What does BNCK RAINEY mean on my credit report?

Is BNCK RAINEY making an impact on your credit score?

Updated January 1, 2023
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What is BNCK RAINEY?

BNCK RAINEY is shorthand for Benuck & Rainey Inc, with the company name being Benuck & Rainey Inc Inc

BNCK RAINEY 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 Benuck & Rainey Inc.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Benuck & Rainey Inc:

Address:

  • 25 Concord Road, Lee, NH 03861

Website:

Email:

Phone:

Payments

Benuck & Rainey offers payment processing services, which can be accessed online or over the phone. They collect personal and non-personal information in order to secure and monitor the website and provide customers with their services. Refunds are available for payments made on their website. To get a refund, please contact their sales and support team. There are no discounts for automatic payments, but there are other payment options available, such as using a check or money order. The mobile app can also be used to make payments. Penalties may be assessed for late or missed payments. Prepaid debit cards and wire transfers are both accepted as payment methods.

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

There are three main ways to qualify for loan forgiveness through the Public Service Loan Forgiveness program. You may qualify if you are employed by a government organization, a not-for-profit organization, or a not-for-profit organization that provides certain public services. You must also have made 120 qualifying monthly payments. Loan consolidation can make it easier to qualify for loan forgiveness by combining multiple federal student loans into a single loan.

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

How to Apply

You can apply for a loan online, over the phone, or in person. You may also be able to apply for a loan using a mobile app. You may be able to 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? No
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

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 BNCK RAINEY 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.