What does CARMEL FINCL mean on my credit report?
Learn about CARMEL FINCL, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is CARMEL FINCL?
CARMEL FINCL is shorthand for Carmel Financial Corporation Inc, with the company name being Carmel Financial Corporation Inc Inc
CARMEL FINCL is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Carmel Financial Corporation Inc.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
How do I contact them?
Here is the current contact details for Carmel Financial Corporation Inc:
Address:
- 580 E Carmel Dr Suite 101, Carmel, IN 46032, United States
Website:
Email:
Phone:
Payments
Customers can make payments with a debit card, have it automatically deducted from their personal checking or savings account each month, or by logging onto the Customer Online Portal. If a customer believes their payment was wrongfully charged, they may contact the Customer Service Department. Carmel Financial only accepts MasterCard or Visa as payment options, and 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? | No |
| Do they offer a discount for automatic payments? | Yes |
| Can I make a payment using a mobile app? | No |
| 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. There is no qualification for loan forgiveness.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you cannot apply for a loan online, over the phone, or in person. You can, however, update your account information, pay your monthly payment with a debit card, and have your payment automatically deducted each month by calling customer service at 800-727-2987. You can also log onto the Customer Online Portal for more information. you can apply for a loan with a cosigner. Carmel Financial offers 100% financing for exceptional credit and provides exceptional funding payout on consumers with less than “perfect” credit. Carmel Financial also has a wide variety of credit promotions available and offers fast credit decisions.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| 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.
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 CARMEL FINCL 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.
