What does BF F CRS LLC mean on my credit report?

Is BF F CRS LLC making an impact on your credit score?

Updated January 1, 2023
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What is BF F CRS LLC?

BF F CRS LLC is shorthand for Byrne Financial Freedom LLC, with the company name being Byrne Financial Freedom LLC Inc

We aim to enrich our customers' lives by providing them with sound financial advice via education, communication and personalised services. We strive to keep long term relationships with our investors by managing their assets in an ethical, fair and honest manner. They are an investment firms based in Franklin, Massachusetts. Their advisors have more than 100 years of cumulative investing expertise.

BF F CRS LLC 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 Byrne Financial Freedom 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 $100.

  • ⚫ The average high credit balance is $900.

  • ⚫ The typical loan duration is 10 months.

The account is classified under the following METRO2 categories:

  • ⚫ Unsecured
  • ⚫ Collection Agency/Attorney
  • ⚫ Secured

How do I contact them?

Here is the current contact details for Byrne Financial Freedom LLC:

Address:

  • 11 East Street, Franklin, MA 02038

Website:

Email:

Phone:

Payments

There are several ways to make a payment for Byrne Financial Freedom services, including online, using a mobile app, or with a wire transfer. Payments can also be made using a check or money order, but not over the phone. If a payment is missed or late, there are penalties.

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

The website offers loan forgiveness and consolidation. To qualify for loan forgiveness, the website says you must complete the public service employment certification form.

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

How to Apply

You can apply for a loan in person, over the phone, or online. Some loans may require 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? No
Can I apply for a loan using a mobile app? No
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.

BF F CRS LLC 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 BF F CRS LLC 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.