What does COMMERCIAL ACCEPTANCE mean on my credit report?
Learn about COMMERCIAL ACCEPTANCE, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is COMMERCIAL ACCEPTANCE?
COMMERCIAL ACCEPTANCE is shorthand for Commercial Acceptance Company, with the company name being Commercial Acceptance Company Inc
These terms and conditions (“terms and conditions”) apply to your access to and use of the worldwide web site available at www.commercialacceptance.net (this “web site”). If you do not accept these terms and conditions, you may not grant us permission to use this website and will have to leave instantly.
COMMERCIAL ACCEPTANCE 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 Commercial Acceptance Company.
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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.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Commercial Acceptance Company:
Address:
- 2300 Gettysburg Rd Suite 102 Camp Hill, PA 17011
Website:
Email:
Phone:
Payments
There are several ways to make a payment, including online, over the phone, or with a mobile app. There may be penalties for late or missed payments. You can also use a prepaid debit card, wire transfer, or check/money order (although this last option may have restrictions). Some companies offer a discount for automatic payments.
| 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
The website does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, the borrower must be employed full-time by a government or nonprofit organization, have made 120 qualifying payments, and not be in default on the 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. 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? | Yes |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit 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 COMMERCIAL ACCEPTANCE 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.