100.

How do I contact them?

Here is the current contact details for Belmont Finance LLC:

Address:

  • 6810 Johnnies Ln, Stevens Point, WI 54482, United States

Website:

Email:

Phone:

Payments

Belmont Finance offers a wide range of payment options, 100% non-recourse, over 75 years of combined experience in the direct selling industry, and excellent customer service.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? Yes
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

Belmont Finance does not offer loan forgiveness. However, they do offer loan consolidation and have been providing financing and credit services since 2005. They offer a non-recourse finance program and have over 300 partnerships with distributors all over the nation. They prioritize customer service and have 75 years of combined experience in the direct sales industry.

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

How to Apply

Belmont Finance offers an online loan application process for direct sales distributors and customers. They provide excellent customer service, a non-recourse finance model, and have over 75 years of combined experience in the direct sales industry. They offer a financing process for consumer purchases that includes a mobile app. You can apply for a loan with a cosigner.

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.

BELMONT FIN 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 BELMONT FIN 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.