What does CONCORD FIN mean on my credit report?
Is CONCORD FIN making an impact on your credit score?
What is CONCORD FIN?
CONCORD FIN is shorthand for
Concord Financial Group, with the company name being
Concord Financial Group Inc
“Quality is not an action; it’s a habit."–Aristotle Our commitmentWe do not invest for you- we Partner With You! Aligned from Day One, you’ll Understand Your Vision & Invest According To Goals..
CONCORD 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 Concord Financial Group.
⚫ 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 Concord Financial Group:
- 1711 WOODLAWN AVENUE, WILMINGTON, DE 19806
Concord Financial Group LLC does not offer a monthly payment plan, refunds, payments over the phone, or a discount for automatic payments. Concord Financial Group LLC offers online payment options such as credit cards, debit cards, and bank transfers. They also have a Riskalyze quiz which helps pinpoint and quantify risk tolerance for a portfolio. there are no other payment options such as using a check or money order, payment by mobile app, or penalties for late or missed payments. It is unknown if payments can be made using a prepaid debit card or wire transfer.
|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?||No|
|Can I make a payment using a prepaid debit card?||No|
|Can I make a payment using a wire transfer?||No|
Forgiveness and Cancellation
There are three main types of student loan forgiveness: cancellation, discharge, and repayment programs. Loan consolidation is when you combine multiple federal student loans into a single loan. The requirements for loan forgiveness vary depending on the type of forgiveness you are seeking.
|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 can also apply for a loan using a mobile app. If you want to apply for a loan with a cosigner, you can do that as well.
|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?||No|
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 CONCORD 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.